Symmetric encryption, commonly referred to as pre-shared key encryption, encrypts and decrypts data using the same key. The sender and the recipient must share the same key in order to communicate.Thus, it is true.
With a one-key encryption standard, the key that is used to encrypt the transmitted or stored data must be known by both the sender and the recipient. The Sarbanes-Oxley Act was passed in part to protect the integrity of IT infrastructure being used by organizations.
Therefore, it is true that one-key encryption standard, both the sender and the receiver need to know the key that is used to scramble the transmitted or stored data.
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