British cybersecurity fears ‘crypto-apocalypse’

March 26, 2015

British cybersecurity staff fear that a “crypto-apocalypse” could shake the foundations of trust in digital keys and certificates, according to a survey from the security vendor Venafi.

More than half of respondents to the UK-wide survey believed that trust in such technology was in jeopardy, with the potential risk to businesses in Britain expected to reach £33m over the next two years.

Kevin Bocek, VP of security strategy and threat intelligence at Venafi, said: “The overwhelming theme in this year’s report is that online trust is at the breaking point. And it’s no surprise.

“Leading researchers from FireEye, Intel, Kaspersky, and Mandiant, and many others consistently identify the misuse of key and certificates as an important part of APT and cybercriminal operations.”

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