Route1 Comments on the Impact of Recent, Significant Data Security Events
23 Aprile 2014 - 3:57PM
Route1 Inc. (TSX-V:ROI), a leading provider of secure access
technologies for the mobile workspace that protects businesses and
government agencies and whose customers include the U.S. Department
of Defense, the Department of Homeland Security, the Department of
Energy and the Government of Canada, today released a statement on
recent, important developments pertaining to corporate data
security and Enterprise Mobility Practices.
NJ Court
Ruling: FTC Authority On April 7, 2014, U.S. District
Judge Esther Salas of New Jersey affirmed that the Federal Trade
Commission could proceed with its lawsuit against Wyndham Worldwide
Corp. as a result of the company's failure to safeguard customer
information, which resulted in multiple breaches of personal
information. The ruling is a significant step towards holding
organizations legally liable for failing to implement and enforce
proper security controls for sensitive data. As part of its thought
leadership program, Route1 routinely speaks with its senior-level
government and private sector clients to identify trends and
emerging challenges in the market. As a result of these
interactions Route1 issued a white paper on the possible legal
implications of BYOD security policy in September 2013. Judge
Salas' decision reinforces the assertions made in the white paper:
poor data security policy will ultimately lead to legal action
against an organization. Tony Busseri, Route1 CEO, noted,
"The New Jersey court's ruling confirms our assertion that legal
consequences are a very concrete risk that organizations accept
when settling for inadequate data security measures. As
evidenced by Judge Salas' decision, proper technological controls
must be put in place to ensure the security of sensitive
information. Information Security can affect the financial
well-being of the entire organization and thus ceases to simply be
an IT function. Boards and executive management teams can no
longer ignore the topic." In pursuit of increased
productivity enterprise mobility initiatives are often rolled out
without proper consideration of the two most common risk vectors
leading to data breaches: Lost or stolen devices and USB sticks on
one side, and the propagation of malware or viruses via compromised
remote assets on the other side. Reducing these risks through
policy has proven to be ineffective. Instead we are seeing
organizations seeking to implement technology that allows them to
unlock the productivity gains of BYOD and mobile access while
neutralizing these risk vectors. High assurance access to
enterprise resources can be enabled without actually downloading
data to the remote devices. This way all sensitive data stays
within the enterprise network and its established security
controls. The cost effectiveness of this approach is
self-evident. Instead of spending time and money on managing
and controlling the remote asset, you simply ensure its identity,
restrict its access and never let it cache or download anything.
The Heartbleed Bug: The end of single factor
authentication The New Jersey Court's decision
coincides with the recent discovery of the widespread Heartbleed
Bug. The Heartbleed Bug is a flaw in the OpenSSL open-source
encryption implementation that is used across roughly two-thirds of
available Internet services and websites. The full extent of
the fallout from the Heartbleed Bug is still unfolding, but it
poses the very real possibility that untold millions of usernames
and passwords, that were used only once with a vulnerable internet
service are now in the hands of malicious parties. Mr.
Busseri continued, "Verizon just released its 2013 Data Breach
Investigation Report and confirms that stolen passwords are used by
hackers in the majority of data breaches. With Heartbleed we
now have a situation where you need to assume that all of the
limited number of passwords your employees use have been
compromised on a web service that uses OpenSSL. Accordingly,
you have to implement multifactor authentication when granting
mobile access to corporate data. This is now a priority that
simply cannot wait. Our customers continue to believe that
integration of smart card technology is the easiest, most
user-friendly, reliable and cost effective way to do so."
MobiKEY, Route1's flagship technology, meets all the named
requirements. It features a smartcard enabled, cryptographic
USB device or smartcard reader to ensure that employees leave no
trace or evidence of their computing session when remotely
accessing sensitive data. All enterprise files stay within the
corporate network, simplifying security policy
enforcement. Most importantly, MobiKEY does not require any
changes to your IT infrastructure; instead it integrates with
deployed technologies and can be rolled out in a matter of hours.
If a MobiKEY is lost or stolen, enterprise networks cannot
be compromised in any way – unlike other portable devices that can
be used to store sensitive data and can easily put organizations at
risk. Just as a cell phone service can be suspended or
cancelled when loss or theft occurs, digital certificates issued to
MobiKEY can be temporarily suspended or revoked. By
providing airtight protection against data loss, MobiKEY enables
organization to unlock the productivity gains of BYOD and mobile
access without exposing them to the embarrassing and costly effects
of prolonged litigation. Ultimately, MobiKEY provides
enterprises with stability – technologically, legally and
financially. Mr. Busseri adds, "Complex times do not require
complex solutions but rather simple ones that directly address the
core problems of data security. Keeping sensitive data within
the enterprise network via MobiKEY is such a solution.
MobiKEY unlocks the productive gains that mobility promises without
exposing organizations to the risk of data loss or litigation."
ABOUT ROUTE1, INC.
Route1 enables the mobile workspace without compromising on
security. Its flagship technology MobiKEY uniquely combines secure
mobile access, with high assurance identity validation and
plug-and-play usability. Remote and mobile workers are able to
securely and cost effectively access their workspace from any
device without exposing the organization to the risk of data
spillage or malware propagation. MobiKEY customers include Fortune
500 enterprises as well as the U.S. Department of Defense, the
Department of Homeland Security, the Department of Energy and the
Government of Canada. Headquartered in Toronto, Canada, Route1 is
listed on the TSX Venture Exchange. For more information,
visit our website at: www.route1.com.
For More Information Contact: Tony Busseri, CEO +1
416 814-2635 tony.busseri@route1.com This news release,
required by applicable Canadian laws, does not constitute an offer
to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available. Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. © Route1 Inc.,
2014. All rights reserved. Route1, the Route1 and shield design
Logo, SECURING THE DIGITAL WORLD, Mobi, MobiSecure, MobiLINK,
Route1 MobiKEY, Route1 MobiVDI, MobiKEY, MobiKEY IBAD, DEFIMNET,
MobiNET, Route1 MobiNET, TruOFFICE, TruFLASH, TruOFFICE VDI,
MobiKEY Fusion, MobiNET Aggregation Gateway, MobiNET Switching
Array, MobiNET Secure Gateway, EnterpriseLIVE, EnterpriseLIVE
Virtualization Orchestrator, MobiNET Agent, MobiKEY Classic and
MobiKEY Classic 2, are either registered trademarks or trademarks
of Route1 Inc. in the United States and or Canada. All other
trademarks and trade names are the property of their respective
owners. The DEFIMNET and MobiNET platforms, the MobiKEY, MobiKEY
Classic, MobiKEY Classic 2 and MobiKEY Fusion devices, and MobiLINK
are protected by U.S. Patents 7,814,216 and 7,739,726, Canadian
Patent 2,578,053, and other patents pending. Other
product and company names mentioned herein may be trademarks of
their respective companies.
CONTACT: Tony Busseri, CEO
416.814.2635
tony.busseri@route1.com
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