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#DigiNotar declared bankrupt

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Dutch certificate authority (CA) DigiNotar has been declared bankrupt by the Haarlem District Court.


In a statement by its parent VASCO Data Security, it said that a bankruptcy trustee and a bankruptcy judge have been appointed to manage all affairs of DigiNotar as it proceeds through the bankruptcy process. This is effective as of the beginning of business today where the trustee has taken over the management of DigiNotar's business activities.


T. Kendall Hunt, VASCO's chairman and CEO, said: “Although we are saddened by this action and the circumstances that necessitated it, we would like to remind our customers and investors that the incident at DigiNotar has no impact on VASCO's core authentication technology.


“The technological infrastructures of VASCO and DigiNotar remain completely separated, meaning that there is no risk for infection of VASCO's strong authentication business. In addition, we plan to cooperate with the trustee and the judge to the fullest extent reasonably practicable to bring the affairs of DigiNotar to an appropriate conclusion for its employees and customers. We also plan to cooperate with the Dutch government in its investigation of the person or persons responsible for the attack on DigiNotar. ”


VASCO president and COO Jan Valcke, said that the company had no plans to re-enter the CA business in the near future and it expected that it will integrate the PKI/identity verification technology acquired from DigiNotar into its core authentication platform.


Cliff Bown, VASCO's executive vice president and CFO, said: “We are working to quantify the damages caused by the hacker's intrusion into DigiNotar's system and will provide an estimate of the range of losses as soon as possible.”

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