Category Archives: IronCAP

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”>

aig-logo

Coming Soon IronCAP X Product Could Have Saved AIG $6M in Cyber-Insurance Payout!

Jeff Stone at CyberScoop reported that Insurance company AIG is responsible to reimburse a $6M loss to a client using their cyber-insurance. The client SS&C Technology was fooled by hackers in 2016, who sent spoofed emails pretending to be a legitimate supplier asking for payment. AIG denied the claim at first. The issue went to federal court and was ruled in SS&C’s favor.

These types of attacks are more common and costly than one might think. “Such attacks, known as business email compromise (BEC) scams, cost organizations an average of $301 million every month in 2018, the U.S. Department of Treasury previously determined.”

IronCAPX is an email security product that is coming soon. IronCAP X allows senders to digitally sign the email, so that recipients can trust the legitimacy of the sender. Moreover, IronCAP X digital signature feature is not only safe today but also in the future world of #quantumcomputers.

For more information, send us a message. For more information about the news, see the original article: https://www.cyberscoop.com/aig-cyber-insurance-ssc-technologies/

#encryption #cybersecuritynews #quantum #ironcap #cryptography #nist #01communique #cyber #datasecurity #infosec #hacking

IronCAP’s $100,000 Hackathon Closes, IronCAP Proves Un-Hackable!

See our video announcement at https://youtu.be/04mXG982J5Q

After much anticipation, IronCAP’s hackathon has come to a close. 517 entrants from around the world patiently wait to hear the results, as do our investors and partners.
We are so excited to announce that not a single hacker was able to crack IronCAP’s encryption! Despite 30 days to adequately study, test and hack IronCAP’s encryption, IronCAP’s encryption engine stood strong.

To our knowledge, IronCAP is the first quantum safe encryption product to successfully survive a hackathon challenge. This hackathon has shown customers and partners that IronCAP is the best choice for post-quantum encryption.

Developments in the quantum computing space are announced weekly. More large companies are entering the space of developing quantum computers (e.g. Intel) and making them more accessible to the world (e.g. Amazon Braket). The implications of stronger chips and greater accessibility are that the need for protection grows by the day. Don’t let your company become vulnerable to these powerful machines because you started your migration efforts too late.

01 Communique is leading quantum safe encryption and working with new customers, partners and investors every day. If you would like to begin integrating IronCAP into your security suite, or partner with us, email mj.tullo@ironcap.ca to get started.
For more information about our hackathon, see our infographic – https://hubs.ly/H0mhHsT0

 

Technology_Speakers_at_Hackathon KickOff

IronCAP’s Tech Talks & Hackathon Kick Off Sold Out!

IronCAP hosted a sold out afternoon of tech talks and celebration. Along with Andrew Cheung, CEO of 01 Communique, other speakers included Jennifer Quaid of Canadian Cyber Threat Exchange (CCTX), Joanna W. Ng of Devarim Design and Lois Tullo ICD.D MBA CPA of the Global Risk Institute! All of the talks were interesting, thought-provoking and slightly anxiety-including. Attendees learned about the state of cybersecurity and how to quantify and manage cyber risk, AI & IOT. Attendees gained a better understanding of quantum computing and the threat it poses to traditional encryption. Andrew and the IronCAP team were excited to share the news about IronCAP’s expert validation, and LIVE public validation – our $100,000 hackathon! Register on our homepage.

 

If you would like Andrew Cheung / IronCAP to do a private presentation of their content at your meetup, workshop, internal company conference, or external conference, please send an email requesting information to mj.tullo@ironcap.ca. Recently, we presented at Leading Cyber Ladies Meetup: https://www.linkedin.com/feed/update/urn:li:activity:6597716376566272000/

More information about each of the speakers are below, along with a link to a clip of their talk found on our youtube channel available shortly (https://www.youtube.com/channel/UCrbGgkSemPtfQgpKX8stySg)

The Cybersecurity Speaker was Jennifer Quaid, Chief Operating Officer at the Canadian Cyber Threat Exchange (CCTX)! Jennifer discussed the current state of cyber threats, the cost of complacency and the growing importance of collaboration in securing ourselves. She also shared the potential impact of quantum computing on our cyber resilience, as well as some shocking stories about a hack on a Las Vegas Casino.

The Quantum Computing speaker was Andrew Cheung, who is the CEO of 01 Communique. Andrew is a serial entrepreneur and a co-inventor of 7 patents plus several patent-pending applications, with over 25 years of experience in communications, mobile, and cyber security solutions development. Andrew discussed the state of quantum computing and innovations in the field. He also shared news from IronCAP’s public endorsements from Dr. Persichetti in Florida as well as the CIO Review as the editor’s choice for most promising quantum computing solution.

The Risk Management Speaker was Lois Tullo from the Global Risk Institute! She discussed risks, cyber-attacks and the trend of Cyber Dependency. She also discussed risks and opportunities that Quantum computing presents and a framework for managing non-financial risks and trends.

The Artificial Intelligence Speaker was Joanna W. Ng of Devarim Design & IBM Master Inventor! Joanna gave an overview of Artificial Intelligence including intelligent virtual assistants like Amazon’s Alexa, Google’s Assistant etc., an important application of AI. She shared upcoming innovations such as enterprise intelligence enabled by the integration of AI, IOT, 5G and Blockchain.

 

 

 

If you would like Andrew Cheung / IronCAP to do a private presentation of their content at your meetup, workshop, internal company conference, or external conference, please send an email requesting information to mj.tullo@ironcap.ca. Recently, we presented at Leading Cyber Ladies Meetup: https://www.linkedin.com/feed/update/urn:li:activity:6597716376566272000/