How are the encryption keys generated?…

Your AES encryption keys are truly unique as they are generated by the IronKey Cryptochip using a FIPS-140-2 compliant True Random Number Generator. Also, they do not leave your secured hardware to be stored in flash memory, on your local computer, or in any IronKey database. This is why there is a delay during initialization, as the AES keys are generated at the time you setup your drive. We could have done this ahead of time for you to save you the trouble, but then we would have your encryption keys. For your privacy and protection, we make you the sole possessor of your encryption keys.

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