The United States Commerce Department has given Netscape Communications its permission to export 128-bit encryption. Until this decision, U.S. companies have only been allowed to export 40-bit encryption. The new license will affect Netscape's new Communicator suite and SuiteSpot servers. Using 128-bit encryption, Netscape customers will be able to safely perform online banking functions from anywhere in the world. 129-bit encryption was previously available only within the United States and the company worked for almost a year to get it approved.
"The ability to export our products with strong encryption enables Netscape to provide its customers with software that can improve the security of their information," said Taher Elgamal, Netscape's chief scientist