Category Archives: IronCAP

#BNBChain Halted After Suspected $536M Hack

A wallet worth over $536 million started acting erratically, prompting the #BNBChain to halt completely!

BNB Chain has been halted after a large BNB holder started displaying erratic on-chain behaviour, suggesting a hack. The erratic nature of the wallet’s on-chain activity suggests it may have been compromised. Stablecoin issuer #Tether has also already stepped in to blacklist the address, preventing it from sending USDT to new wallets.

While the hackers were able to get away with roughly $100 million, the potential amount could have been as much as $570 million.

Patrick Hillmann, chief communications officer at crypto exchange Binance, commented that BNB validators noticed some strange activity taking place on BSC Token Hub, one of the platform’s bridges ,and came to the conclusion the bridge was being utilized to mint additional BNB tokens. He compared the exploit to a group of thieves breaking into the U.S. Federal Reserve, printing their own money and then walking away with it. “What we’re seeing here is that as we see more of these attacks on bridges, the communities that rally around these blockchains are getting much better at shutting them down quickly, updating their systems and being able to prevent a worst case scenario from happening,” Hillmann said.

This hack has a strong smell of a quantum hack although no one can say for sure. This is because the cause of the hack was most likely that the private key of a huge account was compromised. This is exactly the weakest link of crypto facing quantum.

“While it is unknown about what exactly is the cause, this must be some how related to the private key being compromised whether it is bug in the wallet or a reverse engineering of the public key via quantum computer. It is now crystal clear what would happen when a private key is compromised by a quantum hack” said Andrew Cheung, President, 01 Communique.

Quantum-resistant encryption research is a hot topic because it is felt that quantum computers are almost certain to become prevalent and sufficiently powerful to crack existing encryption algorithms. It is therefore prudent to prepare crypto that can survive future attacks, so that data encrypted today remains safe tomorrow, and digital communications can remain secure.

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.

You Can Stop #Ransomware Attacks Today. So Why Wait?

Disruptive ransomware attacks are on the rise.

Just in the last few years, we witnessed the LinkedIn data breach, the JBS attack, the SolarWinds hack, the Kaseya ransomware attack and many more. It is evident that making cybersecurity front and center is critical. Industry experts are expecting the global cybersecurity market to surpass USD $400 billion in 2028. All these signal that not only business leaders but ordinary people using the internet should not wait for a bad incident to occur before making a move.

In June 2021, LinkedIn data was compromised. The records of 700 million clients are now for sale on the dark web. This happened in the blink of an eye but what is worse is the ripple effect for users that used important passwords for LinkedIn. Even if their passwords were not breached, there is still valuable data that can be used for identity theft and phishing attempts. Hackers are constantly phishing for data, sending out millions of fake security alerts and bank alerts email everyday. If they can provide some “legitimate” information (from the breached data) on their phishing email, they will look more convincing and recipients are more prompted to click on the malicious links.

Think about this – LinkedIn, JBS, Colonial Pipeline and all other multi-billion-dollar corporations have unlimited resources to safeguard their data but still got hacked, what are the chances that smaller companies can secure their data? The answer is, you have good chances if you secure you email communications.

Most ransomware attacks come from phishing emails. You click on just one malicious link and you risk having your private information breached, email message content and attachment being intercepted and altered, and suffering financial and creditability damages. Therefore, you should secure your emails today. IronCAP X™ is THE SOLUTION TO STOP PHISHING!

IronCAP X™ is easy to install, a is user-friendly and a cost-effective solution. Its quantum safe, end-to-end email encryption eliminates the intermediary server, and its digital signature feature authenticates a legitimate sender from a malicious one. IronCAP X™ will be your armor to eliminate ransomware attacks. An ounce of prevention (IronCAP X™) is worth a pound of cure (data loss). The choice is yours!

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.

All Data Today is #Quantum Vulnerable, act now!

Quantum threats are very real and we must become quantum-safe now in order to beat Q-day.

In the last few years we have seen a continuous upward trend in the number of cybersecurity breaches, with the record high being broken month-over-month. It is about time companies need to improve their cybersecurity defenses. The number one thing they need to be aware of is that the current encryption that protects their data is NOT GOOD ENOUGH.

In 2021, approximately 281.5 million people have been affected by a data breach.  More than 60% of the U.S. information security professionals said ransomware is as serious as terrorism. According to IBM, the average cost of a data breach is over $4 million and Mimecast estimates the average ransomware demand against US companies is over $6 million.  Even more alarming, Cybersecurity Ventures expects global cybercrime cost to reach $10.5 trillion USD annually by 2025.

