IBM makes breakthrough in encryption for data protection
- Published: Wednesday, 19 July 2017 08:33
IBM has unveiled IBM Z, the next generation of the world’s most powerful transaction system, which introduces a breakthrough encryption engine that makes it possible to pervasively encrypt data associated with any application, cloud service or database all the time.
IBM Z is capable of running more than 12 billion encrypted transactions per day.
In the most significant re-positioning of mainframe technology in more than a decade, when the platform embraced Linux and open source software, IBM Z now dramatically expands the protective cryptographic umbrella of the world’s most advanced encryption technology and key protection. The system’s advanced cryptographic capability now extends across any data, networks, external devices or entire applications – such as the IBM Cloud Blockchain service – with no application changes and no impact on business service level agreements.
IBM Z’s new data encryption capabilities are designed to address the global epidemic of data breaches, a major factor in the $8 trillion cybercrime impact on the global economy by 2022. Of the more than nine billion data records lost or stolen since 2013, only four percent were encrypted, making the vast majority of such data vulnerable to organized cybercrime rings, state actors and employees misusing access to sensitive information.
A recent study found that extensive use of encryption is a top factor in reducing the business impact and cost of a data breach. However, encryption is often largely absent in corporate and cloud data centers / centres because current solutions for data encryption in x86 environments can dramatically degrade performance (and thus user experience), and can be too complex and expensive to manage. As a result, only about two percent of corporate data is encrypted today, while more than 80 percent of mobile device data is encrypted .More details.
1. Source: “Pervasive Encryption: A New Paradigm for Protection,” K. R. E. Lind, Chief Systems Engineer, Solitaire Interglobal Ltd., June 30, 2017.