Monthly Archives: May 2023

Central Bank Digital Currency #Tourbillon #CBDC Project

Cybersecurity

CBDC
#Tourbillon, a new project to improve cyber resiliency, scalability, & privacy as a prototype CBDC.

The project has been launched by BIS Innovation Hub’s Swiss Centre and the goal is for the prototype to be finished by mid-2023, and BIS states results will be relevant to both wholesale and retail CBDC.

“To achieve cyber resiliency the project will be experimenting with #quantum-resistant #cryptography. For scalability the project will use an architecture compatible with distributed ledger technology, although not based on it. By making each transaction separate, the system resources scale linearly. The project seeks to verify the linear scalability of the design with realistic parameters.” FinExtra News reported.

Tourbillon aims to create privacy by providing it for the payment sender but not for the recipient. Regulatory and compliance checks will continue to apply.

Central bank digital currency (CBDC) is money that a central bank, like the Bank of England, can produce. It’s called digital (or electronic) because it isn’t physical money like notes and coins. It is in the form of an amount on a computer or similar device. A CBDC is different from cryptocurrency (also known as cryptoassets). Cryptocurrencies are NOT issued by a central bank. A CBDC is simply digital fiat, whereas cryptocurrencies are digital assets on a decentralised network.

Many countries are developing CBDCs, and some have even implemented them!

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.

Is #RSA #Encryption vulnerable to #QuantumComputers?

Cybersecurity

Quantum (Mar 16 2023)
The robustness of RSA encryption has come under scrutiny

In the realm of digital security, encryption plays a vital role in safeguarding sensitive information. For decades, the RSA encryption algorithm has been widely used and trusted for its effectiveness. However, with the rise of quantum computers, the robustness of RSA encryption has come under scrutiny. In this blog post, we will explore the fundamentals of RSA encryption and discuss why it is vulnerable to quantum computing.

Understanding RSA Encryption:

RSA encryption, named after its inventors Ron Rivest, Adi Shamir, and Leonard Adleman, is a widely adopted public-key encryption algorithm. It relies on the difficulty of factoring large numbers into their prime factors. The security of RSA encryption is based on the assumption that factoring large numbers is a computationally intensive task for classical computers.

Quantum Computing Threat:

Quantum computers, utilizing the principles of quantum mechanics, have the potential to revolutionize computing power. One of their most significant threats to classical encryption algorithms lies in their ability to perform Shor’s algorithm efficiently. Shor’s algorithm can factor large numbers exponentially faster than classical algorithms, posing a significant risk to RSA encryption.

Breaking RSA with Quantum Computers:

In RSA encryption, the public key consists of a product of two large prime numbers, while the private key relies on the knowledge of the prime factors. Shor’s algorithm can factorize these large numbers efficiently, thus compromising the security of RSA encryption. As quantum computers advance in power, they will be capable of breaking RSA encryption with ease.

Post-Quantum Cryptography:

To combat the vulnerability of RSA encryption to quantum computers, researchers are actively developing post-quantum cryptographic algorithms. These algorithms aim to withstand attacks from both classical and quantum computers. Promising alternatives include lattice-based, code-based, and multivariate cryptography, among others. The transition from RSA to post-quantum algorithms will require a careful and coordinated effort from organizations and service providers.

Conclusion:

While RSA encryption has served as a robust cryptographic tool for several decades, the emergence of quantum computers poses a significant threat to its security. As the power of quantum computers continues to advance, the need for post-quantum cryptographic algorithms becomes increasingly urgent. Organizations and individuals must remain vigilant and proactive in adopting and implementing these new encryption methods to ensure the long-term security of their sensitive data in a quantum-powered future.

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.

#PostQuantum #IronCAP Toolkits now available – with NIST-approved PQC algorithms

Cybersecurity

IronCAPToolKits (May 18 2023)

Our IronCAP™ Toolkits can be used by vendors, for example, to build highly secure systems for blockchain security, IoT devices, data storage, remote access, encryption, digital signing, etc. Our NIST-approved post-quantum cryptography (PQC) technologies can protect our customers against ever-evolving illegitimate and malicious means of gaining access to their data, not only from computers today but also from quantum computers in the future. To ensure seamless integration, our IronCAP™ Toolkits is compliant with the OpenSSL, PKCS#11 and OpenPGP (RFC4880) industry standards.

Post-Quantum IronCAP™ Toolkits

Our IronCAP™ Toolkits allows vendors of a wide variety of vertical applications to easily transform their products to ensure safety against cyber attacks from not only the classical world of computers today but also against future attacks from quantum computers.

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.

Don’t Let Your #Email Be a Sitting Duck: The Dangers of Sending #UnencryptedEmails

Cybersecurity

For newsletter banner - 7
Email has become the primary mode of communication in the digital age, both for personal and professional purposes. However, with the ease and convenience of sending emails comes the risk of exposing sensitive information to cybercriminals. One of the most significant risks of sending emails is sending unencrypted emails, which can leave your information vulnerable to interception, theft, and misuse. In this blog, we will discuss the dangers of sending unencrypted emails and the steps you can take to protect your sensitive data.

Unencrypted emails are like postcards; anyone who intercepts them can read their contents without much effort. In contrast, encrypted emails are like sealed letters, which require a key to open and read. Unencrypted emails travel across multiple servers to reach their intended recipient, and each server has access to the email’s contents. Hackers can use several techniques to intercept unencrypted emails, including phishing scams, man-in-the-middle attacks, and email hijacking. Once they have access to your emails, they can steal sensitive information like passwords, bank account details, and other personal information.

The consequences of sending unencrypted emails can be severe. For instance, cybercriminals can use the information they obtain to commit identity theft, financial fraud, and even blackmail. Additionally, businesses that send unencrypted emails risk violating data privacy regulations, which can result in hefty fines and damage to their reputation.

To protect yourself and your business from the dangers of unencrypted emails, consider using email encryption software. Encryption software encrypts your emails, making it difficult for hackers to intercept and read their contents. Some email clients, such as Gmail and Outlook, offer built-in encryption features that you can enable. However, it’s worth noting that the recipient must also have encryption software installed for the email to remain encrypted.

Finally, sending unencrypted emails can leave your information exposed to cybercriminals and put your privacy and security at risk. By using email encryption software, you can protect your sensitive data and ensure that your emails remain private and secure. Remember, an ounce of prevention is worth a pound of cure!

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.