The mission of the laboratory is three-fold:

• to carry out fundamental and applied research in cryptography and systems security;
• to teach cryptography and systems security in the context of undergraduate and graduate university courses, as well as in the context of industrial training programs;
• to maintain industrial partnership through the participation in R&D projects and the provision of consulting services without compromising the general academic objectives.

The head of the laboratory is Prof. István VAJDA. The laboratory was formerly known as E-biz Lab. The laboratory belongs to the Department of Telecommunications at the Budapest University of Technology and Economics.