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25 Crays a Year to Break STT
Financial Times, September 28, 1995, p.1.
Rivalry for Internet Security Grows
By Louise Kehoe in San Francisco
The Internet rivalry between Microsoft, the world's largest
software company, and Netscape Communications increased
yesterday when they announced competing encryption
technology intended to ensure the security of financial
transactions over the global computer network.
Mr James Clark chairman of Netscape, the leading supplier
of browser software that enables personal computer users to
"surf" the Internet, also revealed the company had turned
down a move by Microsoft to take a minority stake in
Netscape earlier this year, before Netscape's public
offering.
Microsoft's encryption technology, developed with Visa
International the credit card processing organisation, is
intended to solve Internet security problems which have
become a serious barrier to electronic commerce.
Recent incidents, including the hacking of supposedly
secure Internet software developed by Netscape, have
heightened concerns about sending sensitive data such as
credit card numbers over the Internet.
Microsoft said its Secure Transaction Technology (STT), was
designed to provide a much higher level of security for
credit card transactions on the Internet. Netscape's
general purpose encryption system uses a 40 or 128-bit
electronic "key", while STT will use 2,000-bit keys.
"By Christmas of 1996 you will be able to shop on the
Internet to your heart's content, without even thinking
about security," said Mr Warren Dent, Microsoft director of
business development for consumer systems.
Although no encryption system was totally secure, Mr Dent
estimated it would take "25 Cray supercomputers a year" to
break the STT codes.
Netscape, however, said a new version of its Navigator
software, which will become available next week will
provide the same level of security. Netscape's "Secure
Courier" technology has been developed in conjunction with
MasterCard, Visa's credit card rival.
To encourage widespread adoption of STT, Microsoft and Visa
are making its technical specifications available at no
charge to third parties to allow them to develop software.
Netscape said Microsoft is expecting to charge transaction
fees each time the STT technology is used.
Commercial software products incorporating STT are expected
to be available by April, Microsoft said. Netscape says
Secure Courier will be available sooner.
[End]