Sim Manufacturer Gemalto has assured that its Products are secured in response to NSA Hack reports

Gemalto, the SIM card maker that reportedly had its encryption keys stolen by the NSA and GCHQ, has claimed that its products are secure, despite apparent leaked NSA documents suggesting otherwise.

Gemalto Inc.

Gemalto has announced that it  will communicate on the results of its investigations on Wednesday, February 25, through a press release and a press conference that will be held in Paris at 10:30 am. The details of this press conference will be available on the Gemalto web site at www.gemalto.com/companyinfo/media as of Tuesday, February 24, 2:00 pm.

According to results of initials investigations,  "Initial conclusions already indicate that Gemalto SIM products (as well as banking cards, passports and other products and platforms) are secure and the Company doesn't expect to endure a significant financial prejudice."

Gemalto, is a multinational firm incorporated in the Netherlands that makes the chips used in mobile phones and next-generation credit cards. Among its clients are AT&T, T-Mobile, Verizon, Sprint and some 450 wireless network providers around the world. The company operates in 85 countries and has more than 40 manufacturing facilities. One of its three global headquarters is in Austin, Texas and it has a large factory in Pennsylvania. The Intercept, the news organization run by Glenn Greenwald and backed by Pierre Omidyar’s First Look Media, broke the news last week based on leaks from NSA whistleblower Edward Snowden.