Bank's Encryption Pledge Could be Contagious

Tuesday Jun 7th 2005 by Staff

The disappearance of CitiFinancial tapes with data on 3.9 millioncustomers should spark more interest in digital encryption.


CitiFinancial move to digitally encrypt customer data next month in the wake of lost storage tapes could spur other organizations to follow suit, an information security analyst said Tuesday.

Jon Oltsik, of Enterprise Strategy Group, said interest in digital data encryption has picked up in 2005 after a handful of incidents where couriers lost tapes en route from one office to another.

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