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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

Google Created Faster Storage Encryption for All Low-End Devices

Google Created Faster Storage Encryption for All Low-End Devices
Feb 08, 2019
Google has launched a new encryption algorithm that has been built specifically to run on mobile phones and smart IoT devices that don't have the specialized hardware to use current encryption methods to encrypt locally stored data efficiently. Encryption has already become an integral part of our everyday digital activities. However, it has long been known that encryption is expensive, as it causes performance issues, especially for low-end devices that don't have hardware support for making the encryption and decryption process faster. Since data security concerns have recently become very important, not using encryption is no more a wise tradeoff, and at the same time, using a secure but slow device on which apps take much longer to launch is also not a great idea. Currently Android OS supports AES-128-CBC-ESSIV for full-disk encryption and AES-256-XTS for file-based encryption, and Google has already made it mandatory for device manufacturers to include AES encry

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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