IBM Launches New Encrypted Transaction System That Can Even Address Cyberattacks

New mainframe will address cyberattacks, help firms automate compliance, and support 87 percent of all credit card transactions.

7. 18. 17 by Karla Lant
Image by IBM


On July 17, IBM launched the IBM Z to extend the company’s influence in the financial cybersecurity market. The new mainframe system, which can run more than 12 billion encrypted transactions each day, is designed to address cyberattacks aimed at compromising financial data. The IBM Z will also assist firms in automating their compliance process with financial regulations as well as data protection and confidentiality laws.

“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,” IBM Z general manager Ross Mauri said in a press release. “We created a data protection engine for the cloud era to have a significant and immediate impact on global data security.”

Image Credit: IBM

This latest of the “Z” mainframe systems encrypts data 18 times faster than IBM’s other platforms. The company plans to initially use the system as an encryption engine for IBM’s blockchain and cloud computing technology services. The implementation of the mainframe will be the biggest system overhaul for IBM in 15 years.

Protecting Data, Automating Compliance

According to Juniper Research, the cost of criminal data breaches may reach a total of $8 trillion by 2022. In addition, the IBM Security X-Force Threat Intelligence Index indicates that record leaks were up by 556 percent in 2016, with more than four billion records being leaked just in that year. The IBM Z transaction engine supports $8 trillion worth of payments, 87 percent of all credit card transactions, annually.

This new IBM mainframe will help to prevent breaches and automate the compliance process by using transaction encryption technology. This way, user companies can show regulators that the data they store is encrypted in order to comply with new data protection laws, such as the Federal Financial Institutions Examination Council (FFIEC) guidance in the US and the General Data Protection Regulation (GDPR) in the EU.

Care about supporting clean energy adoption? Find out how much money (and planet!) you could save by switching to solar power at By signing up through this link, may receive a small commission.

Share This Article

Keep up.
Subscribe to our daily newsletter to keep in touch with the subjects shaping our future.
I understand and agree that registration on or use of this site constitutes agreement to its User Agreement and Privacy Policy


Copyright ©, Camden Media Inc All Rights Reserved. See our User Agreement, Privacy Policy and Data Use Policy. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Futurism. Fonts by Typekit and Monotype.