Tuesday, May 31, 2011

Broadcom Leads the Way in Security for Tablet, PC, and Cloud Computing with Latest Secure SoCs

Integrated NFC, Secure Processor and Biometric Capabilities Enables Cross-Platform, Standards-based Security Solution

TAIPEI, TaiwanMay 30, 2011 /PRNewswire/ --
News Highlights:
  • Cost-effective security platform provides scalability across product families and form factors.
  • Coherent security model encompassing key technologies such as Bluetooth, NFC, GPS and Wi-Fi.
  • Multi-factor user authentication technology secures data at the source.
Broadcom Corporation (Nasdaq: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today announced two additions to its industry leading security system-on-a-chip (SoC) family with the introduction of the BCM5882 and BCM5883, the most highly integrated secure SoC processors in the industry. The new SoCs provide PC OEMs with a security solution which is both highly scalable and cost-effective.  With integrated near field communication (NFC) technology, a secure processor and biometric capabilities all on one chip, the new SoCs isolate user authentication from the host computing system through a multi-factor, multi-choice authentication and data protection process.  
The cost-effective security platform can be leveraged across product families and form-factors, allowing IT managers to have a consistent security platform throughout the organization. NFC is poised to become ubiquitous in smartphones and consumer electronic devices over the next few years and can be utilized in PCs and tablets for user authentication, payment, virtual currency transactions, ticketing, advertising, and location-based services and applications.
With the rise in enterprise network security breaches and increasing concerns related to social media sites and data stored in the cloud, security experts, suppliers and service providers alike see the need to improve network security. With this in mind, Broadcom developed Credential Vault, a feature at the core of the SoC where user and device keys and credentials are securely stored. The hardware-based authentication provided by the SoC can be directly linked to data access on self-encrypting hard drives (SED), thus offering an additional layer of security for critical user data.
Technologies such as cloud computing may also require repeated authentication throughout the work day. Broadcom's secure SoCs ease the use of cloud computing applications by eliminating the need for repeated log in and authentication through enterprise-class single sign-on applications.
In the workplace, each secure SoC has a unique device-specific key which can serve as a root of trust to generate device and user-based certificates. These certificates enable a secure work flow environment through the use of digital signatures in documents, email, VPN access, and digital rights management (DRM) applications.  
Broadcom will demonstrate its latest secure SoC switch solutions at this week's 2011 Computex conference and exposition in Taiwan May 31 — June 4.
Quotes:
Chuck Tato, Director, Connectivity, Processor & Security Solutions, Broadcom Corporation
"The frequency and cost of data breaches continue to rise, fueling demand for more secure solutions. Our latest secure SoCs provide a flexible solution for increased security throughout enterprise and cloud networking applications. By delivering all necessary functionality on a single host-isolated device, IT managers can secure data literally at the 'front door' of the system."  
Key Facts:
  • Data breaches costs continue to increase every year, with the average organizational cost of a data breach in 2010 of$7.2 million, up seven percent from 2009(1).
  • In addition to being ideal for PC and tablets, the new SoC platform is ideal for security devices such as authentication tokens, dongles, and peripherals.  
  • The new SoCs expand available hardware-based user authentication options including TPM 1.2, fingerprint, contacted smartcard, SecurID®, and NFC/contactless smartcard readers.
  • Ecosystem vendors can download the Credential Vault API software development kit (SDK)  athttp://www.broadcom.com/support/security/cv-api_sdk.php.
  • The BCM5882 and BCM5883 processors are immediately available in volume production.

(1) Ponemon Institute Study "2010 Annual Study: U.S. Cost of a Data Breach"
Resources:
Subscribe to RSS Feed:
Broadcom Infrastructure & Networking Group
About Broadcom
Broadcom Corporation (NASDAQ: BRCM), a FORTUNE 500® company, is a global leader and innovator in semiconductor solutions for wired and wireless communications. Broadcom® products seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environments.  With the industry's broadest portfolio of state-of-the-art system-on-a-chip and embedded software solutions, Broadcom is changing the world by Connecting everything®. For more information, go to www.broadcom.com.
Broadcom®, the pulse logo, Connecting everything®, and the Connecting everything logo, and StrataXGS® are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU.  Any other trademarks or trade names mentioned are the property of their respective owners.