It has been proven in the last two years that it’s a child’s play to phish individual’s private data; and no magic to breach the cybersecurity defenses of a multimillion-dollar company. This will get even more disastrous with quantum advancements headed our way.  Nation states and tech giants are already spending millions on quantum advancements. For example, on August 26th 2020, the U.S. Department of Energy (DOE) budgeted $625 million for quantum advancements. In 2021, Honeywell Quantum Solutions and Cambridge Quantum achieved a quantum volume of 1,024 and demonstrated real-time error correction that enables quantum machines to do more significant calculations with fewer qubits. And most recently in 2022, research led by the University of New South Wales, Sydney has proven that a near error-free quantum computing is possible, paving the way for large silicon-based quantum processors for real-world manufacturing and application.

Q-day, the day when quantum computers render all current encryption meaningless will soon be here, and may have even arrived already.

Government agencies across the globe are scrambling to find the best quantum-safe methodology. Among them the highly regarded NIST (National Institute of Standards and Technology) in the US is still two years away from announcing their “preferred method”.  It will be a big mistake to leave our data at risk of quantum threats now and wait for two more years.   Fortunately, a group of crypto-scientists have pioneered the development of IronCAP™ starting several years ago.  It’s a patent-protected quantum-safe encryption technology based on Goppa code-based system – 1 of the 5 favorable post-quantum cryptographic approaches recommended by NIST at this time.  IronCAPTM is readily available for people to deploy on their classical computers today. It can be integrated with all kinds of vertical solutions such as email/file encryption, remote access/VPN, cloud storage, 5G/IoT, blockchains, financial transactions, etc., and safeguard you from cyber threats today and in the soon to arrive quantum computing era.

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.

Combat #Ransomware Attacks with #IronCAP

Don’t be left out in the cold – Combat Ransomware Attacks with IronCAP!

Cyber extortions are crippling critical infrastructures, healthcare systems, government agencies and businesses around the world. In 2021 alone we saw some large-scale scum hacks and ransomware attacks. In early May Colonial Pipeline paid $5 million to the DarkSide ransomware gang and in June, the meat processor JBS paid $11 million to the Russia-based REvil gang. Hackers are using simple phishing tools, making you believe it is a legitimate email, to gain access to your sensitive information.

Top US officials have recently ranked ransomware attack as a national security threat. According to The New York Times, President Biden put this issue at the top of his agenda for his June meeting with Russia’s president, Vladimir Putin, and had given him forceful warnings for his inaction against those ransomware operators tied to Russia.  President Biden had also requested his lawmakers to work on several bills that would, among other things, require a wide range of companies including critical infrastructure operators to report attacks to the government.

The F.B.I. Internet Crime Report for 2020 listed 2,474 cyberattacks in the United States, with losses totaling more than $29.1 million. The reality is probably of a much greater magnitude. The German data-crunching firm Statista has estimated that there were 304 million cyberattacks worldwide in 2020, a 62% increase over 2019.

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.

#IronCAP Completes PoC #QuantumSafe #Blockchain

All the technical objectives necessary to integrate IronCAP™ into the Solana blockchain have been achieved!

Not just by providing a quantum-safe blockchain that supports smart contracts, but also retaining Solana’s ultra-fast throughput. “The technology we developed for this project is independent of the type of blockchain that is in use and as such it can be applied to not only the Solana blockchain but also other public blockchains such as Bitcoin, Ethereum, as well as most private business blockchains. The method of integration is unique and; therefore, we plan to file a patent application along with our partner, Talent Summit who has accepted and paid for the delivery of the Proof of Concept (“PoC”).  Our next step will be to create and demonstrate a quantum-safe wallet while Talent Summit will plan for commercial development and launching of QNT – Quantum Native Token,” said Andrew Cheung, President and CEO of 01 Communique.

As previously announced, the Company was commissioned to develop the World’s First Quantum-Safe Blockchain designed for Tokens, NFTs, Smart Contracts for the Metaverse, De-centralized Finance (DeFi). It is expected that this quantum-safe blockchain will be resilient against cyber-attacks, including attacks from Quantum Computers.

“Unfortunately, virtually all blockchains in the world today are vulnerable to quantum computer attacks.  Since blockchain data is meant to be “forever” it is imperative that it is quantum-safe.  This PoC achievement is a very significant milestone and demonstrates our IronCAP™ technology can transform existing blockchains into a quantum-safe version that can be incorporated in Tokens, NFTs, Smart Contracts for Metaverse, DeFi, and more”, said Andrew Cheung.

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.

