Because of Moore's Law, Widely-Used Encryption Programs Currently Employed by Banks

question 13

True/False

Because of Moore's Law, widely-used encryption programs currently employed by banks and ecommerce sites are now easily penetrated by brute-force attacks that can be employed by hackers using just a handful of simple desktop computers.

---

Definitions:

Sales Discounts

A reduction in the price of goods or services offered to customers, usually to prompt early payment or reward bulk purchases.

Gross Price Method

Gross Price Method involves recording inventory at its gross price, before deducting any trade discounts or rebates.

Allowance for Doubtful Accounts

An accounting concept referring to an estimate of the amount of receivables that may not be collected, which is used to reduce the total accounts receivable reported on the balance sheet.

Prior-Period Adjustments

Adjustments made to the financial statements to correct errors or omissions in previously issued financial statements from prior periods.