ACTON, Mass.--(BUSINESS WIRE)--NTRU Cryptosystems, Inc, a leading provider of security software solutions announced today that its flagship encryption algorithm, NTRUEncrypt™, has been accepted for standardization by the Institute of Electrical and Electronics Engineers (IEEE).
IEEE's working group on public key cryptography, known as IEEE P1363, has completed the development of a standard specification for NTRUEncrypt™ and this standard has been formally approved by IEEE. It will be issued as IEEE Standard 1363.1-2008 and is expected to be available for purchase from the IEEE website in April 2009.
NTRUEncrypt™ is a public-key cryptosystem with excellent performance characteristics, operating at five times or more the speed of competitive public key cryptosystems. Additionally, it is believed to be immune to attacks based on quantum computing. Quantum computers would immediately render legacy public key algorithms, such as RSA and Elliptic Curve Cryptography, unusable.
"NTRU is honored that IEEE has approved this standard," said William Whyte, NTRU CTO. "The issuance of this standard is a major step forward in ensuring that implementers can choose NTRUEncrypt™ with confidence that their implementations will be interoperable. It also marks a milestone in the acceptance of NTRUEncrypt™ by the broader community -- for the first time there is a single standard to serve as a target for implementers and researchers alike."
The standard, which will have a lifetime of 5 years and then be subject to review before reissuance, provides specifications for use of NTRUEncrypt™ at different popular security levels -- 112-bit, 128-bit, 192-bit and 256-bit. Users can implement key generation, encryption, and decryption, to take advantage of NTRUEncrypt™'s blazingly fast operations.
NTRUEncrypt™ was first proposed in 1996 and since then has been subject to intensive scrutiny, validating its security and its adoption into this standard.
“RSA welcomes this standard,” said Bob Griffin, Director of Solution Design for RSA, the Security Division of EMC. “Healthy competition between cryptosystems is good for security as a whole. I am also delighted to see IEEE continue its path breaking work in cryptographic standardization.”
"Voltage Security congratulates NTRU and IEEE on the issuance of this standard," said Luther Martin, technical editor of P1363.3 standard and chief security architect at Voltage Security. "Having a wide range of cryptographic algorithms available improves the security of all applications. The issuance of this standard could be an important step in ensuring the future-proofing of our security information infrastructure."
1363.1 standardizes NTRUEncrypt™. NTRUEncrypt™ technology must be licensed from NTRU Cryptosystems, Inc., for commercial use. Licenses are available, per IEEE requirements, on a reasonable and non-discriminatory basis.
NTRU Cryptosystems, Inc. is a leading security software and services provider to the embedded security market. Since 1996, NTRU has provided security software products and consulting services to major corporations in the design and integration of strong security solutions for their products in a wide range of markets. NTRU's core competencies extend from development and evaluation of standards based security architectures and protocols, cryptosystem design and implementation of security solutions based on the NTRU algorithm suite and other major algorithms. NTRU has proven experience in the trusted computing marketplace, and is a trusted partner and a market leader in the development of comprehensive, flexible, and cost effective Platform Security solutions for Application Vendors, OEM’s and enterprises. NTRU is headquartered in Acton, Mass. For more information, please visit http://www.ntru.com.