Did NSA Put a Secret Backdoor in New Encryption Standard?

In a recent article, Bruce Schneier, a renowned expert on cryptology and security highlighted that a new random-number standard (for encryption) includes an algorithm that is slow, badly designed and just might contain a backdoor for the US National Security Agency.

The standard is found in NIST Special Publication 800-90.

The article may be quite technical but is enough to raise concerns that backdoors may exist in a puportedly secure software component.

This leads to the conclusion and emphasis that it is imperative for nations to have their own indigeneous technologies inkey security areas in order to minimise exposure to shortcomings or backdoors that leave the system vulnerable to attacks or intrusions. >> More ..