By Chris Holbrook, 27 February 2001 17:20
NEWS The UK firm's offering will employ software from RSA Security as the company looks to form strategic alliances with e-tailers, offering them third party security services for their customer data. Entitled SafeDoor and scheduled for launch next month, the system will encrypt and sign the transactions of internet shoppers, safeguarding their information for storage on a SafeDoor database. Stephen Taylor, CEO of Securicor eSolutions, said in a statement: "We selected RSA Security because it offers us the most reliable implementation available and we believe strongly in its reputation for shipping code that is free of security vulnerabilities." An IDC report yesterday predicted that transactional security revenue could be worth $3.3bn in 2004, up from $128m in 1999.
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