Enhanced by Zemanta

Live Webcast: "Payment Security Survey Results"

Live Webcast: Payment Security Survey Results
(from CSO Security & Risk on 5-31-2011)

Date: June 15, 2011Time: 2:00 PM EST 

The negative impact of a security breach can degrade your company's image and revenues. While criminals become more and more savvy, trends continue to emerge with best practices being adopted to combat threats. Results from our recent Payment Security Survey will be discussed along with current payment security practices and strategies that merchants are implementing in order to keep payment data safe.  This webinar will answer key questions, including:
  • How much do merchants spend on their payment security programs?
  • How long does it take a merchant to achieve PCI DSS compliance?
  • How do merchants currently capture and transmit payment data?
  • What trends will emerge over the next 24 months?
Register now. Hear how your organization stacks up, and learn best in class practices you can deploy today to strengthen your payment security posture moving forward.

Sponsor: CyberSource


Enhanced by Zemanta

Yankee Group Brings Mobile Money Tour to Atlanta and San Francisco

Events will focus on opportunities driven by the multi-billion-dollar mobile payment ecosystem.
Boston, MA May 31, 2011
 - Yankee Group today announced a new seminar series, "Mobilized Money." Our informative breakfast events will address strategies for implementing mobile payment technologies and satisfying the needs of an increasingly connected consumer base. The series will stop in Atlanta on Tuesday, June 21 (Westin Buckhead), and in San Francisco on Thursday, June 23 (Grand Hyatt San Francisco). Both events will be held from 8:30 a.m. to 11:00 a.m. local time.

Yankee Group forecasts unprecedented growth in mobile transactions worldwide, with the total value increasing from $162 billion in 2010 to $984 billion in 2014. Our Mobilized Money seminars will explore the revenue opportunities available in this ecosystem across a variety of industries. Topics will include:

  • Connected devices
  • Mobile applications
  • Near field communications (NFC)
  • Mobile banking
Featured speakers:
These seminars are a must-attend for financial institutions, retailers, mobile operators, hardware and software vendors, and any other business with a keen interest in mobile payment and banking technologies. For more information and to register, visit http://web.yankeegroup.com/MobilizedMoneySeminar.html

About Yankee Group

The people of Yankee Group are the global connectivity experts–the leading source of insight and counsel trusted by builders, operators and drivers of connectivity solutions for 40 years. We are uniquely focused on the evolution of Anywhere connectivity, and chart the pace of technology change and its effect on networks, consumers and enterprises. Headquartered in Boston, Yankee Group has a global presence, including operations in Europe, the Middle East, Africa, Latin America and Asia-Pacific.
Contacts:

Enhanced by Zemanta

NRF Running Radio Ads Urging Swipe Fee Reform


NRF and West Virginia Retailers Association Air Radio Ads Urging Rockefeller and Manchin to Support Swipe Fee Reform

WASHINGTON--(BUSINESS WIRE)--The National Retail Federation and the West Virginia Retailers Association today announced the launch of a radio advertising campaign urging Senators John Rockefeller and Joe Manchin to oppose efforts to delay a new federal law that would save retailers and consumers more than $1 billion a month by lowering “swipe” fees banks charge to process debit card transactions.

