Lexar Media (NASDAQ:LEXR)
Historical Stock Chart
From Jun 2019 to Jun 2024
![Click Here for more Lexar Media Charts. Click Here for more Lexar Media Charts.](/p.php?pid=staticchart&s=N%5ELEXR&p=8&t=15)
SecureWave today announced a partnership with Lexar
Media, Inc. (Nasdaq: LEXR), a leading manufacturer of removable flash
memory cards and USB flash drives, to develop and market an
enterprise-class privacy solution for controlling personal storage
devices. The companies plan to jointly make available solutions that
will provide more granular control and cryptographic security for
portable storage devices to ensure compliance with regulations,
prevent malicious and unintentional data leakage, and preserve
corporate assets.
Additionally, Lexar becomes the first vendor to join the
SecureWave Hardware Vendor Partnership Program, the industry's first
certification program for portable storage media. The Program provides
hardware manufacturers like Lexar with the designation of being
enterprise-ready, meeting all the criteria that companies are looking
for - scalability, security, performance and availability.
According to a recent Gartner study, loss and theft of mobile
devices is the most common exposure to data leakage when data is taken
outside the office. To mitigate these risks while still allowing users
to enjoy the full benefits of the devices, policies and controls must
be put in place. With SecureWave's Sanctuary and Lexar's secure
enterprise personal storage devices working in conjunction with each
other, users will be required to utilize only authorized portable
devices in accordance with policies that can govern time, encryption,
volume of data, data transfer and other administrator-set criteria.
The technical integration of support for Lexar's secure enterprise
personal storage devices into SecureWave's Sanctuary also makes Lexar
the first hardware partner that SecureWave will work with on this type
of enterprise-ready solution.
"From a business perspective, personal storage devices like USB
flash drives are incredibly powerful business tools, enabling
employees to easily transfer mass amounts of data from one location to
another, and be productive out of the office. The problems arise when
policies are not developed and strictly enforced for the use of these
devices. This can result in drastic consequences such as data theft
and the compromise of corporate assets," said Joe Unsworth, a
Principal Analyst at Gartner.
SecureWave's Sanctuary provides policy-based control for the
devices and applications that can be used on enterprise endpoints.
Using an automated whitelist approach, Sanctuary allows only those
devices and applications that have been approved for use with its PCs,
laptops and servers. The SecureWave Hardware Vendor Partnership
Program allows portable storage device manufacturers to market all the
enterprise benefits of its solutions while ensuring their commitment
to device safety.
"Enterprises need to look no further than to the front page of the
newspaper to see the dangers of not properly managing removable
storage devices," said Bob Johnson, CEO of SecureWave. "By creating
the SecureWave Hardware Vendor Partnership Program and working with
Lexar, a technology innovator, we are able to provide businesses with
security solutions that protect and secure an organization's private,
corporate data while still enabling users to experience the full
convenience and potential of personal storage devices."
"At Lexar, we understand that data stored on our personal storage
devices is often confidential and highly sensitive," said Farshid
Tabrizi, General Manager of Enterprise and OEM Products at Lexar. "In
order to guarantee that our business and government customers have a
simple, reliable way to ensure security we have partnered with
SecureWave to deploy end-to-end policy enforcement technologies for
personal storage devices. This way we can add the extra layer of
security and offer products that are not only effective at
transferring and sharing data, but also at keeping it safe inside and
outside corporate or enterprise networks."
About SecureWave
With SecureWave's Sanctuary(R), organizations set and enforce
policies for device and application use that overcome tomorrow's
security and operational challenges today. More than 1,200 enterprises
worldwide in the financial, government, military, manufacturing and
healthcare sectors, including CSC, Anglian Water Services, MTU,
Barclays Bank PLC and Norwich Union, utilize Sanctuary. SecureWave,
named a Red Herring Top 100 Innovator, is headquartered in Luxembourg
and services its global customer base via offices in the U.K.,
Washington D.C. and Research Triangle Park, N.C., as well as a network
of reseller and service provider partners worldwide. To learn more
about SecureWave, please call (703) 788-6760 or visit
www.securewave.com.
About Lexar Media, Inc.
Lexar is a leading marketer and manufacturer of NAND flash memory
products including memory cards, USB flash drives, card readers and
ATA controller technology for the digital photography, consumer
electronics, industrial and communications markets. The company holds
over 97 issued or allowed controller and system patents, and licenses
its technology to companies including Olympus Corporation, Samsung
Electronics Co., Ltd., SanDisk Corporation and Sony Corporation. Lexar
sells its memory cards worldwide and through an exclusive agreement,
also sells memory cards under the Kodak brand. Headquartered in
Fremont, California, Lexar has operations in countries around the
world. More information is available at www.lexar.com.
Lexar, JumpDrive and the Lexar logo are trademarks of Lexar Media,
Inc. SecureWave and Sanctuary are registered trademarks of SecureWave
SA. All other brand or product names are trademarks or registered
trademarks of their respective holders.