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Your encrypted data is already being stolen

  • What: Adversaries are harvesting encrypted data now for future decryption using quantum computing.
  • Impact: Financial institutions are at risk due to long-term exposure of sensitive identity and transaction data.
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Quantum computing is often treated as a distant, theoretical cybersecurity issue. According to Ronit Ghose, Global Head, Future of Finance of Citi Institute, that mindset is already putting financial institutions at risk. The biggest misconception, he says, is that quantum threats begin on a single future Q-day, when quantum machines suddenly crack encryption. In reality, adversaries can harvest encrypted data today and decrypt it later, creating long-term exposure for banks handling sensitive identity and transaction … More → The post Your encrypted data is already being stolen appeared first on Help Net Security .

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