SSL is the Secure Socket Layer, a protocol of Internet communication that encrypts data leaving point A and decrypts it when it arrives at point B. The entire purpose of SSL certificates and HTTPS usage is to make data difficult or impossible to use if it’s intercepted. If, for example, there was a malicious server between point A and point B, that logged and saved all data passing through it, data encrypted by SSL would be impossible to use.
For this reason, SSL is by default required for virtually all financial transactions online. Consider a more physical scenario, one that isn’t really feasible but which illustrates the point. Say that you want to buy something from a store. You select your item and stand next to it in the aisles. You then write down the item name and product number on a piece of paper, put your credit card on top of that paper, and hand it to someone walking down the aisle. They bring it to the end of the aisle, where it is handed off to someone else, who brings it to the front of the store. At the front of the store, someone else takes it and brings it to the cashier. The cashier then rings up your transaction.
Would you shop at a store that used that process? Ignoring, of cours…Read our latest article