IronCAP™ is your Post-Quantum Encryption Solution

Cryptographic technologies are utilized by all industries and government bodies to verify the source and protect the data that they store. With the rapid advancement in quantum computing, we should be aware that our widely deployed cryptographic algorithms that are used to protect our data privacy and communications today will be threatened.  It’s anticipated that a quantum hack is around the corner if not here already.  Business leaders and government officials need to understand the risks and damages associated with quantum hacks and act NOW!  Cryptographic algorithm transitions take time and involve massive coordination effort across many stakeholders in different industries. By preparing now and adopting post-quantum cryptography solutions like IronCAP™ can ensure a more orderly, less costly, and modestly disruptive changeover.

IronCAP™ is designed to operate on conventional computers.  It is built on the longest time-tested Goppa code-based theory recognized by the world of post-quantum cryptography study field.  By introducing sophisticated linear codes and error syndromes into your data, our cryptography confuses even quantum computers and prevents any of your information from being compromised.  Hence IronCAP™ can safeguard against cyberattacks from today’s classical computers as well as quantum computers.

IronCAP™’s post-quantum cryptography can be used in all kinds of vertical solutions such as digital identity, email/file encryption, remote access/VPN, cloud storage, 5G/IoT, blockchains, financial transactions, etc. The IronCAP™ API is compliant with the PKCS#11 and OpenPGP (RFC4880) industry standards, allowing vendors to transform their applications or systems seamlessly to quantum-safe.

Protect your data in motion, at rest and in use with IronCAP™ today and in the quantum computing era.  To learn more, visit www.ironcap.ca.

Quantum Hacks could be the “Cyber Pearl Harbor”

It’s a known fact that quantum computers are here and readily available for anybody to use. You read that right!  Back in 2019, IBM had already unveiled their first commercial quantum computer.  In the same year, Google claimed quantum supremacy, and even Amazon offered their quantum computers for the public to use via their cloud service BRAKET.  In the summer of 2020, Honeywell announced that their quantum computers were superior to IBM’s and Google’s.  They also claimed they would increase their quantum volume 10X each year.  In December 2020, China’s University of Science and Technology announced their version of quantum computers claiming a million times faster than IBM’s and Google’s.  It’s evident that the global quantum computing race has begun some time ago already.

All of the above is just information available to the open world.  We have no idea what the closed world (i.e. national level) entails. Every day we hear news on cyberattacks at companies or government agencies that seemed unreachable before.  A quantum hack could have very well arrived quietly.  What do you think about the SolarWinds hack? The ransomware attack on the US JBS meat processing company and the Colonial Pipeline? The list goes on. Still got doubts? Here are what industry experts said at our latest quantum-safe readiness webinar.

Florin A. F., Director of CGI Innovation Center Montreal said, “…We think quantum computing is in the future and is a future risk. The reality is that every and each document that is stored today somewhere on a system for a financial institution is actually a potential document that is under attack…”

Asif Qayyum, Managing Director, Digital Security Risk & Controls at PwC Canada said, “…However one thing is for sure that everyone is realizing that the Q-day might have already occurred …..and because a breach that could have happened or a database which is encrypted but lying somewhere there, as soon as that readiness or availability of technology comes into the hand of these adversarial players that is going to explode multi-fold…”

These are just a little excerpt from the valuable insight these leaders provided at the webinar. You can watch the complete webinar here: https://www.youtube.com/watch?v=uy0el3lCosU

It’s believed that quantum hacking is approaching fast. This will render all the current encryptions vulnerable and hence make internet data, banking transactions, emails and etc. defenseless. We CANNOT emphasize enough on the urgency to upgrade the entire digital world to become quantum-safe.

Let’s not forget the ransom demands are a very small fraction of the total damage caused by these cyberattacks. Business shut downs, loss of invaluable data, the PR costs and credibility damage can be hundred times more than the ransom price tag.  And IronCAPTM, the world’s first commercially available quantum-safe encryption solution can safeguard you from cyberattacks today and in the quantum future.  Don’t let quantum hacks become the cyber Pearl Harbor.  All business leaders and government officials should act now.  To learn more, visit www.ironcap.ca.

