From: roy@sendai.scytale.com (Roy M. Silvernail)
Date: Thu, 10 Oct 1996 05:42:09 -0700 (PDT)
To: cypherpunks@toad.com
Subject: Re: FCPUNX:ABA Likes GAK
In-Reply-To: <199610100438.AAA26902@beast.brainlink.com>
Message-ID: <961010.070652.0x5.rnr.w165w@sendai.scytale.com>
MIME-Version: 1.0
Content-Type: text


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jya@pipeline.com forwards:

>     10-03-96 at 19:09 EDT, American Banker 
>  
>  
>    Banks Like Export Plan for High-Power Encryption  
>  
>    By Drew Clark 

[snippo]

>    Banks were heartened by the announcement because many 
>    view the widely used Data Encryption Standard - a 
>    low-level form of data scrambling - as inadequate 
>    protection against the rising computer power of so-called 
>    hackers. 
>  
>    Though banks can use a complex 56-bit data encryption key 
>    for financial transactions, sensitive communications with 
>    overseas branches are limited to a less powerful 40-bit 
>    standard. 

Wow... in two successive paragraphs, DES is first called inadequate and
then lauded as "complex [...] encryption" (as though it were the weapon
of choice).

Who's clue-impaired here?  Clark or the ABA (or both)?
- -- 
           Roy M. Silvernail     [ ]      roy@scytale.com
DNRC Minister Plenipotentiary of All Things Confusing, Software Division
PGP Public Key fingerprint =  31 86 EC B9 DB 76 A7 54  13 0B 6A 6B CC 09 18 B6
                Key available from pubkey@scytale.com

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