The 2015 "Nobel IT" Prize has a winner.

An encryption method said to "protect trillions of dollars" has been honored at what is often considered the "Nobel Prize" for information technology.

According to the technology site Engadget, the AM Turing Award, considered the Nobel IT of 2015, will be awarded to two scientists, Whitfield Diffie and Martin E. Hellman, authors of the data encryption topic called "Difie-Hellman Protocol 1976". Both authors of this method will receive a prize of up to 1 million USD. Accordingly, the honoring ceremony will take place on June 11 in San Francisco, USA.

It is known that Diffie is a former security director of software manufacturing company Sun Microsystems, while Hellman is an honorary professor at the prestigious Stanford University, USA.

The above mentioned method is written by two computer scientists based on asymmetric encryption, which is used on all web platforms today. It uses a public key to encrypt data while another key is used to decrypt.

The method is considered "infallible" but many believe that government organizations can still use techniques to break the lock.

The AM Turing Awards body said the security method is used every day to protect "trillions of dollars" in financial transactions and other areas.

According to VnReview