The HTTPS protocol uses an asymmetric algorithm to establish a secret key between the browser and server. Both the client and server then use the same secret key (i.e., using a symmetric algorithm) to encrypt and decrypt the data in motion.
Why does the HTTPS protocol do this?
Why not simply use an asymmetric algorithm to encrypt and decrypt the data in motion? In the description of be reluctant to trust for the personal finances application, why should the team responsible for the application periodically verify the encryption being used by the cloud service? Why not verify this once and be done with it?
The argument for having an open design is supported by the phrase two heads are better than one. Having many people looking at your design would likely result in finding more defects and vulnerabilities. Can you think of a scenario where open design would result in more security risks, not less?
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