Re:Unencrypted? (Score 1)

What I find to be the most annoying part of the story is that People's Bank transmitted the data to Mellon Bank encrypted. Mellon then decrypts the data, puts it on a tape and loses the tape! I work as an integration architect for a pretty large insurance company. Every piece of private information that is transmitted externally or between hosts internally is encrypted. We also use mutual authentication to reduce the chances of sending the encrypted data to the wrong place. Every laptop or desktop hard drive is encrypted. If I lose my laptop the thief will not be able to read the data on my hard drive unless he knows my password. We have this heightened level of protection for all information and Mellon puts an encrypted tape in a van and loses it?