SOURCE: Wave Systems Corp.

Wave Systems Corp.

October 11, 2010 07:30 ET

Wave Chief Scientist Robert Thibadeau to Discuss Compliance and Hardware Encryption at Storage Network World

LEE, MA--(Marketwire - October 11, 2010) -  Wave Systems Corp. (NASDAQ: WAVX) (www.wave.com) announced today that Chief Scientist Robert Thibadeau, PhD, will address hardware encryption and compliance at Storage Networking World's (SNW) Fall 2010 Conference held at the Gaylord Texan, in Dallas on October 12. Dr. Thibadeau, also Chairman of the Trusted Computing Group's Peripherals and Storage Workgroups, will present "Industry Perspective: Compliance and Self-Encrypting Drives." The presentation will discuss the changing regulatory landscape and how the use of properly managed hardware-based encryption -- built on the standards set forth by the Trusted Computing Group -- can help companies achieve compliance. 

WHAT:
Data Security Track: "Industry Perspective: Compliance and Self-Encrypting Drives"

WHEN:
October 12th, 2010, from 3:05 pm to 3:50 p.m.

WHERE:
Storage Networking World's Fall Conference at the Gaylord Texan Hotel, Dallas, TX.

As a result of the growing threat from increased data breaches, new laws now require public disclosure when a breach occurs. Forty-five states impose fines on companies for non-disclosure or delayed notification of breaches. Most laws, however, contain "Safe Harbor" provisions for organizations that can prove their customer or patient information was encrypted on a PC that was lost or stolen.

"Ultimately, provable encryption is the true standard for compliance," commented Dr. Thibadeau. "Unless and until enterprises can demonstrate with reasonable certainty the existence of auditable controls supporting the assertions of encryption for compliance purposes, they will be susceptible to legal challenges." 

Dr. Thibadeau's presentation will:

  • Cover the technical specifics behind how self-encrypting drives operate.
  • Show how properly encrypted hardware can more effectively prevent the loss of sensitive data and the repercussions of such loss.
  • Explore the advantages offered by hardware as opposed to software encryption; most importantly the assurance that unauthorized end users do NOT have the ability to disable encryption.
  • Explore the requirements of "Notice of Breach" laws. Discussion of HIPAA and HITECH, as well as NIST 800-111, which stipulates "Organizations should use centralized management for all deployments of storage encryption."
  • Outline advanced capabilities of self-encrypting drives, including "Shadow MBR" and self-healing.

Produced by Computerworld, SNW brings together top information technology executives, leading product and service providers and key industry influencers for the world's largest conference focused on managing information infrastructure. SNW features more than 120 educational sessions and presentations by top IT management experts covering today's hottest IT topics -- from cloud computing to energy efficient data centers to virtualization to storage.

As Senior Vice President and Chief Scientist at Wave Systems, Dr. Robert Thibadeau is a frequent speaker sharing expertise from his industry leadership -- driving advancements in security, encryption and storage technologies. Prior to joining Wave, he was Chief Technologist at Seagate Technology, LLC, and developed the drive innovation now known as self-encrypting drives. Thibadeau was also the Chair of the Storage Workgroup in the Trusted Computing Group, and a founding director of the Robotics Institute at Carnegie Mellon University.

About Wave Systems Corp.
Wave provides software to help solve critical enterprise PC security challenges such as strong authentication, data protection, network access control and the management of these enterprise functions. Wave is a pioneer in hardware-based PC security and a founding member of the Trusted Computing Group (TCG), a consortium of more than 100 companies that forged open standards for hardware security. Wave's EMBASSY® line of client- and server-side software leverages and manages the security functions of the TCG's industry standard hardware security chip, the Trusted Platform Module (TPM) and supports the TCG's "Opal" self-encrypting drive standard. Self-encrypting drives are a growing segment of the data protection market, offering increased security and better performance than many existing software-based encryption solutions. TPMs are included on an estimated 300 million PCs and are standard equipment on many enterprise-class PCs shipping today. Using TPMs and Wave software, enterprises can substantially and cost-effectively strengthen their current security solutions. For more information about Wave and its solutions, visit http://www.wave.com.

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.

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