What would not be possible today if public key encryption had never been invented?

Enhance your data security knowledge with our Online Data Security Test. Utilize a wealth of questions and detailed explanations to prepare.

Online banking securely with passwords and codes relies heavily on the principles of public key encryption. This cryptographic method enables secure communications over the internet, ensuring that sensitive information, such as banking credentials and transaction details, is transmitted securely between the user and the bank. Through public key infrastructure (PKI), users can encrypt their data with a public key, which can only be decrypted by the corresponding private key held by the bank, providing a strong layer of security.

Without public key encryption, the ability to securely transmit sensitive information like passwords and codes for online banking would be severely compromised. Communication could be easily intercepted, allowing malicious actors to steal banking credentials and perform unauthorized transactions.

While there are other methods for secure communication, none provide the same level of security and convenience as public key encryption. The integrity and confidentiality of online banking systems would be at great risk, making it difficult, if not impossible, to conduct secure banking transactions in a trustworthy manner. Thus, the invention of public key encryption is foundational to the secure operation of online banking services.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy