Home / News

Banking Industry Evaluating Security Benefits of Blockchain to Send Encrypted Information

The banking industry is evaluating security benefits of using blockchain to send encrypted information. Greg Stiles reporting in Mail Tibune: "'We've seen potential breaches at some of these cryptocurrency exchanges… We are looking as an industry if there are ways we can use blockchain for communicating with each other, but we are not there yet, [says Jenny Menna, Senior Vice President of Information Systems Security at US Bank]. ... the industry desires to end passwords and Social Security numbers and sees blockchain as one avenue to the goal. U.S. Bank has 600 people assigned to ward off potential cyber attacks through analytical and other means. But small firms without such resources are just as likely to get hit."

By CircleID Reporter – CircleID's internal staff reporting on news tips and developing stories. Do you have information the professional Internet community should be aware of? Contact us. Visit Page

CircleID Newsletter The Weekly Wrap

More and more professionals are choosing to publish critical posts on CircleID from all corners of the Internet industry. If you find it hard to keep up daily, consider subscribing to our weekly digest. We will provide you a convenient summary report once a week sent directly to your inbox. It's a quick and easy read.

I make a point of reading CircleID. There is no getting around the utility of knowing what thoughtful people are thinking and saying about our industry.

VINTON CERF
Co-designer of the TCP/IP Protocols & the Architecture of the Internet

Comments

 Be the first to post a comment!

Add Your Comments

 To post your comments, please login or create an account.

Related

Topics

New TLDs

Sponsored byAfilias

Brand Protection

Sponsored byAppdetex

Cybersecurity

Sponsored byVerisign

DNS Security

Sponsored byAfilias

Cybercrime

Sponsored byThreat Intelligence Platform

Whois

Sponsored byWhoisXML API

IP Addressing

Sponsored byIPv4.Global

Domain Names

Sponsored byVerisign