Abstract
This project is done to assess the field of cryptography, how it works, and different types of ciphers that are used in cryptography for encryption and decryption with the use of secondary data. After describing various ciphers with examples, there is a personal recommendation to make a stronger cipher. Then, this project explores the use and impact of cryptography on banking industry by explaining how cryptography is used especially in ATMs and online banking and how it affected the banking industry. The project describes the encryption method that has been a national standard in US and then it explores the method used specifically by Triton ATM and provides an option that Triton could implement.