High security for e-banking in the works

Singapore, 24 January 2000 - Netlife Singapore and Algorithmic Research Singapore today announced a partnership to develop new security solutions for mobile banking applications, PKI (public key infrastructure), and kiosk implementations in Asia. The partnership adds Algorithmic Research's expertise in cryptography, smartcards and the design of security components to Netlife's secure electronic business solutions. Algorithmic Research is a wholly-owned subsidiary of Cylink Corp. (Nasdaq: CYLK).

Netlife is incorporating PrivateWireT, Algorithmic Research's secure communications software package, into its e-banking and e-brokerage solutions. This new offering provides additional security features and digital signatures to the communications between end-users (client) and the payment gateway (server). For added security, PrivateWire can also support the use of smartcards for user authentication.

PrivateWire is a bundled package of security services that support almost any electronic business security need. It provides strong non-repudiation, two-way authentication, data encryption, firewall and public key smartcard capabilities that protect electronic transactions, business communications, and TCP/IP communications over an untrusted network. Its multi-layer, integrated security architecture offers protection against unauthorized access and enables large organizations to adopt the Internet as a safe and dependable business tool.

"PrivateWire provides the high level security for Netlife's applications. It integrates seamlessly into Netlife's e-business solutions, and enables Netlife to provide secure and complete e-commerce solutions to its clients," said Zvi Efroni, Sales Director, Algorithmic Research Singapore.

"The e-business environment is developing rapidly and this partnership with Algorithmic Research helps ensure that we are at the forefront of technology development in secure e-business solutions," said Tobias Pelzer, Managing Director of Netlife Singapore. "Netlife's continuous effort to make e-business solutions more secure will pave the way for users to do business over non-traditional media including the Internet and mobile networks."

Netlife has also announced the development of an interface between its Multi Business System and Algorithmic Research's Cryptoserver, a high-volume cryptographic backend host, to provide high-performance security operations as well as secure storage of mission-critical data.

Multi Business System is an application platform that makes it possible to realize any business transaction in the shortest amount of time using any media. The platform's multi-channel architecture means that clients can choose how they wish to communicate with their customers, via GSM mobile networks, kiosks, call centres, Web TV, palmtop computers, Win32 clients, Internet via HTML and Java applets or ATM.