Analysis: REvil’s $50 Million Extortion Effort
annamadeline) • April 23, 2021 10 Minutes Twitter Get Permission
The latest edition of the ISMG Security Report features an analysis of ransomware gang REvil’s threat to release stolen Apple device blueprints unless it receives a massive payoff. In this report, you ll hear (click on player beneath image to listen):
ISMG’s Mathew Schwartz describe how Apple supplier Quanta has been targeted by a the REvil ransomware gang; Dave DeWalt, former CEO of FireEye and McAfee, discuss the increasing importance of a “shift left” strategy;
Gideon Samid of BitMint explain an alternative approach to securing cryptocurrency through “quantum randomness.”
An Alternative Approach to Cryptocurrency Security
May 5, 2021
nickster2407) • April 7, 2021
Gideon Samid, CTO, BitMint
Today s cryptocurrencies are based on cryptographic standards that eventually could be broken via quantum computing, says Gideon Samid of BitMint, which has developed a virtual currency based instead on the concept of quantum randomness.
Samid says relying on algorithmic complexity for cryptography is dangerous because advances in quantum computing could render that approach ineffective. Rather than build more and more complexity and hope that the complexity will withstand an attack, we say don t hinge your security on algorithmic complexity; hinge it on lavish use of randomness, he says.