RadCred certifies RSA 2048-BIT to protect users’ personal loan applications
In addition to RSA 2048-BIT, RadCred also uses the services of TrustedSite to scan their site daily for security risks.
/EIN News/ — BURBANK, Calif., June 24, 2022 (GLOBE NEWSWIRE) — According to a report by Global Economic Crime Survey, cybercrime has escalated like never before. Cybercrime, including data breaches, is now the top financial crime. Increasing dependence on digitalization, nearly 55% of the population relies on online tools for their credit needs. RadCred incorporates RSA 2048-BIT protection to protect personal loan application data. To ensure the safety of its customers, the platform is also a member of TrustedSite which periodically scans the website to minimize security vulnerabilities.
About RSA 2048-BIT:
The RSA 2048-BIT is an extension of the already existing RSA 1024-BIT. Essentially, 2048-BIT RSA is a type of symmetric encryption which is responsible for securing the website algorithm. The world seems to be adapting well to quantum cryptography which is all about securing the roadmap of websites. Also, 256 bits is the longest and mathematically most difficult AES key length. It is said that an average computer will take over 300 trillion years to crack the RSA 2048-BIT encryption codes (The source). Since RSA 2048-BIT is also the hardest to crack, the US National Institute of Standards and Technology (NIST) states that the use of security codes less than 112-bit will not be permitted by the federal government (The source). Google validated and incorporated said encryption strength by the end of 2013. However, the current encryption keys are valid until 2030. Currently, federal government departments and agencies, non-governmental entities, commercial enterprises and organizations use the highest BIT. RSA encryption to secure their sensitive information.
RadCred is an online marketplace that connects lenders and borrowers. Its USP is to provide funds on personal loans for bad credit in less than 24 hours to its customers in a secure and instantaneous way. The platform also features lenders who accept loan applications without credit checks. To start the process, there are 3 easy steps to complete the application.
Since its inception, the market has already served and helped millions of people around the world. RadCred is also a member of the Alliance of Online Lenders, which ensures that its members respect a code of conduct and propriety by using safe practices. Online Lenders Association (OLA) protects the interests and rights of users to create a diverse and responsible marketplace. RadCred is based in Burbank, CA and connects borrowers with the best mortgage lenders in the industry at the best interest rates.
Disclaimer: RadCred is not a direct lender and is not involved in the loan process in any way.