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Encryption

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Encryption
A method for ensuring the privacy and Security of a consumer's personal finance information at a bank or financial Institution Web site.
    
Encryption is the process of scrambling data so that only the intended receiver can use it. To be effective, encryption needs to be used by both the sender and the receiver. Consumers should make sure it is being used when sending sensitive information.
    
Encryption has Long been used by militaries and governments to facilitate secret communication. Encryption is NOW used in protecting information within many kinds of civilian systems, such as computers, networks (e.g. the Internet e-commerce), mobile telephones, wireless microphones, wireless intercom systems, Bluetooth devices and bank automatic teller machines. Encryption is also used in digital rights management to prevent unauthorized use or reproduction of copyrighted material and in software also to protect against reverse engineering (see also copy protection).
    
Encryption, by itself, can protect the confidentiality of messages, but other techniques are still needed to protect the integrity and authenticity of a message; for example, verification of a message authentication code (MAC) or a digital signature. Standards and cryptographic software and hardware to perform encryption are widely available, but successfully using encryption to ensure Security may be a challenging problem. A single slip-up in system design or execution can allow successful attacks. Sometimes an adversary can obtain unencrypted information without directly undoing the encryption.
Posted by  LISA Life Insurance Settlement Association
 
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