alphadogg writes "A pair of MIT professors and security researchers whose work paved the way for modern cryptography have been named winners of the 2012 A.M. Turing Award, also known as the 'Nobel Prize in Computing.' Shafi Goldwasser, the RSA Professor of Electrical Engineering and Computer Science at MIT and a professor at the Weizmann Institute of Science in Israel, and Silvio Micali, the MIT Ford Professor of Engineering, are recipients of the award, which will be formally presented by the Association for Computing Machinery on June 15 in San Francisco. According to the ACM: 'By formalizing the concept that cryptographic security had to be computational rather than absolute, they created mathematical structures that turned cryptography from an art into a science.' Goldwasser and Micali will split a $250K prize."
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