What is encryption?
Encryption occurs for all information going to and from both you and our e-branch online system. Simply stated, encryption is “mumbo jumbo”. Encryption takes meaningful text and numbers and scrambles them into numerical nonsense before transmitting them across the Internet. This process uses complex mathematical formulas to create a key that is used to translate the “mumbo jumbo” nonsense back into meaningful data. There are billions of potential keys and a different one is used for each online session with e-branch online services. The key to be used is established when the online connection is made between your computer and e-branch online services. Your next online session will use a completely different key!
Loosely, encryption is the process of mathematically disguising and transforming data in such a way as to hide its substance. The ISO 7498-2 standard uses the term ‘encipher’ to describe the conversion of plaintext to ciphertext. To ‘decipher’ is to get the plaintext or original data back. In our context, we use a password or passphrase to encrypt or encipher (transform) data into unusable encrypted data. Encryption is simply the encoding of data so that it cannot be read by anyone who does not know the password that decodes it. Thus you can keep your data secure using encryption.
Through encryption, your data (everything from your account numbers to account balances) is converted into a series of unrecognizable numbers before they are exchanged over the Internet. This series of numbers creates a mathematical lock–a lock that only Lake City Bank and your browser have the key to. Lake City Bank works with your Web browser to transform all your banking requests into encrypted strings of data, and then back again to the original requests. Plus, each time you initiate a new internet banking session, a new lock and key combination is randomly created. Cryptography.
Through encryption, your data (everything from your account numbers to account balances) is converted into a series of unrecognizable numbers before they are exchanged over the Internet. We work with your web browser to transform all your banking requests into encrypted strings of data, and then back again to the original requests.
