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:
- Paging A Joint Task Force: Cyber Defense Of Pandemic Medical Infrastructure
March 24, 2020
The ongoing global response to COVID-19 infections has become a critical public health, economic, and national security priority. The crisis has been made worse by ransomware and other disruptive intrusion incidents, threatening the continued provision of healthcare services to patients affected by the disease. U.S. Health and Human Services disclosures of known data breaches — even prior ...
- Puerto Rico Government Hit By $2.6M Phishing Scam
February 13, 2020
A phishing scam has swindled a Puerto Rico government agency out of more than $2.6 million, according to reports. According to reports, the email-based phishing scam hit Puerto Rico’s Industrial Development Company, which is a government-owned corporation aimed at driving economic development to the island along with local and foreign investors. The agency reportedly received an email alleging ...
- A Ransomware Prescription for the Healthcare Industry
January 29, 2020
To paraphrase Mark Twain, reports of ransomware’s death have been greatly exaggerated. Ransomware attacks resumed with a vengeance last year, despite conjecture by some researchers that CPU mining would overtake ransomware as a leading threat vector. Instead, the ransomware threat is stronger than ever, impacting more than 750 healthcare providers and racking up recovery costs approaching $4 billion. Some healthcare ...
- MP Says Austria Unprepared After Cyberattack on Foreign Ministry
January 7, 2020
The Austrian State Department’s IT systems were under a ‘serious attack’ suspected to be carried out by a state-backed threat group according to a joint statement from the Foreign Ministry (BMEIA) and the Ministry of the Interior (BMI). “A coordination committee has been set up on the basis of the Network and Information System Security Act, and ...
- Ransomware: Big paydays and little chance of getting caught means boom time for crooks
November 29, 2019
Ransomware will continue to plague organisations in 2020 because there’s little risk of the cyber criminals behind the network-encrypting malware attacks getting caught; so for them there’s only a small amount of risk, but a potentially large reward. During the last year, there’s been many examples of ransomware attacks where victims have given into the extortion demands of ...
- Modern cyber security bears great resemblance to the Titanic disaster, says Stena CISO
September 19, 2019
Magnus Carling, CISO of worldwide conglomerate Stena AB, likened modern cyber security practices to the oversights which led to the Titanic disaster in 1912. Speaking at Cloudsec 2019, Carling told attendees “the iceberg was innocent. It wasn’t the iceberg that made Titanic sink”, before drawing some obvious comparisons between the famous sinking and modern cyber attacks. Carling ...