April 27, 2010
MELBOURNE, Fla., April 27. 2010--AuthenTec, a leading provider of security, identity management and touch control solutions, today announced security solutions for the Smart Grid Infrastructure, acquired through the Company’s purchase of SafeNet’s Embedded Security Solutions. AuthenTec’s TrueProtect product line can now provide standards-compliant authentication, confidentiality, and data integrity for companies and utilities that provide communications and networks for smart grid infrastructure.
“Security for smart grid networks is a must, and we have already secured our first Smart Grid design wins. AuthenTec’s security experience and proven technology for networks like mobile phone, Femtocell, IMS (IP Multimedia Subsystem), mobile TV, and VoIP are a solid foundation for extensions into the Smart Grid.”
The move towards smart grid technology is dramatically increasing due to ease of use and greatly reduced operating costs, combined with energy efficiency and independence. Although the advantages of smart grid technology are quite notable, the implications of a security breach are significant. Without adequate security measures, utilities may be vulnerable to fraud, service theft and process interruption (possibly leading to equipment damage and personal injury), affecting consumers facing unexpected service interruption and loss of data privacy. Utilities may be exposed to liability claims if they are not protecting consumer privacy in compliance with various laws. The deployment of strong security is needed to make a complete and reliable solution for de facto use of the smart grid infrastructure.
The vulnerability of the smart grid infrastructure to cyber-attacks is expected to drive a boom in cyber-security spending for utilities. According to a February 2010 report from Pike Research, the smart grid cyber security sector will increase from $1.2 billion in 2009 to $3.7 billion by 2015. During the period from 2010 to 2015, the research firm anticipates that a total of approximately $21 billion will be invested in global smart grid cyber security deployments.
Effective security requires end-to-end protection. AuthenTec’s unique combination of embedded hardware and software security solutions enables it to deliver integrated solutions addressing the needs of:
* Chip vendors building ASICs targeting the smart grid market
* Meter vendors adding smart functions to existing equipment and adding CPE gateway equipment to their product portfolios
* Utilities incorporating smart grid servers into their infrastructure
AuthenTec’s smart grid security solution offers a combination of communications protection to prevent eavesdropping and message manipulation, and platform security to prevent meter and other CPE equipment tampering.
“AuthenTec’s Embedded Security Solutions have been at the forefront of security for networks and innovative new technologies. By applying our expertise in carrier-grade security to the smart grid, we can help create a quicker path to convenient, secure, and cost-effective communications throughout the grid,” said Dr. Simon Blake-Wilson, AuthenTec Vice President of Embedded Security Solutions. “Security for smart grid networks is a must, and we have already secured our first Smart Grid design wins. AuthenTec’s security experience and proven technology for networks like mobile phone, Femtocell, IMS (IP Multimedia Subsystem), mobile TV, and VoIP are a solid foundation for extensions into the Smart Grid. ”
AuthenTec’s security solution for the smart grid integrates several existing TrueProtect products:
* QuickSec toolkits for clients and servers - the most broadly deployed carrier-grade IPsec software in the networking industry. QuickSec delivers the advanced levels of protection, reliability and performance mandated by OEM vendors and the latest industry standards.
* SafeXcel packet engines - hardware IP cores enabling chip makers to accelerate communications protection protocols to optimize performance and power consumption.
* SafeZone secure platform - combining hardware IP and middleware to realize hardware-based platform security features like secure boot, hardware protected key storage and utilization, and application separation.
TrueProtect products can be deployed independently or in combination with third party offerings, or deployed in combination to improve security and minimize time-to-market. For more information about AuthenTec’s smart grid solutions, visit the AuthenTec website at www.authentec.com/smart-grid.
AuthenTec provides security, identity management and touch control solutions for enterprise and consumer applications. The Company's smart sensor products and security solutions are used in virtually every aspect of life, from the PC on your desk to the mobile device in your hand to the server in the cloud. AuthenTec's newest generation of TruePrint® smart sensors, TrueSuite™ identity management software and TrueProtect embedded security products (formerly SafeNet Embedded Security Solutions) provide developers and users secure and convenient ways to manage today's rapidly evolving digital identities and security needs.
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