Tales from Encrypt

Prediction: "Encryption" is going to wind up being one of the biggest buzz words of 2009.  End to End Encryption (E2EE) more specifically.   There are some seriously nasty hackers with some seriously nasty approaches and companies that don't secure their data are, simply put, the walking dead.  

Last week I posted about a company named  Voltage Security who announced that their SecureData program now provides end-to-end-encryption or E2EE.  (I also made mention of the fact HomeATM has provided E2EE since January of '07, so it's been a buzz word for us at HATM for quite a while now) 

Yesterday Voltage Security announced that Wells Fargo has agreed to implement Voltage SecureMail™, their Identity Based Encryption email solution.  That's not only a "good get" for Voltage, but it probably paves the way to "securing" other Financial Institution's as clients.    Watch out for Zombies! 

 

Voltage Security Protects Email at Wells Fargo

Palo Alto, CA --  Voltage Security, the global leader in information encryption, today announced that Wells Fargo & Company, (NYSE: WFC), has selected and deployed Voltage SecureMail™ to secure email communications between Wells Fargo team members, customers, vendors and extended business partners.

Voltage SecureMail was selected and deployed by Wells Fargo because of the following:

1. Ease of adoption by team members, and customers.
2. Lowest total cost of ownership; there are no directories, certificates, or duplicate systems to manage.
3. Ease of Integration with the pre-existing messaging environment.

“We see secure communications as a mission critical part of our overall business strategy and a valued service to enable our customers to interact with the bank,” said Steve Ellis, executive vice president of Wells Fargo’s Wholesale Services Group. “With Voltage, our team members, customers, and business partners can interact online in a secure simple manner,” said Ellis.

“Wells Fargo’s deployment of Voltage SecureMail has quickly grown to be one of the largest use cases of secure email in the world,” said Sathvik Krishnamurthy, president and CEO of Voltage Security, Inc. “Voltage SecureMail, powered by Identity-Based Encryption (IBE), is the only solution that scales to this level across very large, complex extended business networks,” continued Krishnamurthy.

In the past, secure email systems at the financial services company went largely unused because inherent complexities in the user experience. Voltage provided a solution that is essentially invisible to internal team members and extremely easy to use for external recipients.

About Voltage Security
Voltage Security, Inc., an enterprise security company, is the global leader in information encryption. Voltage solutions, based on next generation cryptography, provide encryption that just works for protecting valuable, regulated and sensitive information persistently and based on policy. Voltage delivers power, simplicity and the lowest total cost of ownership in the industry through the use of award-winning Voltage Identity-Based Encryption™ (IBE) and a new breakthrough innovation: Format-Preserving Encryption (FPE). Voltage Security offerings include Voltage SecureMail™, Voltage SecureData™ and the Voltage Security Network™ (VSN), an on-demand managed service for the extended business network.

Voltage Security is the number one OEM provider of email encryption technology in the world with OEMs that include Microsoft, Proofpoint, Secure Computing, Sendmail, Canon, Code Green Networks and NTT Communications. The Company has been issued several patents based upon breakthrough research in mathematics and cryptographic systems. Customers include Global 1000 companies in banking, retail, insurance, energy, healthcare and government, such as American Board of Family Medicine, Diebold, Integro Insurance Brokers, NTT Communications, SafeAuto Insurance, Winterthur Life UK Ltd. and XL Global Services. For more information please visit http://www.voltage.com.

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Source: Press Release