ISMagazine.com

Government Direction

November, 1999
EIA Supports Passage of the Electronic Signatures In Global and National Commerce Act

ARLINGTON, Va., Nov. 11 -- The Electronic Industries Alliance (EIA) praised the U.S. House of Representatives for its overwhelming bipartisan vote to approve H.R. 1714, "The Electronic Signatures in Global and National Commerce Act."

EIA President Dave McCurdy, former Chairman of the House Intelligence Committee, said, "Passage of HR 1714 is a critical step in establishing confidence in electronic commerce, which will promote jobs, stimulate the economy, and create savings and opportunity for America's consumers."

"In today's digitized economy, companies are redefining their business relationships, communicating with their customers directly, and networking all levels of their supply and demand chains. These relationships require electronic verification of identity. Without such technology in place, the risk of fraud is high, and many businesses cannot afford to take such risks."

The Electronic Industries Alliance is a federation of associations and sectors representing in the world's most competitive and innovative industry. Comprised of over 2100 members, it represents 80% of the $550 billion U.S. electronics industry. Its member and sector associations represent telecommunications, consumer electronics, components, government electronics, semiconductor standards, as well as other vital areas of the U.S. electronics industry.

BioNetrix CEO Peter Bianco Applauds House Approval Of Electronic Signature Legislation

VIENNA, Va., Nov. 11 -- BioNetrix President and Chief Executive Officer Peter Bianco today endorsed the action of the United States House of Representatives in passing H.R. 1714, "the Electronic Signatures in Global and National Commerce Act." This legislation would give electronic signatures and records the same legal validity as written contracts, and as a result, make e-commerce transactions and communications more secure.

 "House passage of this bill is an important first step to make the Internet a safer place for organizations and consumers to conduct business," said Bianco. "As organizations move their core business processes to the Internet, it is more critical than ever before that they secure access to their applications and vital digital assets. I applaud House Commerce Committee Chairman Tom Bliley for his leadership and work to drive online security to higher levels and make the Internet the safest medium to conduct business."

Bianco continued, "Electronic signatures provide a level of authentication that is far more conclusive than that of ink signatures. However, electronic signatures alone are not sufficient to secure Internet transactions and communications. Advanced biometric and non-biometric technologies -- such as smartcards, tokens, fingerprint scanners, voice verifications and facial

recognition -- enable organizations to authenticate the people who are sending the data.

"Use of these more conclusive forms of authentication is up dramatically as biometrics today are an affordable, scalable and reliable option for organizations," said Bianco. "In two years, we believe biometrics will be standard for every consumer and company conducting business online."

Bianco co-founded BioNetrix in 1997. The company recently announced the industry's first Authentication Management Infrastructure (AMI). The BioNetrix AMI allows organizations to manage disparate authentication technologies -- passwords, smartcards, tokens and biometrics -- from a single console, and as a result, reduce IT administration costs and increase security.

BioNetrix is the only authentication innovator to provide an Authentication Management Infrastructure that reduces costs and increases security in all computing environments through the deployment of superior authentication technologies -- from passwords, tokens and smart cards to fingerprints, facial recognition and voice verification. The company's flagship solution, the BioNetrix Authentication Suite(TM), is a flexible, standardized open platform that incorporates any authentication technology, provides role-based policies, complements existing security infrastructures and is easy to use and administer.

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