Combat Ransomware Attacks with IronCAP X™

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.

It’s clear that the ransomware attack problem cannot be practically solved by employee training, zero trust practices or installing antivirus software and other patches. Current ransomware prevention solutions are just like a band aid. Education may help a little bit. Only an email tool like IronCAP XTM with comprehensive, quantum-safe end-to-end encryption and digital signatures will protect you against phishing today and in the fast approaching quantum computing era.  IronCAP XTM is your “shovel ready”, low-cost solution that can fully protect your data a 100% of the time.

Reference:
New York Times

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

Disruptive ransomware attacks are on the rise.  Just in the last few months, 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!

We cannot change how the world runs but we can adapt to the new environments and protect ourselves with the best available.  To find out more about how IronCAP X™ can help you to eliminate phishing attacks, visit https://www.ironcap.ca/ironcap-x/

 

References:

The Financial Star

Cybersecurity a Top Concern for World Leaders

This year alone we saw two major cyber-attacks in the United States of America – the SolarWinds hack and the Colonial Pipeline ransomware cyber-attack. They have shown us a mirror on how vulnerable other countries are to similar attacks. Government bodies and infrastructure have not been the only targets – the healthcare sectors, finance industries, educational institutions, travelling industries, cybersecurity providers, and the list goes on.  Everyone has witnessed or even suffered from a massive cyber-attack in the past one year.

These cyber-attacks have shown clearly that we MUST upgrade our cybersecurity measures. The world is not equipped to handle cyber-attacks today.  It is unimaginable what can happen with the arrival of quantum threats.

According to The Wall Street Journal, recent ransomware attack victims, Colonial Pipeline and the chemical distribution firm Brenntag had both paid the equivalent of $4.4 million ransoms, while the JBS meat processing company had paid $11 million to end the cyber attack.  After Colonial Pipeline’s payment was announced, their CEO Joseph Blount said, “I didn’t make it lightly.  I will admit that I wasn’t comfortable seeing money go out the door to people like this. But it was the right thing to do for the country.”

A survey conducted by the security firm Kaspersky suggested more than half of the ransomware victims in 2021 paid up to regain access to their own information.  This has not just caused monetary loss but also credibility loss.

It is imperative that all business and government leaders should act NOW.  It is far cheaper to upgrade your security measures with IronCAP™ than paying a hefty ransom to hackers.  IronCAP™’s patent-pending post-quantum cryptography is designed to be integrated with all kinds of vertical solutions such as email/file encryption, remote access/VPN, cloud storage, 5G/IoT, blockchains, financial transactions, etc.  Based on the “un-crackable” 50-year Goppa code-based theory, proven “un-hackable” in global hackathons (2019-2021) and endorsed by numerous industry experts, IronCAPTM can safeguard you from cyber threats today and in the quantum computing era.

To learn more, please visit www.ironcap.ca

References:
WSJ article

Cybersecurity is front and center

We have seen a massive ramp up in cyberattacks – SolarWinds, Colonial Pipeline, the world’s largest meat processing company JBS, giant gaming publisher Electronic Arts (EA), and the entire Irish health care system. That’s just the tip of the iceberg – statistics show about 91% of attacks are launched with a phishing email. The world is being hit by a Tsunami of cyberattacks and the winds are only going to get stronger with the fast-approaching quantum computing era.

The SolarWinds hack alone have exposed the databases of literally hundreds of government agencies and huge corporations. According to The Wall Street Journal, several U.S. agencies, including parts of the Pentagon, the Department of Homeland Security, the State Department, the Department of Energy, and the Treasury had all been breached.

Let me quote the U.S. Federal Reserve Chairman, Jerome Powell, “Cyberattacks are now the foremost risk to the global financial system, even more so than the lending and liquidity risks that led to the 2008 financial crisis.”

