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on a 'Stick': RTS Unveils 'CryptoStick' for Securing Data By
Rick Smith, LocalTechWire: October 30, 2002
RESEARCH TRIANGLE PARK - Jeff
LeRose's latest invention sounds like something out of a James Bond movie. Just
in time for InfoTech today, LeRose is unveiling "CryptoStick". Think
of an iPod - but instead of music it's packed with megs of data encrypted and
protected by "CryptoBuddy" software. "This is a blockbuster,"
LeRose declares. He may be right. In these days of heightened concerns
about security and encryption of sensitive data, the founder of Research Triangle
Software is playing "Q" to executives, developers and engineers who
don't want to lug an encryption-loaded laptop through airport security. And with
projections of an encryption market hitting $11 billion or more (International
Data Corporation) in the near future, LeRose is banking that "CryptoStick"
will deliver big bucks to his fledgling startup. "What's cool about
this is that a lot of people carry laptops with them. They have sensitive data
on that laptop, and they don't have access to a secure computer on the other end
(for presentations)," LeRose says. "They put that data on another computer
and it always leaves trails. "What we do is we take the files, encrypt
them on the 'stick', they plug it right in to the USB port on a secure computer
or make a presentation that's decrypted on the stick. When they finish the presentation,
they pull the stick off and there's no trace of the presentation on the hard drive
because the stick uses flash memory." No more sending unsecure e-mail
or carrying around disks - encrypted or not, he says. And if a CryptoStick is
lost, he contends few people outside of government spooks will crack the encrypted
data. Patent pending technology The CryptoStick, for which LeRose already
has filed a patent, comes preloaded with CryptoBuddy encryption software which
RTS released earlier this year. And LeRose said the presentation machine doesn't
need CryptoBuddy in order to keep data secure. Like an iPod, CryptoStick
also is small - about the size of a Bic cigarette lighter, LeRose says - and is
small enough to be attached to a key chain. Each CryptoStick can pack in
32 megs for $49.95 or up to 2 gigs. Storage, LeRose says. One goal, he adds, "is
to put an entire desktop on a stick." "The only problem we've
had with it is the decal," he says. CryptoSticks already are being produced
and are supposed to have a removable decal in case the buyer doesn't want anyone
to readily know he or she is carrying data, not lighter fluid. As long
as a PC has a USB port and operates on Windows versions later than '95, CryptoSticks
can be used, LeRose says. And since data is compressed, he adds that data transfer
is very fast. A money maker? Since launching CryptoBuddy, which is free,
LeRose says people have been puzzled by his strategy. "CryptoStick
has always been part of the plan," he explains. "People ask me how we're
going to make money with this when you are giving away the software. I said just
wait, just wait." Now that CryptoBuddy has been seeded in the market
through downloads at some 100 sites, LeRose says more people are aware of his
company and provide a potential base of embedded customers. From the start,
LeRose has been focused on making encryption simple. CryptoStick follows the same
plan, he says. "This is very straight forward and easy to use."
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