New Offering of iKey Enables Authentication for Windows 2000 Applications and PKI
IRVINE, Calif., March 13, 2002 – Rainbow eSecurity, a Rainbow Technologies, Inc., (Nasdaq: RNBO) company and a leading solutions provider of digital content and transaction security, announced today that it has developed a new offering of its iKey 2032 USB security token. The new product bundle, called iKey for Windows 2000, provides increased convenience of security for Windows 2000 security services including secure log-on, secure e-mail and Web access, file encryption, and remote access with support for popular public key infrastructure (PKI) environments. The offering is ideal for laptop users, allowing them to totally secure the information held on their laptops and enable them to digitally sign e-mails and use PKIs.
The new product bundle uses the functionality in Windows 2000 that accepts user logons from token devices without the need for any reconfiguration. The iKey is a compact and durable token, which plugs directly into the USB port on the laptop and can be stored on a key ring, making it very convenient for workers on the move. Rainbow’s iKey USB authentication tokens are the world’s market share leader with 35 percent of the $6 million market in 2000, according to International Data Corp. (IDC).
According to IDC, an estimated 28 million people will telework in Western Europe by 2005. This dramatic increase in teleworking means that more people are using their laptops to store critical corporate data and applications, or connect to corporate networks than ever before. This has led to a corresponding increase in laptop theft, losses and unauthorized access to corporate networks. Additionally, the Data Protection Act makes organizations responsible to ensure that sensitive information, such as individual contact details, are stored securely. This means that organizations must move beyond the traditional “username and password” security systems, which are highly vulnerable, to a two-factor authentication system that employs something you know – a password – along with something you hold – a token.
“We are seeing an increasing numbers of IT directors who need to rapidly roll out stronger security technologies that users can easily use,” said Jay Cunningham, director of product management, Rainbow eSecurity. “The iKey solves their problems because it is easy to install and use, with no extra passwords for users to forget. Equally important to the network managers is that the administration is straightforward. The product has been designed to be as unobtrusive as possible while providing the user with stronger security when they use Windows 2000.”
“We have found the iKey 2000 series to be a highly effective security solution for PKI and we are eager to expand the use of this device in our Windows 2000 environments,” said Allen Gwinn, senior director of technology, SMU’s Cox School of Business, Dallas, Texas. “We’re using the iKey for secure access to an information portal for the University’s server infrastructure and we hope to expand access by students for particular applications.”
The iKey 2000 series, of which the iKey for Windows 2000 bundle is part, is ideal in environments where on-board private key signing and storage is critical. The iKey 2000 series supports enterprise, business-to-business and business-to-consumer applications built on all major PKI systems, including: Entrust, CA eTrust PKI, Microsoft (Internet Explorer and Outlook), Netscape, Baltimore, Verisign, Aventail, KyberPASS and many others. The iKey 2000 works out of the box with all of these PKI environments. The iKey for Windows 2000 recently earned FIPS 140-1 Level 2 certification from the National Institute of Standards and Technology (NIST).
The iKey for Windows 2000 bundle will be available immediately; call Rainbow for pricing. The bundle consists of five iKey 2032s, USB cable, CD with all software, and manuals, and is targeted for pilot installations.
About Rainbow Technologies
Founded in 1984, Rainbow Technologies is a leading provider of information security solutions for the Internet, eCommerce, mCommerce, content protection, software distribution and high-assurance communications. Rainbow applies its core technology to a variety of Internet applications including software security; custom high-assurance security hardware; complete eBusiness services; and content/transaction security solutions over corporate networks, VPNs and the Internet. Rainbow’s products include: secure Web server acceleration solutions; anti-piracy and Internet software distribution solutions; PKI-based security solutions; voice, data and satellite information security and authentication solutions; and USB-based Web authentication tokens. With headquarters in Irvine, Calif., Rainbow eSecurity maintains offices throughout the United States, United Kingdom, France, Germany, Australia, Japan, China, India, The Netherlands, Brazil, Mexico and Taiwan. A network of nearly 80 authorized distributors sells Rainbow products worldwide. For more information, visit the Web site at http://www.rainbow.com
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The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements, certain of which are contained in this press release and include, but are not limited to, security solutions, I-key functionality and deployment, two-factor authentication applications, and competitive landscape. These statements speak only as of the date made and are subject to various risks and uncertainties that could impact actual results