Following recent reports that RSA was paid by the National Security Agency to purposely distribute broken encryptions that the NSA could crack, trust in the security industry has lowered considerably. RSA’s annual user conference in San Francisco is one of the largest security events of the year. Because of the amount of influence that the company has, its alleged involvement in NSA spying was a major blow to the security industry.
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.