On June 1st 2021, the Biden administration proposed to commit $10 billion on cybersecurity.  Is that enough? What will cybersecurity look like in the quantum future?

With big nations and global tech firms investing billions of dollars in quantum computing research every year, the technology has advanced rapidly in the past two years. Forbes reported that the National Science Foundation (NSF) and the Department of Energy (DOE) had announced the investment of more than $1 billion over five years for quantum information science (QIS) centers. Quantum encryption and quantum hacking are a significant subset of that.

When cyber threats meet quantum computing, it’s a recipe for disaster.  The arrival of quantum computers which have excessive processing power will render current encryption systems, such as RSA, obsolete and leave data unprotected. Business leaders and government agencies must make cybersecurity a front and center issue and act NOW. And IronCAP™, the first-to-market quantum-safe encryption, can help you implement cyber preparedness.

To safeguard your data today and in the quantum future, please learn more at www.ironcap.ca.

 

You Need Post-Quantum Cryptographic Encryption Solutions

Cryptographic technologies are utilized by all government bodies and industries to authenticate, as well as to secure their data and communications ensuring only those intended can access or receive the information. With the advancement of quantum computing, we should be aware that our widely deployed cryptographic algorithms that are used to protect our data privacy and communications today will be threatened.

The National Institute of Standards and Technology (NIST) whose mission is to promote U.S. innovation and is responsible for establishing technology, standards and metrics to be applied to the science and technology industries, gave this guideline in their Cybersecurity White paper published in April, 2021, “Continued progress in the development of quantum computing foreshadows a particularly disruptive cryptographic transition…We cannot accurately predict when a quantum computer capable of executing Shor’s algorithm will be available to adversaries, but we need to be prepared for it as many years in advance as is practical.”

Cambridge Quantum Computing (CQC)’s senior research scientist, Steven Herbert said, “We are now capable of achieving what was previously only a theoretical quantum speed-up. That’s something that none of the existing quantum Monte Carlo integration (QMCI) algorithms can do without substantial overhead that renders current methods unusable.”

Andrew Cheung and his team of crypto scientists at 01 Communique recognized this quantum threat 6 years ago. They are now one of the first-to-market, enterprise level cybersecurity providers for the quantum computing era. They have already released their post-quantum cryptography encryption API, IronCAP™ as well as developed a quantum-safe email encryption product called IronCAP X™. IronCAP™ quantum-safe cryptography can keep digital assets, digital infrastructure, trade secrets and customer data safe from hackers, whether they use traditional computers or quantum machines.

Cryptographic algorithm transitions take time and involve massive coordination effort across many stakeholders in different industries. By preparing now and adopting post-quantum cryptography solutions like IronCAP™ can ensure a more orderly, less costly, and modestly disruptive changeover.

To learn more, visit www.ironcap.ca

References:
NIST Cybersecurity White paper
Quantum Computing

 

The Most Disruptive Cyber-Attack

On May 7th, 2021, Colonial Pipeline, the largest American oil pipeline system that carries 2.5 million barrels of fuel a day delivering 45% of what is consumed on the East Coast of the United States, was shut down by a ransomware attack.

The only surprise – is that anyone is surprised! First the SolarWinds and now this blatantly demonstrates the weak cybersecurity of critical national infrastructure. One thing is certain that we need a more advanced approach towards cybersecurity.

Ever since the Colonial Pipeline ransomware attack has become public knowledge, there has been panic fuel buying in the East Coast of the United States.  Fuel prices have creeped up across the country, and 17 US States and Washington DC have declared states of emergency. CTV news quoted U.S. President, Joe Biden, “We need to invest to safeguard our critical infrastructure.” And Energy Secretary, Jennifer Granholm, said the attack “tells you how utterly vulnerable we are” to cyberattacks on the U.S. infrastructure.

Cyber threats are real and can turn catastrophic with the arrival of quantum computing.  We can prevent these crippling cyberattacks by updating our approach to cybersecurity – becoming quantum-safe.

