February 27, 2002
COMPANY FINED FOR ILLEGAL CRYPTO EXPORTS
COMPANY FINED FOR ILLEGAL CRYPTO EXPORTS
The federal body that regulates exports has fined San Diego firm Neopoint Inc. $95,000 for exporting strong encryption software to Korean companies without the necessary government approval. The Commerce Department's Bureau of Export Administration imposed the fine after learning that Neopoint had exported 128-bit encryption software to two companies in South Korea without obtaining proper licenses.
Posted by rshah at February 27, 2002 12:00 PM