Institutional Finance Cryptography

Page #8333 of Chapter: Crypto-for-the-rest-of-us

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The biggest concern is the disruption of the money accounting -- creating fake money that passes as genuine payments. This risk is met with a robust accounting control, but the lingering fear is that an enemy has discovered a way to compromise it, ready to unleash at a proper moment. Breakdown of the computerized record of funds and credit spells a total catastrophe on our civil order.

Fire walls, access-control, and encryption of files at rest are the mainstay for file security, and state of the art symmetric ciphers are used for bank to bank transers.

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