Barclays will protect transactions with shifting code generator based on Enigma, which encrypted German messages in WWII.
British banking giant Barclays is planning to adopt a new system to improve credit card security, based on encryption technology used by the Nazis during World War II.
According to the British daily The Telegraph, inventors David Taylor and George French based their design on Engima, a coding machine invented at the end of World War I and used by the Nazis from the 1930s onward to encrypt messages by producing different combinations of numbers at various intervals, leading to constantly changing codes. Taylor and French, along with Barclays, have secured a patent for the invention.
A spokesman for Barclays told The Telegraph that the bank is “constantly looking at ways of tackling fraud and protecting customers” and therefore has backed “an innovation that would see a CVV code that changes dynamically put onto a physical card, in order to tackle online purchasing fraud.” Read more…
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