IBM unveils IBM Z, capable of running over 12B encrypted transactions per day
IBM unveiled IBM Z, the next generation of the world's most powerful transaction system, capable of running more than 12 billion encrypted transactions per day. The new system also introduces a breakthrough encryption engine that, for the first time, makes it possible to pervasively encrypt data associated with any application, cloud service or database all the time. IBM Z's new data encryption capabilities are designed to address the global epidemic of data breaches, a major factor in the $8 trillion cybercrime impact on the global economy by 2022. Of the more than nine billion data records lost or stolen since 2013, only four percent were encrypted, making the vast majority of such data vulnerable to organized cybercrime rings, state actors and employees misusing access to sensitive information. In the most significant re-positioning of mainframe technology in more than a decade, when the platform embraced Linux and open source software, IBM Z now dramatically expands the protective cryptographic umbrella of the world's most advanced encryption technology and key protection. The system's advanced cryptographic capability now extends across any data, networks, external devices or entire applications - such as the IBM Cloud Blockchain service - with no application changes and no impact on business service level agreements.