Oh look, it's a brand new fluff piece on Meganet and their Virtual Matrix Encryption, deconstructed years ago in various forums, including this one.
http://www.inet-one.com/cypherpunks/dir.1998.01.01-1998.01.07/msg00047.html Why on earth is the Department of Labor giving them money? Meganet now claims that "all other encryption methods have been compromised" - except for theirs, of course. Titter. http://www.israel21c.org/bin/en.jsp?enPage=BlankPage&enDisplay=view&enDispWhat=object&enDispWho=Articles%5El306&enZone=Technology&enVersion=0& ----- Company develops unbreakable data encryption code By Nicky Blackburn February 09, 2003 Meganet has won a $4 million tender to supply the U.S. Department of Labor with information encryption and digital signatures for its 18,000 employees. Meganet, an Israeli-U.S. data security company, has developed an encryption technology that appears to be unbreakable, enabling governments and corporations, to keep their data safely out of the hands of competitors, thieves and saboteurs. Among the clients that believe in their ability to protect sensitive information is the U.S. government ... Meganet Corporation's founder, Saul Backal, claims that its solution can put an end to these problems. Meganet offers a patented non-linear data mapping technology, called VME (Virtual Matrix Encryption), that creates exceptionally random cipher text and combines it with a one million-bit key, which is unheard of in today's data security markets. Competing solutions offer a maximum of 256 bits. "There is nothing stronger in existence," says 38-year-old Backal, a dual Israeli-U.S. citizen who was a tank commander in the IDF in the Lebanon war. "All other encryption methods have been compromised in the last five to six years." ... -- Eric Michael Cordian 0+ O:.T:.O:. Mathematical Munitions Division "Do What Thou Wilt Shall Be The Whole Of The Law"