Friday, November 15, 2013

Wave Systems Corp. (WAVX) Virtual Smart Card Solution Wins Homeland Security Award

Wave Systems Corp., the leading expert in reducing the complexity, cost, and uncertainty of data protection by making improvements inside of devices, announced today that the company’s Virtual Smart Card offering was awarded “Best Smart Card Solution” in the Government Security News’ Homeland Security Award competition. Wave has won this award two years running.

“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 feature added security and cost benefits while emulating the functionality of traditional smart cards. There are no added material or operational costs, such as the purchase and shipping of external physical smart cards and smart card readers, incurred by businesses because virtual smart cards are built into the device itself. Virtual smart cards cannot be lost or stolen because the Trusted Platform Module, standard equipment on business PCs, is directly embedded in the device. Enterprises also gain the increased security inherent in hardware-based security, guaranteeing corporate resources are only accessed by known devices and known users. Additionally, employees are never required to type domain credentials into their devices, improving user experience and reducing the time IT spends resetting forgotten passwords, while continuing to offer 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.

For further information, please visit www.wave.com

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