Is there no one immune to their prevasive, unending corruption?
Around the same time that tech monolith EMC picked up the RSA for a cool $2.1 billion in 2006, a secretive deal between the NSA and the encryption standard was made without the knowledge of shareholders or the general public.
Since then, several high-level security experts have made note that although the RSA standard was a near-flawless method of encryption, there were several bits of code that looked suspicious enough to merit a meek mention.
RSA responded to the Snowden revelations by warning their customers they should “consider other possibilities” when choosing their randomly generated encryption codes while the company was reviewing its own standards currently in place.
“RSA always acts in the best interest of its customers and under no circumstances does RSA design or enable any back doors in our products,” the company wrote in a canned statement.
It’s not surprising the company folded under government pressure, in 2005 the BSafe division (responsible for rolling out the code that handles this type of security), made a mere $27.5 million in total revenue. The struggling outfit viewed the $10 million injection as a potential savior for their division, and although Americans have reacted to the news by leaving the standard behind en-masse, at the time the investment must have seemed like a sound method of keeping their encryption dreams afloat.