IBM introduces ‘next generation’ transaction system
IBM on Tuesday unveiled IBM Z, the next generation of what it claims is the world’s most powerful transaction system - capable of running more than 12 billion encrypted transactions per day.
IBM said the new system introduces a breakthrough encryption engine that, for the first time, makes it possible to pervasively encrypt data associated with any application, cloud service or database all the time.
IBM said Z’s new data encryption capabilities are designed to address the global epidemic of data breaches, a major factor in the $8 trillion (Bt269 trillion) cybercrime impact on the global economy by 2022.
It said that of the more than nine billion data records lost or stolen since 2013, only 4 per cent were encrypted, making the vast majority of such data vulnerable to organised cybercrime rings, state actors and employees misusing access to sensitive information.
"The vast majority of stolen or leaked data today is in the open and easy to use because encryption has been very difficult and expensive to do at scale," said Surarit Wuwong, country manager, Systems for Cloud Platforms, IBM Thailand. "We created a data protection engine for the cloud era to have a significant and immediate impact on global data security."
