P.
Hayes - May 9, 2000
Event
Summary
BEDFORD, Mass., On April 20 - RSA Security Inc. (NASDAQ:RSAS) announced
that the WAP Forum has specified RSA Security's RC5 encryption algorithm
for its WTLS (Wireless Transport Level Security) specification. At the
April WAP Forum Developer's Symposium in Miami, Florida, the committee
voted to include RSA Security's RC5 algorithm as an encryption technology
for use in wireless clients and servers. RSA Security's RC5 algorithm
is the only data encryption algorithm that is specified as "should be
supported by all WTLS clients and servers" by the WAP Forum for WTLS environments.
Market
Impact
RSA's RC5 encryption technology is critical to wireless transactional
e-business security. RSA's RC5 will lend not only privacy, but also verified
message integrity coupled with identification, or a 'fingerprint', much
like a digital certificate. As the wireless community continues to grow
at mind-boggling rates, security has become a key concern, not only in
the eyes of users, but also to vendors and service carriers.
RSA has become the defacto standard in electronic security, and is just
now making their presence felt in the wireless arena. The adoption of
RC5 will accelerate the time to deliver e-business transactional wireless
applications and give yet another 'shot in the arm' to the booming e-business
sector.
User
Recommendations
RSA's RC5 is indeed a welcome addition to Wireless Transport Layer Security
(WTLS), the encryption, secure delivery and identification will give consumers
relative peace of mind, while providing vendor's with the tools to increase
security, image, functionality and therefore sales. We expect to see an
estimated 1 Billion wireless Internet access users by the end of 2004,
all of which will need, at some point, secure transmission; WTLS coupled
with the RC5 encryption technology will be it.