Discover Cryptography News
SA Banks Move to Meet International ATM Security Standards
"At present, the standard encryption method used in ATMs and POS systems to protect card users' PINs is known as single DES (Data Encryption Standard) or S-DES. However, the S-DES cryptographic algorithm has been cracked," he explains. "While it took a specially built algorithm cracking machine 22.75 hours to break the S-DES code, it means that devices which rely on S-DES for security can no longer be considered totally secure. Hence the requirement that S-DES-based security be upgraded to far stronger T-DES."
The link for this article located at ITWeb is no longer available.