An Australian technology company has developed hardware which will solve the online world's multi-billion dollar headache: the total failure of software to security-proof computer systems against hackers and viruses.
Secure Systems will unveil its Silicon Data Vault technology to the world on November 30 at the E-Security Conference and Exposition in Arlington, Va.
During the two days of the conference, Secure Systems will issue the ultimate challenge, an invitation to personnel (hackers) who work only for Banking Institutions, Government Agencies, Military Organizations and E-Security companies, to crack the Silicon Data Vault technology:
Succeed and Secure Systems will donate US$10,000 to a recognized charity of the hacker's choice.
If no hacking attempt is successful, the Aussie company will donate US$1 million to the ``Make a Wish Foundation'' in the USA, out of the sales proceeds when a deal is consummated with a global technology operator to take the ground-breaking invention to full scale production and market introduction.
``We have gone beyond all current software technology to introduce to the world a unique, impenetrable hardware firewall,'' Mike Wynne, CEO of Secure Systems said.
``During the past four years our technology has been secretly tested under tightly controlled situations by military experts, international banks and universities and nobody has been able to crack it,'' he said.
Mr. Wynne said research had verified the security device was unique, with no known competitor. It employs a comprehensive design and manufacturing technology, which meant it could be brought to market very quickly.
``It can be fitted to all new computers and retro-fitted to existing computers, giving Silicon Data Vault an enormous captive market,'' he said.
``Software is just that - soft. But we approached this huge worldwide problem of computer security from an entirely different tact: that when hardware meets software, hardware wins.''
Silicon Data Vault technology embodies a certain amount of flexibility allowing for product evolution. It can be tailored to meet the specific needs of the banking and credit card industries, insurance companies, the military and private PC and laptop users.
``The bottom line is that Silicon Data Vault technology is a proven product which has gone beyond the concept stage to working prototypes and now ready-to-produce,'' Mr. Wynne said.
Mr. Wynne said Secure Systems' plans to negotiate a sale of the technology to a large player in the global computer technology industry, which has the capacity to take it to full production and market the product worldwide.
Secure Systems will unveil its Silicon Data Vault technology to the world on November 30 at the E-Security Conference and Exposition in Arlington, Va.
During the two days of the conference, Secure Systems will issue the ultimate challenge, an invitation to personnel (hackers) who work only for Banking Institutions, Government Agencies, Military Organizations and E-Security companies, to crack the Silicon Data Vault technology:
Succeed and Secure Systems will donate US$10,000 to a recognized charity of the hacker's choice.
If no hacking attempt is successful, the Aussie company will donate US$1 million to the ``Make a Wish Foundation'' in the USA, out of the sales proceeds when a deal is consummated with a global technology operator to take the ground-breaking invention to full scale production and market introduction.
``We have gone beyond all current software technology to introduce to the world a unique, impenetrable hardware firewall,'' Mike Wynne, CEO of Secure Systems said.
``During the past four years our technology has been secretly tested under tightly controlled situations by military experts, international banks and universities and nobody has been able to crack it,'' he said.
Mr. Wynne said research had verified the security device was unique, with no known competitor. It employs a comprehensive design and manufacturing technology, which meant it could be brought to market very quickly.
``It can be fitted to all new computers and retro-fitted to existing computers, giving Silicon Data Vault an enormous captive market,'' he said.
``Software is just that - soft. But we approached this huge worldwide problem of computer security from an entirely different tact: that when hardware meets software, hardware wins.''
Silicon Data Vault technology embodies a certain amount of flexibility allowing for product evolution. It can be tailored to meet the specific needs of the banking and credit card industries, insurance companies, the military and private PC and laptop users.
``The bottom line is that Silicon Data Vault technology is a proven product which has gone beyond the concept stage to working prototypes and now ready-to-produce,'' Mr. Wynne said.
Mr. Wynne said Secure Systems' plans to negotiate a sale of the technology to a large player in the global computer technology industry, which has the capacity to take it to full production and market the product worldwide.
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