SOURCE: Wave Systems Corp.

Wave Systems Corp.

May 15, 2013 11:45 ET

Scrambls Wins 'Cloud Innovation' Category at Computer Weekly European User Awards

LONDON--(Marketwired - May 15, 2013) - Wave Systems (NASDAQ: WAVX), the Trusted Computing Company, announced today that Scrambls has been named winner of the 'Cloud Innovation' category for the prestigious Computer Weekly European User Awards for Security 2013. The winners were announced on May 3rd following verdicts from a panel of independent judges in Europe.

The Computer Weekly European User Awards for Security recognise innovation in information security and IT risk management. Entries were required to demonstrate innovation in areas such as driving reduction in cyber crime and overall losses, corporate security, physical security, risk management, and data security with a clear description on how IT has been utilised to improve business or service security.

"As businesses face ever greater threats that compromise their information security, they need the IT industry to innovate with technology to help counter those threats," said Bryan Glick, Editor-in-chief, Computer Weekly. "Through the Computer Weekly European User Awards for Security, we wanted to recognise and reward the best examples of innovation -- the great ideas that turn into products that deliver real value to their users. It's a great credit to Wave Systems that Scrambls impressed our independent judges so much in what was a very competitive category."

"As BYOD leads to BYOA [Bring Your Own Apps], an organization runs the risk of information assets being dispersed across multiple consumer-grade apps with little in-built security," said Clive Longbottom, founder of the analyst consultancy firm Quocirca and an awards panellist. "Through the use of an in-flight encryption capability and granular role -- and individual-based security that works with any of these systems, enterprise information security can be placed around the information assets. Scrambls is making this as simple as possible through its integration into the standard desktop and the capability to embed its service directly into other mobile apps."

"Computer Weekly is an extremely reputable source of information for the IT and security industries, and it is great for Scrambls to be recognised as an innovative and pioneering tool for protecting social media privacy," said Joseph Souren, Vice President and General Manager, EMEA, Wave Systems. "The use of enterprise social media is becoming increasingly prevalent within today's enterprise market. It is therefore essential that proactive steps are taken to ensure that information isn't compromised. The encryption capability technique provided by Scrambls serves to do just that."

Scrambls takes a fresh approach to the conditional access of data that is posted to the web and stored in the cloud. The Scrambls service protects data in motion and shared in the cloud by establishing persistent controls over each individual post and file published. The user sets access rules for content ranging from simple restrictions to elaborate criteria. These rules can be updated over time, modifying access based on changing business needs and evolving regulatory requirements.

Winners will be profiled in case studies in Computer Weekly, and will be invited to attend the awards ceremony at the end of the year.

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.

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