information security

Sandra, a high net worth customer, banks on-line at Megagargantuan Bank and Trust (MBT) and has agreed to use 3DES (also known as Triple DES) in communicating with MBT. One day, Sandra received a statement showing a debit of $1,000,000 from her account. On inquiring, she was told that the bank manager, Janet, transferred the money out of Sandra’s account and into an account of her own in an offshore bank. When reached via long distance in the Cayman Islands, Janet produced a message from Sandra, properly encrypted with the agreed upon DES keys, saying: “Thanks for your many years of fine service, Janet. Please transfer $1,000,000 from my account to yours as a token of my esteem and appreciation. Signed, Sandra.”

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