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RUSSIAN FEDERATION LAB-1313 FORCES 2 MASSIVE ATTACKS ON MEGANET CORPORATION SERVERS IN SEARCH FOR VIRTUAL MATRIX ENCRYPTION SECRETS

JULY 21, 1998

July 21, 1998 Meganet Corporation, the company that challenged Microsoft (NASDAQ: MSFT), Intel (NASDAQ: INTC), Dell (NASDAQ: DELL), AT&T (NYSE: T), NCR (NYSE: NCR) and many other high tech companies with their unbreakable encryption has encountered two massive attacks on their web servers by a Russian Federation Lab from the URL "lab1313.chph.ras.ru" which belongs to the Russian Academy of Sciences in Moscow.  The two attacks, which involved thousands of hits, have failed since Meganet Corporation does not keep the source code nor the application on the servers. The servers includes only publicly available information.

The attack further demonstrates the tremendous interest in the VME technology worldwide. The product is not being sold outside the Continental United States due to National Security concerns and export regulations.

VME98 (Virtual Matrix Encryption) is the strongest available encryption product in the market, including the unbreakable Virtual Matrix Algorithm and a 1 MILLION BIT SYMMETRIC KEY.

In light of last weekís EFF compromise of the DES algorithm in 56 hours (!) on a single machine worth under $250k, there is an urgent need for a much stronger symmetric key encryption that can replace DES. VME98 offers an unprecedented 1 MILLION BIT Symmetric Key Scheme paired with the unbreakable Virtual Matrix Algorithm.

VME98 is available in 21 different commercial versions and is currently selling nationwide for over 4 months with clients nationwide. The sales are made directly through the Meganet Corporation web site at www.meganet.com . Also, Meganet Corporation is planning to have VME98 in retail stores nationwide soon.

The ongoing $ 1,200,000.00 challenge is at itís 4th month with no challenger. Meganet Corporation started a $ 1.2 Million challenges series from April 1st, 1998 and on, for 12 months. Meganet Corporation posts a monthly challenge of $ 100,000.00 for registered owners of VME98. The challenges emphasizes Meganet Corporationís confidence that VME is unbreakable algorithm.

Meganet Corporation has a US patent pending for VME. The technology uses a new field of encryption and a new algorithm to encrypt data that is completely different from any existing methods. VME is the only algorithm that neither  encrypts the data nor transfers it. By comparing the data to a randomly generated Virtual Matrix, a system of pointers is created, pointers which are meaningless outside the context of the matrix to which they belong.  The result is then repeatedly encrypted through a huge variety of algorithms.  Even in the unlikely event of the algorithms being compromised, the set of pointers is completely unrelated to the original data, and there is no way to derive the original data out of the pointers set.  Virtual Matrix encryption paired with a 1 Million Bit Symmetric Key creates the world's strongest encryption algorithm.

 

About Meganet

Protecting data, communications, and assets. Meganet Corporation is a client-focused data and communications security company committed to the continual development of revolutionary technologies and innovative information security solutions. Meganet has developed a revolutionary symmetric encryption algorithm coined as Virtual Matrix Encryption (VME). The power of VME results from a unique data mapping technology that creates exceptionally random cipher text and from its ability to use up to a million-bit key. Meganet aims at propelling VME to be the industry's standard for encryption. Established in 1997, Meganet is a privately held California corporation headquartered in Los Angeles, Calif., with offices in New York and Oregon. (URL: http://www.meganet.com)

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