ASC X9 Launches New Security Study Groups on Public Key Infrastructure (PKI) and Transport Layer Security (TLS)
Summary
ANNAPOLIS, Md.--( BUSINESS WIRE )--The Accredited Standards Committee X9 Inc. ( X9 ) has formed new study groups that aim to improve security and safeguard privacy for the financial services industry in two related areas: one will look into issues regarding Public Key Infrastructure (PKI) Certificate Authorities and the other will research concerns related to use of the Transport Layer Security (TLS) protocol.The purpose of a Public Key Infrastructure (PKI) is to facilitate the secure electronic transfer of information for network activities such as e-commerce, internet banking and confidential email, where simple passwords are inadequate.This new X9 study group for PKI will seek solutions that protect the financial services industry’s interests while maintaining a strong security and privacy posture for its customers."These new initiatives will provide important additions to the landscape of financial communications security and privacy," said Steve Stevens, executive director of ASC X9.X9 also performs the secretariat function and provides the committee chair for ISO TC 68, which produces international standards for the global financial services industry.