These fees are driving up prices for West Virginia citizens at a time when the economy is still recovering. West Virginia doesn’t want swipe fee reform delayed.”
“Senators Rockefeller and Manchin have been champions of West Virginia’s consumers and retail merchants,” an announcer says in the new radio ad. “That’s important because now there’s even a bigger fight in Washington over swipe fees, and West Virginia’s consumers and retail merchants need Senators Rockefeller and Manchin’s help even more.”
“Americans pay the highest swipe fees in the world, three times more than any other country,” the ad says. “It’s your money the big banks are swiping. Call Senators Rockefeller and Manchin … and tell them don’t delay swipe fee reform. Tell them we need swipe fee reform now.”
The one-minute ads are running on stations across West Virginia this week as part of NRF’s nationwide 60-day lobbying, grassroots and media campaign aimed at ensuring that swipe fee reform passed by Congress last year goes into effect as scheduled on July 21. A provision in the 2010 Wall Street reform bill will reduce the fees by an estimated 70 percent, saving about $14 billion a year that retailers plan to pass along to customers through discounts or other benefits, but the banking industry is spending millions of dollars to delay reform.
“Congress concluded last year that swipe fees have been driving up prices for consumers by far too much for far too long,” NRF President and CEO Matthew Shay said. “Now that Congress has done something about these fees, retailers are ready to pass the savings along to customers through lower prices and higher value. We want to make sure swipe fee reform takes effect as planned, and consumers get to enjoy those new benefits as soon as possible.”
“We want our senators to know how important swipe fee reform is to Main Street businesses and consumers,” West Virginia Retailers Association President Bridget Lambert said. “These fees are driving up prices for West Virginia citizens at a time when the economy is still recovering. West Virginia doesn’t want swipe fee reform delayed.”
Rockefeller, a Democrat, voted in favor of swipe fee reform when the Wall Street reform bill was considered in Congress last year. Manchin, also a Democrat and West Virginia’s former governor, is a first-term senator and had not been elected when the vote took place.
Legislation introduced in March by Senator Jon Tester, D-Mont., would delay implementation of swipe fee reform by two years and require a new government study of the issue. Earlier this month, Tester said he would modify the bill to seek a 15-month delay, including a six-month study, six months for the Federal Reserve to draft new regulations replacing those proposed in December, and three months to prepare for implementation.
Banks’ call for further study comes despite the fact that Congress held seven hearings and ordered two Government Accountability Office studies before passing reform. Federal Reserve Chairman Ben Bernanke has testified before Congress that he has all the information he needs to prepare final regulations on schedule with no need for delay.
Swipe fees, officially known as interchange fees, are a charge averaging 1-2 percent for debit cards and 2-3 percent for credit cards taken by banks each time a card is used to pay for a purchase. The fees have tripled over the past decade to about $50 billion a year, and drive up prices paid by consumers by an estimated $427 for the average household. Debit cards account for about $20 billion of the total.
Congress has yet to deal with credit card swipe fees but included swipe fee reform for debit cards in last year’s Wall Street bill. Regulations proposed by the Federal Reserve to implement the provision would lower debit card swipe fees from their current 1 to 2 percent of each transaction to a flat fee of no more than 12 cents per transaction for large banks that adhere to fee schedules set by the card companies. Banks that set their own rates would be free to charge any fee they believe the market would bear provided that they do so independently. Financial institutions with less than $10 billion in assets are exempt.
As the world's largest retail trade association and the voice of retail worldwide, NRF's global membership includes retailers of all sizes, formats and channels of distribution as well as chain restaurants and industry partners from the United States and more than 45 countries abroad. In the United States, NRF represents the breadth and diversity of an industry with more than 1.6 million American companies that employ nearly 25 million workers and generated 2010 sales of $2.4 trillion. www.nrf.com
Listen to Radio Ad at http://swipefees.nrf.com/ads

NRF radio ads to preserve swipe fee reform

Alaska

Arkansas

Colorado

Maine

Montana

New
Hampshire

North
Carolina

North
Dakota

South
Carolina

West
Virginia

 

View our Newspaper Ad

NRF's Newspaper Advertisement


 National Retail Federation

NRF and Maine Merchants Association Air Radio Ads Asking Collins and Snowe to Continue Support of Swipe Fee Reform

