RSA 2048-bit encryption is the standard. The time to break the code for encryption is currently so long, this is the standard for most systems. All banking, email systems, etc use 2048-bit as the primary encryption method.
Now comes the new computers called quantum computers. The processing times on these systems are a fraction of traditional computers. Experts predict RSA 2048-bit encryption may be broken in 8 hours or less.
Scientists have found a new encryption method which would not be able to be broken, but it is far becoming the standard.
With the cost of a data breach reaching over $2 million per instance, the C-suite can no longer leave cybersecurity solely to IT. CFOs are becoming more involved with defining strategy for data security with the technology leaders.
Read Jeff Thompson’s, Institute of Management Accountants CEO, article on how financial executives are taking a more proactive role when it comes to data security.
It seems that every merchant has some type of rewards cards. At first it was just airlines and hotels that had these programs, now the local yogurt shop has joined into the trend. With more and more of these rewards programs online and accessible through apps, they are a new target for hackers.
See this article in the New York Times for more details: