CertCo’s(TM) Certification System has been designated as eligible for procurement under the recent Broad Agency Announcement for the Key Recovery Demonstration Project (BAA), CertCo announced today. An interagency evaluation panel coordinated by the National Institute of Standards and Technology on behalf of several U.S. government agencies and departments approved CertCo products and services for use in government public key infrastructure and key recovery pilots related to the BAA project. Federal agencies will be able to procure CertCo products under the project until July 10, 1998.
The use of CertCo’s products will enable government agencies to issue digital signature certificates directly to their employees or to entities with which they conduct business. CertCo’s products offer the highest commercially available security through the use of key-splitting and distributed management and control techniques.
Potential applications include: limiting access to databases to authorized individuals or other computers. Providing authentication and non-repudiation for electronic transactions is critical for today’s world. Technology increases the management audit control process for automated and electronic transactions that substitute for paper documents and signatures in automated communications. Use of this technology facilitates the electronic handling of business transactions including bids, legal filings, travel vouchers, medical file security, confidential e-mail, and on-line purchases and money transfers.
CertCo’s Certification Authority is the technology previously selected to provide the root Certification Authority for the Secure Electronic Transactions (SET) infrastructure being implemented by MasterCard and Visa for Internet credit card transactions.
CertCo’s technology utilizes a secure split-key cryptography method called distributed Multi-Step Signing(TM), and tamper-resistant/tamper-evident hardware devices. These sophisticated cryptographic systems meet government and industry standards, and integrate with user applications to add trust, efficiency and security required for the World Wide Web and global network applications. As use of the Internet grows, financial transactions and other secure exchanges requiring authentication, non-repudiation and confidentiality will increasingly rely on public key infrastructure components provided by CertCo.
“Government agencies have long been aware that the use of open electronic commerce systems would allow them to eliminate paper, reduce costs, and improve responsiveness,” Ed Appel, Vice President of Government Relationships at CertCo, said. “Serious concerns about confidentiality and security have delayed widespread deployment of cost-effective solutions. The use of CertCo’s certification authority technology eliminates these roadblocks by assuring the integrity and security of transactions conducted on publicly- accessible systems. Federal agencies now have a green light to get on the information superhighway.”
CertCo, a leader in trustworthy electronic commerce, provides integrated business systems to establish the global trust infrastructure necessary to support rapid growth for electronic commerce. The company integrates its experience in cryptography, risk management, law, technology and banking, with its accomplished management team, to deliver fast, cost effective, electronic commerce business solutions.
CertCo’s technology enables banks, other financial institutions and government agencies to build a trust infrastructure to support large-scale, international, secure electronic commerce. Spun out from Bankers Trust in 1996, CertCo is headquartered in New York City, with regional offices in Albuquerque, NM, Cambridge, MA, Salt Lake City, UT, Washington, DC, and has representatives in the United Kingdom.
CertCo and Multi-Step Signing(TM) are trademarks of CertCo LLC. All other trademarks are the property of their respective companies.Details