Press Invitiation: Crackers Develop New Approach to Encryption – Launch BitArts Tuesday 20 March 2001 PDF Print What: One-on-One Press Briefings with UK Start-up BitArts Who: Danny Chapchal, CEO BitArts John Safa, Chief Technology Officer Where: Rainer, Palladium House, 1 Argyll Street, London. Closest Tube Oxford Circus When: March 28, 2001 Contact: Matthew Alleyne or Stephen Waddington at Rainier to arrange an interview Tel: 020 7494 6570 A misspent decade hacking analogue mobile phone systems and breaking the copyright on computer software has enabled a group of Nottingham based computer programmers to form a company called BitArts which has created a breakthrough technology and secure method of encrypting digital content. The technology that BitArts has developed represents a fundamental shift from traditional encryption methods and the approach to e-security currently employed – a fact endorsed by the appointments of entrepreneur Danny Chapchal (formerly CEO of Cambridge Display Technology) as BitArts CEO and Dr Cheryl Shavers, former US Undersecretary of State for Technology in the Clinton administration, as Chairperson. The computer underworld, which uses the Internet as its main method of communication, is as well organized as the army, circulating tutorials on how to break a piece of security software almost as soon as it becomes available and assembling groups of crackers around the world to work on assignments. Adobe has said it loses an estmated $500m a year through software piracy. Total world-wide losses for all software vendors are estmated at $12billion a year with more than 30% of all software in circulation having been pirated. It is from this background that BitArts was formed by a team of reformed crackers that now spend their time searching for the latest techniques for breaking software copyright and developing means of protecting it. This press release was distributed by ResponseSource Press Release Wire on behalf of Speed Communications in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.