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These malicious encryption attacks that take your data hostage are the most financially harmful attacks for companies. One such scenario involving a user with high privileges happened to a major electronics manufacturer for defense and communications markets in 2020. It’s not uncommon for most data to remain encrypted or corrupted.
NIST has completed a study -- it was published last year, but I just saw it recently -- calculating the costs and benefits of the Advanced Encryption Standard. And I certainly agree that the benefits of a standardized encryption algorithm that we all trust and use outweigh the cost by orders of magnitude.
The year started with the revelation of Spectre and Meltdown – major security flaws affecting processors manufactured by Intel, ARM and AMD. Information including their names, email addresses, and encrypted passwords may have been compromised. For more information on each story, simply follow the links in the transcript on our blog.
In this industry, there's everything from income-producing equipment to conferences to charitable donations to an organisation like Let's Encrypt that can reduce your tax bill (obviously get expert advice on this if you're not sure). Free legal money and there are many, many ways to do it. Ruan Kranz ?? krankit_io) December 27, 2018.
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