|By Marketwired .||
|July 22, 2014 09:35 AM EDT||
LEE, MA--(Marketwired - July 22, 2014) - Sophisticated hacking techniques have left businesses more vulnerable than ever while rendering traditional authentication methods inadequate to protect them. That's why Wave Systems Corp. (NASDAQ: WAVX) today unveiled a new kind of virtual smart card that offers stronger authentication at significantly less cost than traditional second-factor authentication options.
A live webcast of the launch is available on wave.com at 2 p.m. EDT today.
The Wave Virtual Smart Card 2.0 is the industry's only enterprise-grade virtual smart card management solution that works on Windows 7. It also supports Windows 8 and 8.1. Wave's new solution emulates the functionality of physical smart cards or tokens, but offers greater convenience to users, lower total cost of ownership, and a reduced risk of unauthorized use.
Businesses need to adopt virtual smart cards because today's security landscape is riddled with data breaches, and recent hacks have shown that current authentication methods are flawed. Passwords are easy to crack, difficult to remember and expensive to manage. While tokens and physical smart cards may provide strong security, the costs to purchase, maintain and replace them when lost or damaged can quickly rise.
Organizations that deploy Wave Virtual Smart Card 2.0 gain the security of smart card authentication while eliminating the problem of lost or stolen tokens and physical smart cards, resulting in lower costs and fewer help desk incidents. Many large companies report that more than 30% of physical smart cards and tokens must be replaced each year. By switching to virtual smart cards, these companies can save those costs and often 50% or more on the total authentication solution.
How it works
The Wave solution conveniently provisions virtual smart cards to users' devices from a central management server, using the Trusted Platform Module (TPM) security chip as the security foundation for each virtual smart card. The chip's capabilities include the secure storage of credentials such as keys and certificates. These TPM chips have been shipping on most business computers for much of the last decade, with hundreds of millions shipped to date.
The Wave Virtual Smart Card 2.0 solution takes the user identity of the individual and binds it to the unique device identity generated by the TPM chip in the devices that are associated with that user. Even if a hacker were to gain access to the user's valid user credentials, without the device ID credential from one of that user's known and trusted devices, the authentication and access to the environment or application that they were trying to gain access to would be denied. This means that a hacker would have to gain physical control of the targeted user's device, crack the security on the device, and then submit the valid user credentials from that device before its loss is noticed and its access is turned off.
Virtual Smart Card 2.0 enables the enterprise to easily provision, manage and support virtual smart cards for its users. Virtual smart cards provide an attractive and convenient path to increased security over usernames and passwords without the added costs of managing physical smart cards and smart card readers.
Wave Virtual Smart Card 2.0 gives IT the ability to:
- Remotely create and delete virtual smart cards
- Provide help desk-assisted recovery
- Configure PIN and card policies
- View the status of virtual smart cards and enrolled certificates
- Generate reports for compliance
- Support virtual smart cards on laptops, tablets and desktops with TPM 1.2 or TPM 2.0
"With Wave Virtual Smart Card 2.0, enterprises can avoid many of the headaches of traditional authentication technologies with the same security as using physical smart cards in a PKI environment," said Bill Solms, CEO of Wave. "Virtual smart cards are less expensive to manage, easier and faster to deploy and effectively address the problem of lost or stolen tokens."
"DMI has a long history working with Wave Systems to advance the state-of-the-art in IT security," said Jay Sunny Bajaj, president and CEO of DMI, a global leader in enterprise mobile solutions and Wave Solutions Partner. "Wave's new Virtual Smart Card 2.0 enables us to save our clients money, improve and future-proof their IT security, and enhance the user experience all at the same time."
Wave's virtual smart card solution can help organizations comply with key regulations such as PCI, HIPAA and FFIEC. Many of these regulations require organizations to implement two-factor authentication methods to verify users' identities when remotely connecting to a network.
To learn more and to view today's product release webinar (2 p.m. EDT), visit www.wave.com.
About Wave Systems
Wave Systems Corp. (NASDAQ: WAVX) reduces the complexity, cost and uncertainty of data protection and authentication by starting inside the device. Unlike other vendors who try to secure information by adding layers of software for security, Wave leverages the security capabilities built directly into endpoint computing platforms themselves. Wave has been a foremost expert on this growing trend, leading the way with first-to-market solutions and helping shape standards through its work as a board member for the Trusted Computing Group.
Safe Harbor for Forward-Looking Statements
This press release may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Wave assumes no duty to and does not undertake to update forward-looking statements.
All brands are the property of their respective owners.
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...
Sep. 1, 2015 04:30 PM EDT Reads: 384
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
Sep. 1, 2015 04:15 PM EDT Reads: 429
WSM International, the pioneer and leader in server migration services, has announced an agreement with WHOA.com, a leader in providing secure public, private and hybrid cloud computing services. Under terms of the agreement, WSM will provide migration services to WHOA.com customers to relocate some or all of their applications, digital assets, and other computing workloads to WHOA.com enterprise-class, secure cloud infrastructure. The migration services include detailed evaluation and planning...
Sep. 1, 2015 04:00 PM EDT Reads: 194
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
Sep. 1, 2015 04:00 PM EDT Reads: 205
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
Sep. 1, 2015 03:00 PM EDT Reads: 439
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
Sep. 1, 2015 03:00 PM EDT Reads: 508
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so the...
Sep. 1, 2015 02:45 PM EDT Reads: 136
In 2014, the market witnessed a massive migration to the cloud as enterprises finally overcame their fears of the cloud’s viability, security, etc. Over the past 18 months, AWS, Google and Microsoft have waged an ongoing battle through a wave of price cuts and new features. For IT executives, sorting through all the noise to make the best cloud investment decisions has become daunting. Enterprises can and are moving away from a "one size fits all" cloud approach. The new competitive field has ...
Sep. 1, 2015 02:45 PM EDT
Everyone talks about continuous integration and continuous delivery but those are just two ends of the pipeline. In the middle of DevOps is continuous testing (CT), and many organizations are struggling to implement continuous testing effectively. After all, without continuous testing there is no delivery. And Lab-As-A-Service (LaaS) enhances the CT with dynamic on-demand self-serve test topologies. CT together with LAAS make a powerful combination that perfectly serves complex software developm...
Sep. 1, 2015 02:30 PM EDT Reads: 210
The Internet of Things is in the early stages of mainstream deployment but it promises to unlock value and rapidly transform how organizations manage, operationalize, and monetize their assets. IoT is a complex structure of hardware, sensors, applications, analytics and devices that need to be able to communicate geographically and across all functions. Once the data is collected from numerous endpoints, the challenge then becomes converting it into actionable insight.
Sep. 1, 2015 01:00 PM EDT
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and a...
Sep. 1, 2015 12:45 PM EDT Reads: 474
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Sep. 1, 2015 12:30 PM EDT Reads: 909
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
Sep. 1, 2015 12:30 PM EDT Reads: 257
Enterprises can achieve rigorous IT security as well as improved DevOps practices and Cloud economics by taking a new, cloud-native approach to application delivery. Because the attack surface for cloud applications is dramatically different than for highly controlled data centers, a disciplined and multi-layered approach that spans all of your processes, staff, vendors and technologies is required. This may sound expensive and time consuming to achieve as you plan how to move selected applicati...
Sep. 1, 2015 12:30 PM EDT
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...
Sep. 1, 2015 12:15 PM EDT Reads: 249