ibusinesslines.com
ibusinesslines.com October 23, 2017


Presto crypto: IBM releases gruntier, faster Z14 mainframe

17 July 2017, 04:26 | Justin Tyler

Presto crypto: IBM releases gruntier, faster Z14 mainframe

IBM Wants to Encrypt the World to Battle Hackers

And the firm further observed that over the course of a year ago, over four billion data records were stolen or lost - a more than fivefold increase compared to 2015.

"There is a global epidemic of data theft".

"We think this will be broadly adopted across financial services, government, retail and travel and transportation", said Ross Mauri, general manager of IBM Z.

"IBM Z's new data encryption capabilities are created to address the global epidemic of data breaches, a major factor in the $8 trillion cybercrime impact on the global economy by 2022".

The system boasts tamper-responding encryption keys and encrypted APIs and can help companies comply with with new standards such as the EU's General Data Protection Regulation (GDPR) set to go into effect next year.

According to the company, the IBM Z mainframe is capable of running more than 12 billion encrypted transactions per day, and introduces a "breakthrough encryption engine" that IBM says is capable of pervasively encrypting data associated with any application, cloud service or database all the time.

Until now, encryption has been largely absent in data and cloud centers - only 2 percent of corporate data is encrypted today - because current solutions dramatically degrade performance, and are too complex and expensive to manage. According to the company, this is faster than x86 systems, which only focus on limited slices of data.

The company has rolled out the IBM Z, its next-generation mainframe that's capable of handling 12 billion encrypted transactions a day.


The tamper-responding encryption keys is hardware that makes keys invalid if any sign of intrusion is detected, but can be restored safely.

IBM has rolled out what it called the biggest revamp of mainframe technology in more than a decade with a system that aims to stem the damage caused by data breaches through pervasive encryption.

IBM Z integrated with IBM Security software, streamlining security and compliance processes.

These solutions work with pervasive encryption to provide comprehensive data security capabilities to protect your information. "It's like a security blanket across the entire system - database, applications, data at rest, data in flight, APIs, etc. - that can just be turned on, rather than manually picking and choosing what to encrypt, which typically has led to much [data] remaining unencrypted", he explained.

Organisations can now immediately demonstrate that data within of scope of compliance is protected and the keys are secure.

Applications that do need to decrypt the data will run under a special user ID that can access the decryption key - but such user IDs typically cannot be used to log in to the system, making it harder for hackers to both grab a file and decrypt it. Application development and test environments will be tripled so capacity can be raised without a license increase.

At the heart of the system is what IBM calls the industry's fastest microprocessor, which runs at 5.2GHz and boasts a new scalable system structure which offers a 35% capacity increase in terms of traditional workloads compared to the previous-generation z13. The systems handle 87pc of all credit card transactions, almost $8trn payments a year and 29bn ATM transactions each year, worth almost $5bn per day. And the Z is faster overall, regardless of the task at hand: there's three times the memory (a hefty 32TB), three times faster input/output and much lower lag when talking to a storage area network. It supports 2,000,000 Docker containers and 1,000 concurrent NoSQL databases.

For example, it also announced today the launch of IBM Cloud BlockChain data centers in six cities worldwide.



Other News

Trending Now

Himax Technologies (NASDAQ:HIMX) Earning Positive News Coverage, Analysis Shows
The current share price indicates that stock is -26.85% away from its one year high and is moving 64.14% ahead of its 52-week low. Canada Pension Plan Investment Board increased its position in shares of Himax Technologies by 2,325.6% in the first quarter.

Barclays and former executives set for January trial over Qatar fundraising charges
The four former executives are the most senior bankers to be charged for events that occurred during the financial crisis. None of the defendants were arraigned today (mon) and will not be asked to enter their pleas until sometime next year.

Jordan soldier who killed US trainers jailed for life
The parents of one of the slain United States troops and the father and sister of another were present during Monday's session. Jordan initially said the Americans triggered the shooting by disobeying entry rules, a claim that was later withdrawn.

Commercial Metals Company (CMC) Rating Lowered to Sell at Zacks Investment Research
The Company's Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. Meadow Creek Investment Management LLC increased its stake in shares of Commercial Metals Company by 13.6% in the first quarter.

UAE Behind Hacking Attacks on Qatar's Media Aimed at Provoking Diplomatic Row
The subsequent inquiry into the alleged hack used investigators from the Federal Bureau of Investigation . The Federal Bureau of Investigation was previously known to be working with Qatar to probe the hacking.

Washington Prime Group Inc Cmn (WPG) — Trending Stock Buzz
Over the last five days, shares have managed 7.7% gains and now is up 12.81% since hitting its 200-day moving average of $72.02. BidaskClub upgraded Washington Prime Group from a "sell" rating to a "hold" rating in a research note on Tuesday, June 27th.

ETMarkets After Hours: RIL on a new high; ITC smoke clouds FMCG
NSE's Nifty closed above the 9,900 level for the first time at 9,916 with 40 components ending in the green and 11 in the red. MSCI's broadest index of Asia-Pacific shares outside Japan extended earlier gains to climb 0.26 percent by 0630 GMT.