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Stay secure with the latest encryption news, trends, and best practices in information security. Protect your data with cutting-edge cryptography.

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Background for this topic.

Encryption transforms readable data into ciphertext using an algorithm and a key, so someone who obtains the ciphertext cannot normally understand it without the required key. It protects confidentiality for data in transit, such as traffic between services, and at rest, such as files, databases, and backups. Encryption does not by itself prove who sent data, prevent tampering, or protect plaintext displayed on a compromised endpoint.

Its security therefore depends on implementation and key management. Attackers may target stolen, exposed, or overprivileged keys, weak algorithms or protocols, poor randomness, and systems that decrypt data unnecessarily. Use modern, authenticated encryption where appropriate; protect keys separately from encrypted data with tightly limited access, rotation and revocation procedures, and monitored use. Verify that encryption covers relevant backups and internal service links, while recognizing that lost keys can make recovery impossible and that encrypted traffic may still reveal metadata such as timing or endpoints.

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No time like the present, says central bank The Monetary Authority of Singapore (MAS) advised on Monday that financial institutions need to stay agile enough to adopt post-quantum cryptography (PQC) and quantum key distribution (QKD) technology, without significantly impacting systems as part of cyber security measures.…

Bank Info Security 2 years, 4 months ago

Arrests and Indictments in LockBit Crackdown

US, UK and European Authorities Seize Decryption Keys and Will Contact VictimsAn international law enforcement operation that infiltrated ransomware-as-a-service operation LockBit has resulted in arrests, indictments and the seizure of encryption keys that can be used to help victims recover their data. LockBit emerged in 2019 and was one of the largest ransomware operations.

U.S. and U.K. authorities have seized the darknet websites run by LockBit, a prolific and destructive ransomware group that has claimed more than 2,000 victims worldwide and extorted over $120 million in payments. Instead of listing data stolen from ransomware victims who didn't pay, LockBit's victim shaming website now offers free recovery tools, as well as news about arrests and criminal charges involving LockBit affiliates.

Law enforcement arrested two operators of the LockBit ransomware gang in Poland and Ukraine, created a decryption tool to recover encrypted files for free, and seized over 200 crypto-wallets after hacking the cybercrime gang's servers in an international crackdown operation. [...]

Law enforcement arrested two operators of the LockBit ransomware gang in Poland and Ukraine, created a decryption tool to recover encrypted files for free, and seized over 200 crypto-wallets after hacking the cybercrime gang's servers in an international crackdown operation. [...]