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QuoVadis and Kyberpass Enhance Risk Management for Offshore e-business

Kyberpass Validation TrustPlatform to provide real-time validation of digital certificates and digital signatures for leading offshore certificate authority

HAMILTON, Bermuda and OTTAWA, July 9, 2001 – QuoVadis Limited, the world’s first offshore commercial digital certificate authority, and Kyberpass®, a leading provider of e-security software for trusted e-business, today announced the Kyberpass Validation TrustPlatform™ has been selected to provide real-time validation capabilities for QuoVadis’ digital certificate customers. The Kyberpass Validation TrustPlatform validates digital certificates and digital signatures for securing electronic business applications.

“While reputable offshore companies pursue the efficiencies of electronic business, they increasingly use digital certificates for superior security and to fulfill ‘know your client’ obligations. Our combined solution allows corporations to check the validity of digital certificates, in much the same way a retailer verifies credit cards,” said Tony Nagel, CEO of QuoVadis.

“We selected Kyberpass for their responsiveness and proven ability to help real world businesses rapidly implement complex digital certificate technology. Many first-generation OCSP-based products simply validate the certificate. By contrast, the Kyberpass Validation TrustPlatform can also validate the digital signature and other digital credentials. These features help our corporate customers – and their clients – manage the risks of doing business online,” he continued.

Based in Bermuda, QuoVadis’ clients include some of the largest names in Bermuda’s insurance market, as well as respected companies from across the offshore world. As one of the first countries to legalize the use of digital signatures, Bermuda is now joined by more than 70 countries that have enacted similar legislation. QuoVadis’ location in Bermuda provides a neutral jurisdiction for global online businesses.

“Trusted online transactions are the key to successful e-business and QuoVadis is delivering trust by relying on Kyberpass to provide a vital component of its certificate authority,’ said Robert Lendvai, vice president of marketing at Kyberpass. “By coupling identity services with Kyberpass real-time certificate validation, QuoVadis is providing a complete Internet-based trust framework for clients across the world.”

About QuoVadis Limited

Based in Bermuda, QuoVadis Limited is the first offshore commercial certificate authority in the world. QuoVadis provides public key infrastructure (PKI) solutions to offshore-based entities, as well as to their global networks of employees, business partners, and clients. QuoVadis is a TrustedWorld™ partner of Baltimore Technologies and is backed by e-VentureCentre, a joint venture between the Centre Group (a wholly-owned subsidiary of Zurich Financial Services) and Paragon Bermuda Limited. For more information, visit www.quovadis.bm.

About Kyberpass Corporation

Kyberpass delivers a new generation of e-security TrustPlatforms for Identrus, B2B exchanges and e-government. With millions of licensed users around the world, Kyberpass' award-winning security solutions seamlessly allows any application to take advantage of the full power of any Public Key Infrastructure (PKI), while automatically implementing customers' unique security policies and dramatically simplifying administration. Kyberpass enables the implementation of a total security solution in a matter of days, rather than months or years. Kyberpass supports all major PKIs and provides the most flexible e-security infrastructure available on the market today. For more information, visit www.kyberpass.com.

About Kyberpass Validation TrustPlatform
The Kyberpass Validation TrustPlatform is an integral e-security component for organizations that rely on the use of digital certificates and signatures. Unlike first-generation OCSP-based products that provide basic digital certificate validation, the Kyberpass Validation TrustPlatform offers real-time validation of digital certificates, digital credentials and digital signatures for B2B exchanges, e-Business applications, and Certificate Authorities.

For more information, please contact:

Maggie OĞLett
High Road Communications
(613) 236-0909
MOlett@HighRoad.com

Robert Lendvai
Kyberpass Corporation
613.727.6556 x303
rlendvai@Kyberpass.com

Stephen Davidson
QuoVadis Ltd.
441.294.4908
SDavidson@quovadis.bm


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