The Economic Impacts of NIST's Data Encryption Standard (DES) Program
Abstract:
The electronic transactions occurring routinely today in businesses and households have their basis in technological developments of just a few decades ago. These include vastly improved computing power, increased accessibility to communications through the development of the Internet and World Wide Web, and the implementation of behind the scenes technologies that assure the privacy and security of these various transactions. Encryption algorithms and methods are among those technologies that are less apparent to casual or business users, but are central to virtually every funds transfer, business-to-business data transfer or internal company data input and output today. This report examines the evolution and economic significance of NISTs Data Encryption Standard DES Program. DES was developed by the National Institute of Standards and Technology NIST, formerly the National Bureau of Standards, NBS for protecting sensitive, unclassified.