UK BUSINESS RESORTS TO ‘FINGERS CROSSED’ Monday 22 January 2001 PDF Print -Half of UK companies rely on passwords to secure e-business transactions- 22nd January 2000: Research commissioned by De La Rue InterClear - the UK’s first commercial digital Certification Authority (CA), released this week, suggests that UK businesses still have widespread misunderstandings of trust, authentication and legal status in an online environment. A lack of understanding of the security tools and techniques available to address such issues is also revealed. - Nearly 20 per cent could not even name one piece of security technology - Nearly 50 per cent cited passwords ahead of any other security tools - Nearly 25 per cent has no plans to address security risks in the future The survey, completed in December 2000, which questioned over 300 large UK businesses, investigates the readiness of companies within the UK to deliver secure e-business services. The results indicate that whilst the security industry has finally convinced business decision makers to promote security in their e-business agenda, it is failing dismally to ensure coherent understanding of the risks and liabilities associated with e-business services. Whilst companies recognised the need for contracts to have legal status, they appear not to extend this same business sense to online e-business activities: - Nearly 20 per cent did not recognise legal status of e-transactions as important - Nearly 40 per cent of companies did not know if current e-transactions held legal status. "Companies are experiencing a major security blind spot. The ability to move business processes online securely seems to remain a mystery to the majority of UK organisations," said Bob Carter, MD of De La Rue InterClear. "This confusion is resulting in businesses making ill-informed and potentially damaging decisions about the processes and technologies available to authenticate e-business partners and secure their online business procedures." When asked to name what mechanisms they use to prove identify: - Nearly 50 per cent cited ‘passwords’ - 10 per cent cited digital certificates - 6 per cent cited emails - Over 20 per cent were either unsure or weren’t bothered! Only companies with a £5 million+ turnover and 200+ employees were approached. The survey findings are drawn from 290 telephone interviews of senior business decision -makers, across the manufacturing, retail, and pharmaceutical and telecommunications industries. Interestingly, dot.com companies were originally targeted, but not eventually included, as it became quickly apparent that their only means of checking identity was via credit cards. For a copy of the full report please contact Dawn Harnetty, Banner PR on 020 7349 2243 or firstname.lastname@example.org. De La Rue InterClear InterClear - A De La Rue Company - was established in 1997 as the UK’s first commercial digital Certification Authority (CA) to provide digital certificates authenticating individuals and companies using the Internet/Intranet/Extranet for transactions. De La Rue InterClear designs, builds and maintains outsourced trust networks that provide identity proof and authentication to manage and reduce the legal, brand and technical risks of exploiting digital technologies. InterClear enables companies to benefit from a PKI free from the financial and managerial burden of an in-house PKI, which demands the company to issue and manage its own certificates, and without the loss of control of an ‘open’ PKI solution that is based on third-party branded certificates often supplied by national utilities relying on inflexible technology, rules and regulations. InterClear is a wholly owned subsidiary of De La Rue Plc (www.delarue.com) - the world's largest commercial security printer and papermaker, involved in the production of over 150 national currencies. Media Contacts: Debby Penton/Dawn Harnetty Banner PR tel: 020 7349 2200 email: email@example.com This press release was distributed by ResponseSource Press Release Wire on behalf of Banner Corporation plc in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.