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Utimaco Safeguard Easy vulnerability

Hello guys,

At this moment our company looks for a software to encrypt the whole disk 
drives on laptops.

I see that many companies and government  institutions use Utimaco Safeguard 

First, we looked at this software as well.

However, it seems that the tool that is supposed to make laptops more secure 
has some serious problems related to password and key distribution.

For deployement in big companies, Utimaco recommend to implement centralized 
The management is done via CFG-files that are pushed via SMS, Active Directory 
or otherwise.

These CFG files contain encryption keys for hard disks and floppy, as well as 
user passwords and backup passwords for recovery. 

The content of the file is supposedly "encrypted" as Utimaco's manual says. 
However, it seems that the encryption keys are hardcoded directly in the EXE 
file. So, they are easily recoverable and all these CFG files can be easily 

I am just wondering whether it has been discussed here and someone else has 
seen this problem before?

I know that many government and bank institutions use this product, am I the 
only person to see this security whole?

Thank you