Trust in the security industry has taken a blow with a recent report that RSA was paid by the U.S. National Security Agency to provide a way to crack its encryption.
RSA denies the Reuters report published Friday that said the NSA paid RSA $10 million to use a flawed encryption formula. The agency-developed Dual Elliptic Curve Deterministic Random Bit Generator (Dual EC DRBG) was used in RSA?s BSAFE product.
The report shook up the security industry, because of RSA?s influence. The company?s annual user conference in San Francisco is one of the largest security events of the year. On Monday, Mikko Hypponen, a widely know security expert, sent a letter to RSA cancelling his talk for the 2014 RSA Conference, because of RSA?s dealings with the NSA.
In a statement released last week, RSA said, ?We categorically deny this allegation.?