Banks continue to feel the profound transformational effects that digital technologies have on their business. This can be seen in the creation and acceleration of new business activities, models, competencies, and processes. Like many other businesses, banks and other financial institutions must also embrace this digital transformation to remain competitive among their peers and to continue to grow. Adopting agile processes and new technologies will enable them to deliver services and experiences that their customers demand or do not even know that they need just yet.

The European Banking Authority's (EBA’s) new ICT and Security Risk Management Guidelines provide guidance for cybersecurity requirements for financial institutions and third-party partners.

The need for certain encryption technology features can vary from company to company, depending on their individual needs for securing their data. The recent Ponemon Institute survey, Global Encryption Trends Study, showed that some encryption features are considered more essential than others when considering an encryption solution, especially for strong key management purposes.

This article briefly summarizes the symmetric cryptographic key utilization and storage requirements as described by the ANSI X9.24-1-2017 (part 1) standard.

In response to changing and more dynamic market demands, banks and financial institutions are turning into financial service platforms. They increase the extent of their digital transformations across the hybrid cloud, guided by three motivating factors:

This article discusses the need for retail banks to continue moving forward with their digital transformation in the age of COVID-19 and explains why cryptography (when done right) can be a key enabler of a successful self-disruption process.

The IBM Common Cryptographic Architecture (CCA) is a cryptographic platform providing several functions of special interest for securing financial transactions.

In the last couple of months, facts regarding breaches that occurred during December 2018 at PostBank, the national postal bank operator of South Africa, have become known. This information is quite serious as it relates to a fraud that cost the bank millions of dollars and significantly damaged its reputation.

Invented by Mohamed Atalla, the Atalla key block is the root of all key blocks. All over the globe, hundreds of millions of financial transactions are secured daily using hardware security modules (HSMs) and the Atalla key block format that follows TR-31 guidelines. Here we will explain a bit about AKB and why a banking-grade key management system (KMS) must support it.