"This is the turning point. The idea here is that you can start to encrypt all data," said Ross Mauri, general manager of IBM's mainframe unit. IBM is looking to empower customers with technology that will make hacking a thing of the past.
IBM announced that their company has achieved an innovation in security technology. It will allow companies to encrypt all their data, converting it to a language that is incomprehensible to digital criminals.
According to Ross, the processing of encryption from the previous systems was fast, but not fast enough for bulk data. As a result, great warehouses of information were stored with minimal protection.
With the increasing number of cases of hacking, information about millions of people is out in the open. IBM believes that universal encryption is an important part of the solution.
Based on a study by security firm Sophos, while three out of four companies encrypt customer data or billing information, most do not encrypt intellectual property or HR records. In a different study, 60% of organizations reported that they do not encrypt work files.
"One of the big problems is that way too much information is stored in clear text," Austin Carson, executive director of TechFreedom, said. Using IBM's new system, hackers who gain entry to a company's mainframe can access only gibberish. The data will be encrypted beyond their ability to decode it.
This technology could bring difficulties to law enforcement. In a high-profile dispute last year against Apple, law enforcement officials did not gain the company's assistance in decrypting data on the iPhone used by one of the San Bernandino shooters. Apple argued that it would be a breach of customer privacy.
IBM views security as a business opportunity. Companies spend $1 trillion every year to meet the standards of the government in terms of their security systems.
The company is now rolling out its new encryption scheme to customers and clients.
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