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:
- Denmark allocates €12 million for cyber security in Ukraine’s Armed Forces and Defence Ministry within IT coalition
January 24, 2024
Denmark has announced assistance worth more than €12 million to develop the cyber resilience of the systems of the Armed Forces of Ukraine and the Ministry of Defence of Ukraine. As part of the new Ramstein-format meeting on 23 January, Denmark and other member countries of the IT coalition signed a cooperation agreement that outlines the ...
- Water and Wastewater Sector – Incident Response Guide
January 18, 2024
Cyber threat actors are aware of – and deliberately target – single points of failure. A compromise or failure of a Water and Wastewater (WWS) Sector organization could cause cascading impacts throughout the Sector and other critical infrastructure sectors. There are many aspects of the large and complex WWS Sector that pose challenges to raising cyber resilience ...
- JPMorgan spends $15 billion a year on technology, given the risk of a data breach
January 17, 2024
JPMorgan Chase’s banking systems are attacked by hackers 45 billion a day, double what it saw a year earlier. The nation’s largest bank spends $15 billion a year on technology, given the risk of a data breach and the potentially devastating consequences of a successful cyber attack, Mary Callahan Erdoes, chief executive of the bank’s Asset ...
- Distributed Energy Generation Gateway (In)Security
January 11, 2024
Distributed energy generation (DEG) is a term used to describe the shift from centralized energy generation, such as power companies, to a source — typically a renewable energy source — closer to the user. It is most often seen in the form of solar panels on the rooftops of houses or office buildings, but DEG also ...
- Thailand: Elderly to get anti-scam education as cybercrime explodes
January 10, 2024
Alarmed by research indicating that the elderly are the most vulnerable to fraudsters, Thailand’s Ministry of Social Development and Human Security and CIB cybercrime investigators will collaborate with partners to provide digital literacy to senior people nationwide. The minister, Varawut Silpa-archa, stated that more than 13 million people, or almost 20% of the Thai population, are ...
- New York: Refuah Health to spend over $1M on cyber security following ransomware attack
January 8, 2024
A Hudson Valley health care provider will spend more than $1 million on cybersecurity after a ransomware attack leaked patients’ information. An investigation by the state attorney general found Refuah Healthdid not have proper precautions set up to prevent the attack. Read more… Source: Bronx News 12