IBM Aims to Set Advanced Encryption Standard to Secure E-Business
N/A (April 30, 1998) – Today IBM announced submission of a new encryption algorithm to the National Institute of Standards and Technology (NIST) for consideration as the Advanced Encryption Standard (AES).
IBM pioneered network data security by developing the Data Encryption Algorithm which is the current Data Encryption Standard (DES). DES has been used successfully for more than 20 years to protect confidential information. As part of the IBM SecureWay(TM) family of offerings, the new IBM encryption algorithm is designed to protect data and electronic commerce well into the next millennium.
The new IBM algorithm satisfies all of the NIST requirements, including a minimal 128-bit key. In addition, the algorithm provides unprecedented network speed, flexibility and security. The algorithm can be implemented in hardware, in software, and in bandwidth-constrained applications, such as smart cards.
Dramatic increases in computing power since the invention of DES necessitate a change in the federal standard for data encryption. Although DES is still a strong encryption algorithm, NIST is preparing for its eventual replacement. The new IBM encryption algorithm will provide a secure foundation for enabling e-business and helping customers grow their businesses.
IBM creates, develops and manufactures some of the industry’s most advanced information technologies, including computer systems, software, networking systems, security, storage devices and microelectronics. IBM offers information about the company and its products through the World Wide Web. The fastest, easiest way to get information about IBM’s security offerings can be found at http://www.ibm.com/security.
Source: IBM