Government Security News Singles Out Wave's Virtual Smart Card Solution for
Homeland Security Award
LEE, MA -- (Marketwired) -- 11/15/13 -- Wave Systems Corp. (NASDAQ:
WAVX)'s Virtual Smart Card offering has been named winner of the
Government Security News' (GSN) Homeland Security Award competition
in the "Best Smart Card Solution" category. This is the second
consecutive year that Wave has won this award.
"We're honored to be recognized by Government Security News as the
only vendor offering a complete virtual smart card solution for
today's enterprise -- and, importantly, one that is compatible with
Windows 7, 8 and 8.1," said Bill Solms, CEO of Wave Systems. "We see
virtual smart cards as a disruptive technology in the user
authentication market, offering a more secure and cost effective
alternative over more mature technologies."
Virtual smart cards emulate the functionality of traditional smart
cards, but offer added security and cost benefits. Businesses do not
incur added material or operational costs (such as the purchase and
shipping of external physical smart cards and smart card readers)
because virtual smart cards are built into the device itself. Because
of an embedded security chip called a Trusted Platform Module (TPM),
which is standard equipment on business PCs, virtual smart cards
cannot be lost or stolen. Additionally, enterprises gain the added
security afforded by hardware-based security, ensuring that only
known devices and known users are allowed access to corporate
resources. Convenience is another benefit -- employees never have to
type domain credentials into their devices, improving user experience
and reducing the time IT spends resetting forgotten passwords, while
offering protection against credential theft.
"We judged an outstanding group of entries this year," said Adrian
Courtenay, Managing Partner, Government Security News. "We're proud
to announce that this year's winners will be showcased in a digital
edition of Government Security News, which will reach more than
40,000 subscribers -- a well-deserved honor for Wave Systems and all
of this year's award recipients."
Sponsors for GSN's 2013 homeland security awards program included BRS
Labs, Cardinal Point Strategies, Objectivity, Vanguard Integrity
Professionals and Wave. For a complete list of finalists and
pre-emptive winners, visit: www.gsnmagazine.com
About Wave Systems
Wave Systems Corp. 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 is
a leading expert in this growing trend and is leading the way with
first-to-market solutions and helped shape standards through its
board seat on the Trusted Computing Group.
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Wave Systems Corp.
David Collins, Eric Lentini
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