Encryption — The transformation of readable information into protected ciphertext using cryptographic algorithms and keys.
Why Encryption matters in finance
Financial institutions depend on encryption to protect sensitive data in storage and transit.
Security is also a market-infrastructure question
In financial services, encryption should be understood in relation to operational continuity, data integrity, payments, market infrastructure and interconnected dependencies. A control can be technically effective while still leaving material resilience risk if critical services cannot continue or recover during disruption.