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Post-Quantum Cryptography: Finally Real in Consumer Apps?

Post-Quantum Cryptography: Finally Real in Consumer Apps?

Sep 29, 2023 Quantum Computing / Network Security
Most people are barely thinking about basic cybersecurity, let alone post-quantum cryptography. But the impact of a post-quantum world is coming for them regardless of whether or not it's keeping them up tonight.  Today, many rely on encryption in their daily lives to protect their fundamental digital privacy and security, whether for messaging friends and family, storing files and photos, or simply browsing the web. The question experts have been asking for a long time, with their eye on the advances in quantum computing, is, "How long before these defenses fail?"  The ticking clock of quantum computing One set of researchers is already sounding the alarms,  claiming  that they've found a way to break 2048-bit RSA encryption with a quantum computer. While the claims may be premature, they hint toward a scary future that is perhaps closer than we once thought. Breaking RSA encryption would represent a massive privacy and security vulnerability for virtually every
Single-Core CPU Cracked Post-Quantum Encryption Candidate Algorithm in Just an Hour

Single-Core CPU Cracked Post-Quantum Encryption Candidate Algorithm in Just an Hour

Aug 03, 2022
A late-stage candidate encryption algorithm that was meant to withstand decryption by powerful quantum computers in the future has been trivially cracked by using a computer running Intel Xeon CPU in an hour's time. The algorithm in question is SIKE — short for Supersingular Isogeny Key Encapsulation — which made it to the  fourth round  of the Post-Quantum Cryptography (PQC) standardization process initiated by the U.S. Department of Commerce's National Institute of Standards and Technology (NIST). "Ran on a single core, the appended  Magma   code  breaks the Microsoft  SIKE challenges  $IKEp182 and $IKEp217 in about 4 minutes and 6 minutes, respectively," KU Leuven researchers Wouter Castryck and Thomas Decru  said  in a new paper. "A run on the SIKEp434 parameters, previously believed to meet NIST's quantum security level 1, took about 62 minutes, again on a single core." The code was executed on an Intel  Xeon CPU E5-2630v2  at 2.60GHz, which w
Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Feb 14, 2024Financial Security / Cyber Threats
The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security measures obsolete. The challenges are compounded for community banks that must safeguard sensitive financial data against the same level of sophisticated threats as larger institutions, but often with more limited resources. The FinServ Threat Landscape Recent trends show an alarming increase in sophisticated cyber-attacks. Cybercriminals now deploy advanced techniques like deep fake technology and AI-powered attacks, making it increasingly difficult for banks to differentiate between legitimate and malicious activities. These developments necessitate a shift towards more sophisticated and adaptive cybersecurity measures. Take these industry statistics, for example. Financial firms report 703 cyberattack attempts per week.1 On average, 270 attacks (entailing unauthorized access of data, appl
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