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:
- Security gaps leave local governments vulnerable to a variety of cyber threats
August 21, 2024
Cities and counties are beefing up their IT security, and that makes sense, says Augustine Boateng, interim chief information officer (CIO) in Memphis, Tenn. “It’s important to note that local governments have developed a reputation over the years for having lackluster cybersecurity; and not without good reason. As a result, we’re seeing more and more cyberattacks ...
- L.A. Courts Owe Public Full Accounting After July Ransomware Attack
August 19, 2024
The Los Angeles Superior Court has an enormous data and online system that for years remained too vulnerable to hackers. The court began stepping up its monitoring, defenses and response operations less than two years ago, and it belatedly brought on a cybersecurity officer – a standard move for any large organization, public or private ...
- FBI: Ransomware Disruptions during Voting Periods Will Not Impact the Security and Resiliency of Vote Casting or Counting
August 16, 2024
The Federal Bureau of Investigation (FBI) and the Cybersecurity and Infrastructure Security Agency (CISA) are issuing this announcement to inform the public that while ransomware attacks against state or local government networks or election infrastructure could cause localized delays, they will not compromise the security or accuracy of vote casting or tabulation processes Ransomware affecting state ...
- Rogue AI is the Future of Cyber Threats
August 15, 2024
Yoshua Bengio, regarded as one of the “godfathers” of artificial intelligence, has likened the now-ubiquitous technology to a bear. When we teach the bear to become smart enough to escape its cage, we no longer control it. All we can do after that is try to build a better cage. This should be our goal with ...
- Enzo Biochem ordered to cough up $4.5 million over lousy security that led to ransomware disaster
August 14, 2024
Biotech biz Enzo Biochem is being forced to pay three state attorneys general a $4.5 million penalty following a 2023 ransomware attack that compromised the data of more than 2.4 million people. New York’s attorney general Letitia James announced the news on Tuesday after an investigation into Enzo’s incident concluded, finding various cybersecurity malpractices that led ...
- Musk Blames DDoS Attack For 40-Minute Delayed Start to Trump’s X Livestream
August 13, 2024
Technical difficulties delayed former President Donald Trump’s live conversation with Elon Musk on X by over 40 minutes. Musk blamed the issues on a distributed denial-of-service (DDoS) cyberattack, in which a bad actor seeks to overload a target server with traffic, rendering it unusable. His claims could not be verified. “We unfortunately had a massive distributed ...

