There are two types of businesses; it’s usually said: those who were hacked, and those that don’t understand it.
IBM Corp. wants to eradicate both. The Armonk, N.Y., computing titan said Monday that it had achieved a breakthrough in security technologies which will allow all companies to encrypt their customer information on a gigantic scale — turning most if not all their digital data into gibberish that’s illegible to thieves using its new mainframe.
Mauri estimates that only 4% of data was encrypted.
As a number of data breaches affecting U.S. entities steadily grow — leading to the leakage annually of countless people’s private information — IBM asserts that universal encryption might be the response to the outbreak of hacking.
But as it moves from one thing to another due to the computational power required to encrypt and decrypt information, many companies use if at all encryption. A December report by the security company Sophos discovers that while three out of four institutes routinely encrypt clients data or billing information, far more do not encrypt HR records or their property. Sixty percent of organizations leave work files created by employees the study found.
These represent opportunities for electronic offenders, said Austin Carson, executive director of the tech think tank TechFreedom.
But universal or penetrating encryption, he added, could help to protect that even if hackers broke into a company’s network would be impossible to decode. “That would be a massive step forward only regarding protecting a far larger body of information,” Carson added.
But the same technology could abort law enforcement, which lately has waged a furious battle with Silicon Valley over encryption technologies and how broadly it ought to be used.
Apple refused, stating that developing tools to break encryption could undermine its clients’ security if the tools were to fall into the wrong hands.
In its drive to expand international encryption, IBM is taking Apple’s side in the argument.
“Weakening encryption technologies, however, isn’t the solution. Encryption is just too widespread and necessary in contemporary society.”
Businesses spend more than $1 trillion a year making sure that government standards are met by their safety, according to company officials. One element of the new strategy to mainframes of IBM is the notion of accomplishing that compliance work, using artificial intelligence to check passes muster in various businesses.
In doing this, IBM hopes to turn a chunk of the yearly compliance paying into revenue for itself. And that is on top of the approximately $500,000 for using its mainframe technology; it expects to charge customers. Most businesses will upgrade so the price for those customers could be less.
For many small companies, that may still be too costly. Still, technology’s history indicates that those costs may fall.
The idea here is that you could begin to encrypt all information,” Mauri added. But even as IBM makes encrypting all as a priority, security experts like Mauri already have their eyes The ability manipulate and to edit documents that are encrypted without having to decrypt them.