#Crypto is under attack and it’s losing the battle against #hackers

If you own a crypto wallet, then you could be in big trouble!

Nearly 8,000 digital wallets have recently been drained of just over $5.2 million in digital coins including ’s sol token and (USDC), according to blockchain analytics firm Elliptic. The Twitter account Solana Status confirmed the attack, noting that approximately 7,767 wallets have been affected by the exploit. Elliptic’s estimate is slightly higher at 7,936 wallets.

Phantom said on Twitter that it’s investigating the “reported vulnerability in the solana ecosystem” and doesn’t believe it’s a Phantom-specific issue. Blockchain audit firm OtterSec tweeted that the hack has affected multiple wallets “across a wide variety of platforms.”

Quantum-resistant encryption research is a hot topic because it is felt that quantum computers are almost certain to become prevalent and sufficiently powerful to crack existing encryption algorithms. It is therefore prudent to prepare crypto that can survive future attacks, so that data encrypted today remains safe tomorrow, and digital communications can remain secure.

Due to the uncertain and potentially long time frames, and all of the more immediate threats that businesses are dealing with on a daily basis — there’s “always that risk” that some businesses will just ignore the issue, said Boaz Gelbord, chief security officer at Akamai Technologies.

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.

When it comes to #phishing, you’ve got to be on your toes!

You’ve probably heard of phishing, but do you really know what it is?

Phishing is a type of fraud that involves sending emails that appear to be from a trustworthy source (like your bank) in order to obtain sensitive information like usernames and passwords. The email might look like it’s from your bank but actually directs you to a fake website where you’re asked to enter your personal information.

If you’re not careful, phishing emails can lead to identity theft, credit card fraud, and other problems that can have long-lasting effects on your financial life.

Here are some tips for spotting phishing emails:

  • Look out for typos or strange grammar. If an email seems off or feels fishy in any way, don’t open the link or download any attachments until you’ve confirmed with the company that sent it that they did indeed send it!
  • Look at the sender’s address carefully. Is there an “@” symbol before the “mailto:” symbol? If there isn’t one, then chances are good this isn’t really from who it says it is.
  • Check for signs of urgency (like “act now!”) or threats (“your account has been suspended”). Legitimate companies won’t.

Who hasn’t gotten a phishing email at some point? It’s a common occurrence, and it’s not going away any time soon. But what is phishing? And how can you prevent yourself from being phished?

What is Phishing?

Phishing is a scam that uses fake websites, emails, or texts to trick people into giving up their personal information. These fake sites might look like your bank’s website, for example, but if you enter your login information on them, those thieves can use it to access your accounts.

Phishing is a type of cybercrime where hackers send fake emails pretending to be from a legitimate company or organization in order to trick you into giving up personal information. Phishing emails are often designed to look like they come from a legitimate source, like your bank or a government agency. They might ask you for personal details like your account number, password, or social security number.

It’s easy to fall prey to phishing scams—they’re designed that way! But there are ways you can protect yourself and help stop these harmful attacks from happening. Here’s how:

  • Never click on links in emails that are asking for information about you. If an email asks for sensitive information, go directly to the company’s website (wherever it may be) and log in normally.
  • Look out for typos or bad grammar in emails that ask for personal details. If something looks off, do some more research before responding.
  • Be wary of any email that asks you to reply immediately with sensitive information—that should never happen!

When it comes to phishing, you’ve got to be on your toes.

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.

What are the risks of #QuantumComputers and how do they work?

Quantum computers are not yet in general use, but they’ve been under development for decades.

Quantum computers are not yet in general use, though they’ve been under development for several decades. Quantum computing works with quantum bits (qubits), which are like regular bits but can be in multiple states at once. While it’s difficult to explain exactly how this works, the basic idea is that qubits can represent both 0 and 1 at the same time, giving them an exponential advantage over traditional binary systems. They’re also very fast—a quantum computer with just 300 qubits could theoretically perform calculations millions of times faster than a supercomputer running on classical logic.

In the world of computing, quantum computing is a game-changer. While traditional computers use binary bits to store information in “yes” or “no” states, quantum computers use qubits that can exist in both states simultaneously. This allows them to perform multiple calculations at once and do so much faster than traditional computers. But while quantum computing has many promising applications, such as developing new drugs and materials, it also presents serious risks for businesses operating in regulated industries—and not just because of its potential impact on encryption methods used to protect data stored on cloud servers.

Creating a functional quantum computer requires complex physical infrastructure.

