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The podcast discusses the importance of encryption in protecting private information online, the history and significance of encryption in finance, the early days of cryptography and public key encryption, the reliance on mathematical functions for encryption, the security of internet encryption and the potential impact of quantum computers, and the future of building lives and relationships online with encryption
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- Encryption is essential for protecting private information online, providing security during transactions and verifying website authenticity.
- The pursuit of a perfect lock in cryptography has led to advancements in encryption and cryptographic tools, while also posing potential risks to internet security.
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Importance of Encryption in Internet Security
Encryption plays a crucial role in protecting private information on the internet. It acts as a mathematical cloak, transforming readable information into incomprehensible gibberish. This ensures that sensitive data, such as credit card numbers and personal identities, remain secure during online transactions. Encryption is the foundation of building trust on the internet, as it verifies the authenticity of websites and keeps private information hidden from potential hackers. It is estimated that 95% of the web traffic on platforms like Google is encrypted, illustrating the widespread usage of encryption in our daily online lives.
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