The banking industry is evaluating security benefits of using blockchain to send encrypted information. Greg Stiles
reporting
in Mail Tibune: "'We've seen potential breaches at some of these
cryptocurrency exchanges… We are looking as an industry if there are
ways we can use blockchain for communicating with each other, but we are
not there yet, [says Jenny Menna, Senior Vice President of Information
Systems Security at US Bank]. ... the industry desires to end passwords
and Social Security numbers and sees blockchain as one avenue to the
goal. U.S. Bank has 600 people assigned to ward off potential cyber
attacks through analytical and other means. But small firms without such
resources are just as likely to get hit."
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