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From Wall Street to the military, the year ends with security undertakings

Banks adopting new authentication systems to fight online crime.
By Ellen Messmer , NetworkWorld.com , 11/27/2006

As the year winds up, IT managers from Wall Street to the military say they’ve kicked off ambitious projects to bolster security within their organizations.

At New York-based investment firm Goldman Sachs, one project under the direction of Tom Quinn, vice president of information security, entails adding desktop software for digital rights management (DRM) to restrict viewing, printing or changing financial data. Adding the DRM software made by Liquid Machines, and training employees to work under more restrictive file-sharing guidelines, pose a challenge, Quinn acknowledges. But he foresees a broad benefit of policy enforcement through file encryption.

“What can we do to raise the bar? What can we do to help people not make mistakes?" asks Quinn, the global head of application risk assurance at Goldman Sachs, a multibillion investment firm with 40,000 employees.

While employees are expected to follow policy guidelines that govern sharing of electronic files, the addition of the Liquid Machines DRM software puts a tangible barrier in place that keeps data encrypted unless the recipient is authorized to view the information, change it or print it.

The Goldman Sachs DRM deployment commences this month with the integration of the Liquid Machines API into the higher-risk banking applications so an authorized manager can control desktop services for DRM.

At first there will be 100 employees working under the new DRM policy enforcement, but “we envision it on all desktops eventually," Quinn says. He adds that it’s taken Goldman Sachs almost five years to prepare for a rollout of DRM.

In the Navy

In the U.S. Navy, the desire for improved mobile security in battle conditions also is prompting a new look at the possibilities for high-security authentication and access to the Department of Defense computer systems.

“We’d like to get rid of passwords and user names," says Pete Butt, chief engineer at the Naval Air Systems Command headquartered in Patuxent River, Md., where testing and evaluation of network equipment for Navy use is done. “One of the biggest problems is there are so many of them, they have to be complex and no one can remember all of them."

The Navy is eager to identify a mobile fingerprint-based system that would support both computer and building access. To that end, 30 users at the Naval Air Systems Command are testing a handheld device called the Mobio made by start-up Cryptolex Trust Systems.

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