CyberTrust wins Russian Treasury PKI contract
12 July 2005 | 2925 views | 0
Virginia-based IT security firm Cybertrust has won a deal to provide a public key infrastructure (PKI) for The Federal Treasury of Russia
CyberTrust says the nationwide PKI system will be based on its UniCert technology and will provide secure certificate management and exchange within the Russian Treasury and between state-governed organisations including The Ministry of Finance and Bank of Russia.
The Federal Transaction System funds transfer system is expected to scale to 1,000,000 certificates over the next three years as disparate systems within departments are connected.
John Holland, SVP, Cybertrust, says the firm is working closely with the Russian Treasury and local partner Informzaschita to deliver platforms that cover the geographic reach of a country the size of Russia - nearly 3000 implementation points.
Alexey Popov, deputy head of the Treasury, says: "The purpose of this nationwide program was to dispense with an inadequate and costly paper transactions system, and to migrate the Treasury to an efficient and highly secure managed electronic funds transfer mechanism and document workflow system."
Popov says the UniCert system was selected because it is capable of integrating with the Tresury's own complex infrastructure of multi-platform and highly fragmented systems.