PKI STILL STUMBLING ALONG Friday 2 February 2001 PDF Print - A recent survey of leading UK business reveals the truth behind analyst predictions - London - February 1st, 2000: At a security conference last week, nearly 60 per cent of delegates - which included representatives from banking, the top five consultancies and multi-nationals in the UK - cited 'ignorance' as the greatest hurdle for Public Key Infrastructure (PKI) adoption. The survey, organised by De La Rue InterClear, also shows a disparity in opinion between analysts who predict 2001 as the PKI boom year, and key business decision-makers - who suggest the contrary. Confusion surrounding PKI is partly blamed on the media. 74 per cent of delegates accuse the media of reporting security issues 'inaccurately'. Opinion of sales pitches from suppliers followed in the same vein, with 43 per cent regarding vendor pitches as 'too complex'. The findings strongly suggest that while the issues are being discussed, understanding is not being improved as a result. Verena Salzmann, e-business consultant at Datamonitor, said "Companies want to expand in a safe environment. However, what is often unclear is the level of security they need and what technologies can give that security. PKI is the technology that provides the most comprehensive levels of security, but many businesses have yet to understand the technology and its benefits and the possibility of achieving a positive return on investment." "While trust is still an issue for e-business, the move online by businesses will happen at a crawl," said Bob Carter, MD at De La Rue InterClear. "Businesses are learning by each others’ mistakes, and their own, and this is reflected in the lack of confidence in e-business at the moment. Businesses need more clear, reliable and independent information so that they can make informed choices," he concluded. Key findings: - 70 per cent of the delegates are 'not very confident' that PKI will succeed this year - something which has been promised by industry analysts since 1987. 58 per cent of the delegates cite ignorance as the greatest factor holding up acceptance in the market. - Of the remainder 22 per cent stated cost as the key obstacle and only 19 per cent cited interoperability - despite this being commonly held as the biggest problem, leading to it being addressed by the Department of Trade and Industry and the European Forum for Electronic Business. Sixty delegates from top ranking blue chip and influential global businesses attended the seminar on the 24th of January, 2001. Speakers included Bob Walder from NSS Associates, Verena Salzmann from Datamonitor, Bob Carter, and Giuliano Gasparini from The British Bankers Association. 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 OEopen’ 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/Frank Davis/ Dawn Harnetty Banner PR tel: 020 7349 2200 email: firstname.lastname@example.org 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.