DES watch: an examination of the sufficiency of the data encryption standard for financial institution information security in the 1990s

@inproceedings{Garon1991DESWA,
  title={DES watch: an examination of the sufficiency of the data encryption standard for financial institution information security in the 1990s},
  author={Gilles Garon and Richard Outerbridge},
  booktitle={SGSC},
  year={1991}
}
DES is used almost universally by financial institutions (Fls) around the world. For the foreseeable future there are no alternatives to its continued use. Within ten years unmodified single-key DES will be breakable for a cost of about $3,500 per solution in under one day. Many financial systems which currently rely on single-key DES are therefore becoming vulnerable to attack.Despite the impact of breaking DES, the misconception that an FI's exposure is limited to the dollar values of… CONTINUE READING

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