WASHINGTON--(BUSINESS WIRE)--The National Retail Federation and the Maine Merchants Association today announced the launch of a radio advertising campaign urging Senators Olympia Snowe and Susan Collins to continue their support of a new federal law that would save retailers and consumers more than $1 billion a month by lowering “swipe” fees banks charge to process debit card transactions.
“It’s your money the big banks are swiping. Call Senators Snowe and Collins … and tell them don’t delay swipe fee reform. Tell them we need swipe fee reform now.”
“Senators Snowe and Collins have been champions of Maine’s consumers and retail merchants,” an announcer says in the new radio ad. “That’s important because now there’s even a bigger fight in Washington over swipe fees, and Maine’s consumers and retail merchants need Senators Snowe and Collins’ help even more.”
“Americans pay the highest swipe fees in the world, three times more than any other country,” the ad says. “It’s your money the big banks are swiping. Call Senators Snowe and Collins … and tell them don’t delay swipe fee reform. Tell them we need swipe fee reform now.”
The one-minute ads are running on stations across Maine this week as part of NRF’s nationwide 60-day lobbying, grassroots and media campaign aimed at ensuring that swipe fee reform passed by Congress last year goes into effect as scheduled on July 21. A provision in the 2010 Wall Street reform bill will reduce the fees by an estimated 70 percent, saving about $14 billion a year that retailers plan to pass along to customers through discounts or other benefits, but the banking industry is spending millions of dollars to delay reform.
“Congress concluded last year that swipe fees have been driving up prices for consumers by far too much for far too long,” NRF President and CEO Matthew Shay said. “Now that Congress has done something about these fees, retailers are ready to pass the savings along to customers through lower prices and higher value. We want to make sure swipe fee reform takes effect as planned, and consumers get to enjoy those new benefits as soon as possible.”
“Senators Snowe and Collins supported Maine businesses and consumers on this issue last year and we hope they will help us fight big banks’ efforts to take reform away,” Maine Merchants Association Executive Director Curtis Picard said. “These fees are driving up prices for Maine citizens at a time when the economy is still recovering. Maine doesn’t want swipe fee reform delayed.”
Snowe and Collins, both Maine Republicans, each voted in favor of swipe fee reform when the Wall Street bill was considered in Congress last year.
Legislation introduced in March by Senator Jon Tester, D-Mont., would delay implementation of swipe fee reform by two years and require a new government study of the issue. Earlier this month, Tester said he would modify the bill to seek a 15-month delay, including a six-month study, six months for the Federal Reserve to draft new regulations replacing those proposed in December, and three months to prepare for implementation.
Banks’ call for further study comes despite the fact that Congress held seven hearings and ordered two Government Accountability Office studies before passing reform. Federal Reserve Chairman Ben Bernanke has testified before Congress that he has all the information he needs to prepare final regulations on schedule with no need for delay.
Swipe fees, officially known as interchange fees, are a charge averaging 1-2 percent for debit cards and 2-3 percent for credit cards taken by banks each time a card is used to pay for a purchase. The fees have tripled over the past decade to about $50 billion a year, and drive up prices paid by consumers by an estimated $427 for the average household. Debit cards account for about $20 billion of the total.
Congress has yet to deal with credit card swipe fees but included swipe fee reform for debit cards in last year’s Wall Street bill. Regulations proposed by the Federal Reserve to implement the provision would lower debit card swipe fees from their current 1 to 2 percent of each transaction to a flat fee of no more than 12 cents per transaction for large banks that adhere to fee schedules set by the card companies. Banks that set their own rates would be free to charge any fee they believe the market would bear provided that they do so independently. Financial institutions with less than $10 billion in assets are exempt.
As the world's largest retail trade association and the voice of retail worldwide, NRF's global membership includes retailers of all sizes, formats and channels of distribution as well as chain restaurants and industry partners from the United States and more than 45 countries abroad. In the United States, NRF represents the breadth and diversity of an industry with more than 1.6 million American companies that employ nearly 25 million workers and generated 2010 sales of $2.4 trillion. www.nrf.com
Listen to Radio Ad at http://swipefees.nrf.com/ads

Disqus for ePayment News