Elsevier

Computers & Security

Volume 8, Issue 3, May 1989, Pages 209-221
Computers & Security

Security in electronic funds transfer: Message integrity in money transfer and bond settlements through GE information services' global network

https://doi.org/10.1016/0167-4048(89)90104-1Get rights and content

Abstract

In recent years the requirement for enhanced security to protect financial transactions has become an issue of growing urgency. The major concern is that of ensuring the integrity of data between parties and the authenticity of the originator. This paper describes the cryptographic controls that GE Information Services uses over its worldwide network to ensure the validity of EFT transactions. The object is to show how keys can be securely administered and distributed in practice.

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Michael Shain is a Senior Business Consultant specializin in data information security at GE Information Services where he heads the Risk Management Section. He has a degree in physics and an M.S.c. degree in electronics from London University, having also carried out research work at the Weizmann Institute in Israel. Together with Professor Dennis Lonley he has co-authored a number of books, all published by Macmillan: including Dictionary of Information Technology, Dictionary of Data and Computer Security, Networking and Expanding Micro-computers, and Information Security For Managers.

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