[67752] in Cypherpunks
Re: FCPUNX:ABA Likes GAK
daemon@ATHENA.MIT.EDU (Roy M. Silvernail)
Thu Oct 10 09:03:36 1996
To: cypherpunks@toad.com
X-Original-Article-From: jya@pipeline.com (John Young)
From: roy@sendai.scytale.com (Roy M. Silvernail)
Reply-To: roy@scytale.com
Date: Thu, 10 Oct 1996 07:06:52 CST
In-Reply-To: <199610100438.AAA26902@beast.brainlink.com>
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jya@pipeline.com forwards:
> 10-03-96 at 19:09 EDT, American Banker
>
>
> Banks Like Export Plan for High-Power Encryption
>
> By Drew Clark
[snippo]
> Banks were heartened by the announcement because many
> view the widely used Data Encryption Standard - a
> low-level form of data scrambling - as inadequate
> protection against the rising computer power of so-called
> hackers.
>
> Though banks can use a complex 56-bit data encryption key
> for financial transactions, sensitive communications with
> overseas branches are limited to a less powerful 40-bit
> standard.
Wow... in two successive paragraphs, DES is first called inadequate and
then lauded as "complex [...] encryption" (as though it were the weapon
of choice).
Who's clue-impaired here? Clark or the ABA (or both)?
- --
Roy M. Silvernail [ ] roy@scytale.com
DNRC Minister Plenipotentiary of All Things Confusing, Software Division
PGP Public Key fingerprint = 31 86 EC B9 DB 76 A7 54 13 0B 6A 6B CC 09 18 B6
Key available from pubkey@scytale.com
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