Symmetric Key Encryption - why, where and how it’s used in banking

In today’s cyber-world there is an ever-present risk of unauthorized access to all forms of data. Most at risk is financial and payment system data that can expose the personal identifying information (PII) or payment card details of customers and clients. Encryption is crucial for protecting PII and mitigating the risks that businesses which conduct payment transactions face every minute of every day.

In this article we will talk about symmetric encryption in banking, its advantages and some challenges of managing the keys.

Read more

5 ways eIDAS is Boosting the Digitization of Trade

Retail banking has been unrecognizably transformed by digitization. Everything from payments to basic credit products can now be availed digitally. However, when it comes to corporate or business banking, the pace has just not been the same. One good example of this is the process of trade which includes both vanilla open account transactions and trades secured via documentary credit products.

Read more

HTTPS Encryption and Attacks on Authentication in Remote Banking Services - a Russian Perspective

Read the Russian Version Шифрование HTTPS

This article discusses the secure HTTPS Protocol intended for web-resources and its principles of operation as well as its strengths and weaknesses. It explains how attacks on HTTPS may lead to traffic being decrypted, particularly in systems for remote banking services and personal logins to web-resources.

Read more

Why banks need Non-Repudiation of Origin and Non-Repudiation of Emission

Have you ever heard the kind of sweet and innocent voice saying, “I didn’t eat my brother’s ice cream”, while the kid’s mouth and t-shirt are covered with chocolate and cream?

Read more