Wave Joins the FIDO Alliance
08 March 2014 - 12:25AM
Marketwired
Wave Joins the FIDO Alliance
Wave Joins Industry Heavyweights Google, Lenovo, MasterCard,
Discover, Microsoft, PayPal and Others to Deliver Open Standards
for Strong Authentication
LEE, MA--(Marketwired - Mar 7, 2014) - Wave Systems Corp.
(NASDAQ: WAVX) today announced that it has joined the FIDO (Fast
IDentity Online) Alliance, an industry consortium revolutionizing
online authentication.
FIDO members commit to sharing technology and collaborating on
the development of open specifications for universal strong
authentication that enables FIDO-compliant authentication methods
to be interoperable, more secure, private and easy to use.
"We're pleased to join the industry's most well-respected and
forward-thinking technology and security companies in creating a
more secure online experience for our customers," said Bill Solms,
CEO of Wave Systems. "Wave stands behind the FIDO Alliance's
mission of creating stronger, easier-to-use forms of authentication
to bolster security efforts and looks forward to advancing this
vision."
FIDO specifications will support a full range of authentication
technologies, including biometrics such as fingerprint and iris
scanners, voice and facial recognition, as well as existing
technologies, such as Trusted Platform Modules (TPM), USB security
tokens, smart cards, Bluetooth low energy (BLE) and Near Field
Communication (NFC). The open specifications will be extensible and
designed to accommodate future innovation, as well as protect
existing investments. FIDO specifications allow the interaction of
technologies within a single infrastructure, enabling security
options to be tailored to the distinct needs of each user and
organization.
"It's a pleasure to welcome Wave Systems to the FIDO Alliance,"
said Michael Barrett, President of the FIDO Alliance. "Wave has
long been a strong advocate of the use of embedded hardware
security built on industry standards as the cornerstone for
identity, and is a natural fit for the Alliance."
Publicly launched in February 2013, the FIDO Alliance has grown
its membership significantly, reaching over 100 members in its
first year, and is continuing to expand its coalition with the most
recent addition of Wave Systems.
By helping to develop the technical standard, and planning and
executing the alliance's marketing, certification and deployment
programs, members advance how authentication is evolving to ensure
a robust a secure online future. Members of the FIDO Alliance
include Google, BlackBerry and Microsoft, among other technology
organizations.
About Wave Systems Wave Systems Corp. (NASDAQ: WAVX) reduces the
complexity, cost and uncertainty of data protection 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.
About The FIDO Alliance The FIDO (Fast IDentity Online)
Alliance, www.fidoalliance.org, was formed in July 2012 to address
the lack of interoperability among strong authentication
technologies, and remedy the problems users face with creating and
remembering multiple usernames and passwords. The Alliance plans to
change the nature of authentication by developing standards-based
specifications for simpler, stronger authentication that define an
open, scalable, interoperable set of mechanisms that reduce
reliance on passwords. FIDO authentication is stronger, private,
and easier to use when authenticating to online services.
The FIDO Alliance Board of Directors includes leading global
organizations: BlackBerry®; CrucialTec (KRX: 114120); Discover
Financial Services (NYSE: DFS); Google; Lenovo; MasterCard (NYSE:
MA); Microsoft (NASDAQ: MSFT); Nok Nok Labs, Inc.; NXP
Semiconductors N.V. (NASDAQ: NXPI); Oberthur Technologies OT;
PayPal (NASDAQ: EBAY); RSA®; Synaptics (NASDAQ: SYNA); Yubico.
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Company: Wave Systems Corp. Michael Wheeler 413-243-7026
mwheeler@wave.com Investor Relations: David Collins, Eric Lentini
212-924-9800 wavx@catalyst-ir.com