Taken from israel21c.org “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.
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.
In an attempt to prove VME’s strength, Meganet began offering prizes such as a Ferrari or $1m. to anyone who could break into a VME-protected file. So far, two million people have attempted to crack the code, but none have managed.”
Read the whole story here
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