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Cybank breaks new ground; rejects public-key encryption
--- begin forwarded text
Sender: [email protected]
Reply-To: Ian Grigg <[email protected]>
MIME-Version: 1.0
Precedence: Bulk
Date: Sat, 13 Jul 1996 22:55:43 +0200
From: Ian Grigg <[email protected]>
To: Multiple recipients of <[email protected]>
Subject: Cybank breaks new ground; rejects public-key encryption
This taken from their pages (http://www.cybank.net/cb-encr.htm)
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Security and Encryption
Cybank software is protected by multiple encryption and identification
systems, some can be seen, others are invisible.
Cybank cash can be traced back to the original account it belongs to.
Cash Keys cannot effectively be modified with disabling them.
Because cash keys are also password protected, they can only be created and
spent by the authorised account holder.
Cybank uses an encryption matrix of 380 characters. Cybank can safely
transfer any Cash Key or message from point A to point B via the Internet.
Cybank DOES NOT use Public Key Encryption (which has proven to be
insecure).
Here is a sample encrypted code, see if you can understand it:
193404158201838932119642777371870823541340764 [...]
-------------------------------
I wonder if they intend to publish the protocols :-)
--
iang
[email protected]
--- end forwarded text
-----------------
Robert Hettinga ([email protected])
e$, 44 Farquhar Street, Boston, MA 02131 USA
"'Bart Bucks' are not legal tender."
-- Punishment, 100 times on a chalkboard,
for Bart Simpson
The e$ Home Page: http://www.vmeng.com/rah/