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CRYPTOGRAPHY · FINANCIAL SECURITY GLOSSARY

Encryption

The transformation of readable information into protected ciphertext using cryptographic algorithms and keys.

QUICK DEFINITION

Encryption — The transformation of readable information into protected ciphertext using cryptographic algorithms and keys.

WHY IT MATTERS

Why Encryption matters in finance

Financial institutions depend on encryption to protect sensitive data in storage and transit.

FINANCIAL SYSTEM CONTEXT

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.

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