A new technology announced Thursday morning by ID Quantique encrypts data traveling between data centers. One target market is large banks, such as Bank of America, JPMorgan Chase and Citi, that run multiple data centers in the U.S.

The Geneva, Switzerland company has been providing network encryption for about ten years. "When we started, there was new technology coming on the market for data communications called optical fiber," says CEO Gregoire Ribordy. "At the time, people thought optical fiber provided security."

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