Physically, the hardware of a functional quantum computer is complex. In order to be able to run computations, it must be cooled to extremely low temperatures and isolated from vibrations and other disturbances. These requirements make it difficult to create large-scale quantum computers as they require an enormous amount of energy and cooling capability. Additionally, these computers need enough memory capabilities in order to communicate with each other and process large amounts of data at once.

A functional quantum computer could be used to break existing encryption methods, potentially exposing much of the world’s data to theft and fraud.

Quantum computers could be used to break encryption methods, potentially exposing much of the world’s data to theft and fraud.

A functional quantum computer would be able to break the encryption algorithms used in most current day communications, including emails and banking transactions. This means that any information encrypted using today’s methods would no longer be secure.

As businesses adopt cloud computing as their primary delivery model for IT services, the security of data stored in cloud environments is of paramount importance.

As businesses adopt cloud computing as their primary delivery model for IT services, the security of data stored in cloud environments is of paramount importance. The cloud offers a tempting target for hackers because it has a large attack surface and is highly vulnerable to all the same types of attacks as a traditional network. But there are also new types of attacks that could be launched against clouds, including quantum computing-based attacks.

The prospect of quantum computing being able to break encryption within the next decade or so represents a risk that companies can’t afford to ignore.

The prospect of quantum computing being able to break encryption within the next decade or so represents a risk that companies can’t afford to ignore.

Data encryption is the only way to protect data from being breached, but quantum computing may be able destroy this protection within our lifetimes. Quantum computers are incredibly fast at solving certain types of problems, and they could theoretically be used for good or evil. If you’re not concerned about the risks associated with quantum computing, you should be!

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.

Businesses must address the risks of #QuantumComputing NOW!

The #QuantumThreat is real, and needs to be on the agenda of every company board!

We are still in the early days of quantum computing technology, but it’s clear that this is an area that businesses should be paying attention to. The potential threats and risks associated with quantum computing are serious, but they can be mitigated with proper planning and preparation. It’s time for companies to start taking steps now in order to protect themselves from future problems—and if you don’t believe us, just ask Google!

Remember, quantum computers already exist. And, while today’s commercially-created quantum machines are nowhere near powerful enough to approach quantum supremacy, absolutely nobody knows the true extent of the quantum capabilities of all of the technologically-advanced governments around the world.

The risks of quantum computing are real and growing. As a business operating in a regulated industry, you may think that the threat of quantum computing is theoretical or limited to other industries such as finance or research. However, this is not the case—the risk of quantum computing will affect every industry.

Quantum computers are coming and they’re going to change the way we work. If you’re an executive or a business owner, it’s important that you understand the risks associated with quantum computing and begin taking steps now in order to prepare for what lies ahead.

To get started, consider these tips:

  • Know your options (and don’t be afraid to explore new ones). You may think that your company is too small or too large for quantum-safe encryption, but if this isn’t true then it’s worth exploring all of your options before making assumptions about what can be done.
  • There may also be other technologies available that can help protect against quantum attacks, such as hardware security modules (HSMs). HSM devices connect directly into a company’s systems via USB ports in order to provide additional security measures against any type of cyberattack—including those from quantum computers!
  • It’s important not only that companies understand their own needs when it comes time for new technology but also how these needs fit into larger trends happening within industries like healthcare where patients’ privacy concerns need addressing urgently before any potential interference occurs due specifically because they were unprepared beforehand.

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.

10.6 Million of MGM’s Customer Data Records Leaked After Breach

Hackers Leak Data
10.6 million customer data records were published on a hacker’s forum this week. The hotel chain MGM was breached last year and notified individuals affected afterwards. Personal information contained names, contact information and addresses of many high-profile individuals travelling for business.

“Last summer, we discovered unauthorized access to a cloud server that contained a limited amount of information for certain previous guests of MGM Resorts,” MGM told ZDNet. “We are confident that no financial, payment card or password data was involved in this matter.”

Personal information should be protected by multiple safeguards. Encryption is one important tool. When encrypted personal information is stolen, the encryption must be broken before the records can be accessed and distributed. Powerful computers over time and quantum computers can crack traditional RSA encryption.

IronCAP is a quantum-safe encryption solution. Even if personal information is stolen, when encrypted by IronCAP the data will be inaccessible. Be protected even in the case of a data breach or hack.

Protect your customer’s information and your company’s important data with IronCAP’s quantum-safe encryption. Visit our website for more information or email sales@ironcap.ca to learn more.

Read the full story on ZDNet below:
https://www.zdnet.com/article/exclusive-details-of-10-6-million-of-mgm-hotel-guests-posted-on-a-hacking-forum/” rel=”nofollow”>