Fortune 500 firms pick smartcard security

Monday, 8 December 2003, 2:57 PM EST

Increasing enterprise interest and commitment to smartcard-based security will see more than one third of corporates using the technology by 2006, a recently released study has found.

Based on interviews with 69 US Fortune 500 senior executives, analyst organisation Frost & Sullivan's research found a "profound interest" in using smartcards as part of firms' physical and/or logical security systems.

"More than 63 per cent of the Fortune 500 executives interviewed either have investigated or are investigating smartcards for network security," said Deepak Shetty, senior industry analyst at Frost & Sullivan.

"Furthermore, there was a 100 per cent awareness of smartcard technology among those interviewed. These are extraordinary figures considering the fact that most companies hadn't even heard of smartcards three years ago."

[ Read more ]




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