|
|
Article: U.S. Upgrade Of Encryption Puts Banks in Pivotal Role.
- Article from:
- American Banker
- Article date:
- August 16, 1999
- Author:
CopyrightCOPYRIGHT 1999 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
A federal agency's action has cleared the way for the financial industry and its technology suppliers to prepare for a new era in information security.
The National Institute of Standards and Technology, a part of the Department of Commerce, designated five finalists last week in a competition under way since 1997 to revise and strengthen the government standard for data encryption.
Though the naming of a single winner, likely to be adopted in both public and private sectors worldwide, is still possibly a year away, people familiar with the process say it has been managed so fairly and skillfully that the implications for future system developments are ...