YES…we are sure that you need IronCAP’s quantum-safe encryption.  It is proven secure, approved by many industry leaders, provides seamless integration and MOST IMPORTANTLY it is IMMUNE to all current attack methodologies used against existing encryption systems such as RSA.

IronCAP’s cryptography can keep your digital assets, digital infrastructure, trade secrets and customer data safe from hackers today and in the post-quantum era.

To learn more visit www.ironcap.ca

References:
BBC
CTV news

Don’t Fall Prey to the Next Phishing Scam

A massive number of people around the globe have fallen prey to phishing scams in the last year or so.  Even computer savvy people fall victim to such scams.

Two recent phishing campaigns aimed at the JP Morgan Chase Bank customers claimed to include credit card statements and warned recipients that their account access had been restricted due to unusual activities.  The motive was clear: to lure victims to click on a malicious link and obtain their account credentials.

The nature of both attacks was to convince the recipients that the JP Morgan Chase bank was reaching out to them for suspicious activities on their accounts. Sneaky cybercriminals know how to press the right buttons, and use social engineering tactics to make their assaults successful. The subject lines, sender names, and content of the email all convey a sense of legitimacy as well as urgency, encouraging recipients to act quickly. Another important aspect is brand impersonation. These emails use the same branding, style, and layout as that of the legitimate emails creating the perfect phishing scam.

Now the question is how to protect yourself from these scams? The answer is simple – strengthen your email security with IronCAP X. Organizations should enhance their email security with end-to-end, quantum-safe email encryption and digital signatures to better detect malicious activities.

IronCAP X, is a proven secure, end-to-end, quantum-safe email encryption software that will let you authenticate and digitally sign your email.  Recipients will know it’s a legitimate email if it’s coming from an IronCAP X user in their contacts.  For added security, the email is encrypted and can only be decrypted by the designated recipient.  It is time we educate ourselves on email security and take measures to prevent data loss.

So why are you waiting? Don’t fall prey to the next phishing scam. To download the IronCAP X FREE personal version, visit https://www.ironcap.ca/ironcap-x/.

Have questions about email security? Reach out to us on TwitterLinkedIn or Facebook. We are here to help.

Reference:
TechRepublic article

Defense against Out-of-Control Cyberattacks

According to the Hiscox Cyber Readiness Report 2021, the proportion of businesses targeted by cyber criminals in the past year has increased from 38% to 43%, with over a quarter of those targeted (28%) experiencing five attacks or more.  Additionally, one in six businesses attacked (17%) said that the financial impact had materially threatened the company’s future.

In 2020 and 2021 we have seen some large-scale data breaches at major global corporations as well as government agencies. These cyber-attacks don’t just expose your data but can also cause severe financial losses, hammer your customer trust and tarnish your company’s reputation.

Gareth Wharton, CEO of Hiscox Cyber said, “One of the big takeaways of this report is the worrying range of financial impacts that cyber-attacks can have…. The risk of inaction is that the next attack could be enough to sink the business.”

How to defend against these out-of-control cyberattacks?  The answer is to implement quantum cryptography.  It is a foolproof way to help preventing not only cyber threats today but also in the fast-approaching quantum era.  And IronCAP’s quantum-safe encryption is the best-in-class quantum cryptography available today.  It has passed the due diligence of its global partners, ascertained secure at 2 global hackathons and most importantly proven IMMUNE to attack methodologies used against traditional encryption systems such as RSA.

Cyber threats are real and ever increasing, and can turn catastrophic with the arrival of quantum computing.  Businesses and government agencies should not just “sit and wait”.  They need to act now to implement IronCAP’s cryptography to protect their data today and in the quantum future.

At IronCAP we strive to create a cyber smart community.  Be cyber smart with us.  To learn more, visit www.ironcap.ca.

Reference:
Insurance Journal
Hiscox Cyber Readiness Report 2021