Word: transferable
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Dates: during 1980-1980
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...system, designed to reduce the number of codes the banks have to keep track of, standardized (and easily obtainable) tables are used for the codes that designate the total amounts being transferred. For example, if Bank A has an account at Bank B and instructs Bank B to transfer sums totaling $191,975 from that account to three others, that total can be coded by checking the STK tables for the code for 191 (which is 5,580) and 975 (5,359). Adding the two code numbers produces a sum of 10,939, which, with other code numbers, adds...
Goldberg, a London computer security expert, had been analyzing the new system, which is called the Standard Test Key (STK). Like existing systems, it was designed to check the accuracy of messages that authorize the transfer of money from one account in a bank to another. In these messages, some information -such as the names of the banks, the date and the total amount to be transferred-is given a code number, assigned by one of several methods. These numbers are added up to give a number called the Test Key at the end of the message. Any error...
What Goldberg discerned is that a little transposition could be profitable. The sum $975,191 would also result in the same two code numbers. But that would be $783,216 more than the $191,975 total of the amounts to be transferred to the three accounts. Thus, Goldberg figured, an electronic thief could add to the genuine message a fourth instruction: to transfer $783,216 to an account the thief had set up at Bank B just for that purpose. The STK code would be unchanged, and the bank would remain unsuspecting until it reconciled its account with the sending...
...transfer period this spring to improve ratios in those Houses...
...Western reporters: "Those are not enough at all. A declaration having all the conditions that we asked for must be published." The following morning, however, Swiss Ambassador Eric Lang delivered a third message from Carter assuring Banisadr that the U.S. would not try to score propaganda points from transfer of the hostages. Said Banisadr to an aide: "It is what I wanted. I just hope somebody doesn't stick his foot in his mouth at the White House." To Banisadr's satisfaction, Powell promised in Washington: "We intend to continue to be restrained in our words and actions...