Wave Announces FIPS-Mode Support for BitLocker Management

Wave Announces FIPS-Mode Support for BitLocker Management 
Advanced Capabilities That Extend the Capabilities of Microsoft MBAM 
LEE, MA -- (Marketwired) -- 04/08/13 --  Wave Systems Corp. (NASDAQ:
WAVX), the Trusted Computing Company, is offering enhanced FIPS-mode
management capabilities for enterprises seeking greater control and
easier management of Microsoft(R) BitLocker(TM), the full-disk
encryption feature on select versions of Vista, Windows 7 and Windows
8. FIPS refers to the Federal Information Processing Standard 140,
which is required for all cryptography procured and used by the U.S.
government and Department of Defense.  
"BitLocker(TM) has become increasingly popular as a more secure means
to encrypt data, but many organizations lack the expertise to fully
leverage BitLocker(TM) and the advanced FIPS settings built in," said
Brian Berger, Executive Vice President and CMO for Wave Systems. "A
FIPS-compliant BitLocker(TM) deployment is easy with Wave; users can
set policies with a click of a button, and monitor security from a
single console -- dramatically simplifying the roll out in mixed OS
environments by eliminating the need for specialized knowledge or
costly systems." 
Many government agencies, supply chain, and commercial organizations
that adhere to government's regulations require that BitLocker(TM) be
configured with FIPS enabled. Technically that means only the
strongest encryption algorithms are available and some of the simpler
recovery procedures cannot be used. FIPS mode is also becoming a
requirement in industries with particular security or privacy
concerns such as banking, automotive and healthcare. 
Administration Beyond MBAM
 While the security and compliance
benefits of BitLocker(TM) are evident to a growing number of
organizations -- notably within government -- the lack of a central
management solution has presented a roadblock to adoption. For basic
management of BitLocker(TM) deployments, MBAM (Microsoft(R)
BitLocker(TM) Administration & Monitoring) provides a help desk and
reporting interface (available to those who purchase seat licenses
for Microsoft Desktop Optimization Pack). Wave management solutions
go beyond help desk and reporting by giving administrators the
ability to remotely manage clients, to enabl
e or disable encryption
and to check encryption status. For environments where security is
paramount, Wave provides a simple interface to create a BitLocker(TM)
startup token that can be used in conjunction with the Trusted
Platform Module (TPM) to implement a split-key deployment. In such a
deployment a data can only be decrypted after the user has inserted
the startup token and then unlocked the TPM with a PIN. 
Wave for BitLocker(TM) Management organizes the core Microsoft
capabilities into a simple and intuitive administrative application
for setting up and maintaining BitLocker(TM) clients. Wave eliminates
the cost and complexity associated with creating custom scripts and
Active Directory schema extensions and its console makes it easy to
initialize, configure and administer deployment of BitLocker(TM)
clients. Time and resource-strapped IT departments have a powerful
tool for: 


 
--  Remote discovery and activation of BitLocker(TM) client machines
--  Zero touch deployment and management of the TPM
--  Assignment of users and associated policies (using existing Microsoft
    Active Directory frameworks)
--  Secure recovery of passwords (with audit recording of their usage)
--  Monitoring of all BitLocker(TM) events -- from activation and policy
    management, to user access/recovery and help desk functions.
--  Security and compliance reporting -- for a secure record of proof that
    data was protected in the event a PC is lost or stolen.

  
Single Console for BitLocker(TM) AND Trusted Computing 
 BitLocker(TM)
offers even greater protection when used in conjunction with the TPM,
which ships as a standard component on business-class PCs, laptops
and Windows 8 mobile tablet devices. Transparent to the user, the TPM
adds hardware protection for encryption keys and recovery passwords,
extending BitLocker(TM) security to protect data and ensure that an
organization's PCs or devices have not been tampered with. On
computers that have a TPM version 1.2, BitLocker(TM) uses the TPM to
help ensure that data is accessible only if the computer's boot
components appear unaltered, and the encrypted disk is located in the
original computer. When using Wave, the TPM is not reserved
exclusively for BitLocker(TM). It can also be used for device
identity, machine health and hardware protected user identities.
Modern malware attacks are making these security capabilities
increasingly essential.  
Wave for BitLocker(TM) Management console allows remote management of
the OPAL-compliant SEDs in all your devices (OPAL-1 as well OPAL-2,
standards from the Trusted Computing Group). Wave Endpoint Monitor
(WEM) complements the security of BitLocker and SEDs and provides
digitally signed proof of the endpoint's health. By continuously
monitoring the state of the machine s, measurements generated by Wave
leveraging the TPM chip, WEM is able to generate alerts if a local
administrator or a piece of malicious code disables encryption, BIOS
or changes to the master boot record (MBR).  
To learn more about wave's simple, cost-effective government
solutions, including BitLocker, TPM and SED management, visit
www.wave.com.  
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.  
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. 
All brands are the property of their respective owners. 
Company: 
Wave Systems Corp. 
Michael Wheeler 
413-243-7026 
mwheeler@wavesys.com 
Investor Relations:
David Collins
Eric Lentini
212-924-9800
wavx@catalyst-ir.com 
 
 
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