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Protect Your Bottom Line: NIST’s New Crypto Standard is a Must-Have

Protect Your Bottom Line: NIST’s New Crypto Standard is a Must-Have

The Dawn of a New Era in Cybersecurity

In a groundbreaking move that heralds a new era of cybersecurity, the National Institute of Standards and Technology (NIST) has officially formalised the world’s first post-quantum cryptography (PQC) standards. This landmark achievement is a critical step in safeguarding our digital world from the potential threats posed by future quantum computers.

The Looming Threat of Quantum Computers

While quantum computers are still in their infancy, their potential to revolutionise computing is undeniable. However, this same power also poses a grave threat to our current encryption methods. Quantum computers have the theoretical ability to break many cryptographic algorithms that underpin our digital infrastructure, including those used to secure online banking, digital signatures, and sensitive communications.

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The 5 Biggest Cyber Threats for Financial Services

The financial services industry, a cornerstone of modern economies, is a prime target for cybercriminals. The allure of vast sums of money, sensitive personal data, and the intricate web of interconnected systems makes it a lucrative hunting ground. This blog delves into the five most significant cyber threats facing financial institutions, providing insights into their modus operandi, potential impact, and strategies for mitigation.

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Deep Packet Inspection (DPI) Evasion: A Critical Threat to MSMEs

DPI is a sophisticated technique network administrators employ to examine the data content within network packets. It’s instrumental in detecting and preventing malicious activities such as malware, spam, and unauthorised access. However, cybercriminals have adapted and developed countermeasures to bypass DPI, a phenomenon known as DPI evasion.

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Siri Bug: A Chasm in Apple’s Security Wall

The Siri bug, a security loophole, allowed malicious actors to bypass device security measures and access sensitive information stored on locked iPhones, iPads, and other Apple devices. This was achieved through voice commands directed at Siri, circumventing the need for a passcode or biometric authentication.