The G7, a collection of some of the world’s most powerful economies, is urging organizations to adopt quantum-resistant encryption as soon as possible and minimize the risk of losing sensitive data to technologically advanced threat actors.
Virtually every industry in the world today relies on encryption (the process of converting readable data into scrambled, unreadable data so that only someone with the correct key can decode and access it) to protect sensitive information. Banks, telecommunications providers, defense organizations, and practically everyone else are using some form of encryption – most probably AES (Advanced Encryption Standard).
Read more…
Source: TechRadar News
Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox
Related:
- NATO enters final phase of project to refresh cyber security technology
April 24, 2022
The NCI Agency announced earlier this year that experts had successfully collaborated with industry partners to upgrade the central management of two cyber security systems: the Network Intrusion Protection/Detection System (NIPS) and Full Packet Capture (FPC) system. This contract award begins the next and final phase of the project, where Atos will replace NIPS and ...
- US govt grants academics $12M to develop cyberattack defense tools
April 22, 2022
The US Department of Energy (DOE) has announced that it will provide $12 million in funding to six university teams to develop defense and mitigation tools to protect US energy delivery systems from cyberattacks. Cybersecurity tools developed as a result of the six university-led research, development, and demonstration (RD&D) projects will focus on detecting, blocking, and ...
- FBI: Ransomware Attacks on Agricultural Cooperatives Potentially Timed to Critical Seasons
April 20, 2022
The Federal Bureau of Investigation (FBI) is informing Food and Agriculture (FA) sector partners that ransomware actors may be more likely to attack agricultural cooperatives during critical planting and harvest seasons, disrupting operations, causing financial loss, and negatively impacting the food supply chain. The FBI noted ransomware attacks during these seasons against six grain cooperatives during ...
- Ukraine says it thwarted Russian cyberattack on electricity grid
April 12, 2022
Ukraine said on Tuesday it had thwarted an attempt by Russian hackers last week to damage its electricity grid with a cyberattack. “This is a military hacking team,” said government spokesman Victor Zhora. “Their aim was to disable a number of facilities, including electricity substations.” Kyiv blamed the attack on a group dubbed “Sandworm” by researchers and ...
- Demand for cyber threat intel growing, White House official says
April 6, 2022
Private sector companies are increasingly asking the federal government for cyber threat intelligence as they seek to shore up their defenses against growing online threats, a White House cyber official told lawmakers on Wednesday. Robert Knake, a U.S. official in charge of budget and policy at the White House’s Office of the National Cyber Director, told ...
- Bank had no firewall license, intrusion or phishing protection – guess the rest
April 5, 2022
An Indian bank that did not have a valid firewall license, had not employed phishing protection, lacked an intrusion detection system and eschewed use of any intrusion prevention system has, shockingly, been compromised by criminals who made off with millions of rupees. The unfortunate institution is called the Andra Pradesh Mahesh Co-Operative Urban Bank. Its 45 ...