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must read: Chinese hackers could steal data now and crack it with quantum
computers later, warns report
HACKERS COULD STEAL ENCRYPTED DATA NOW AND CRACK IT WITH QUANTUM COMPUTERS
LATER, WARN ANALYSTS
Analysts at Booz Allen Hamilton warn that Chinese espionage efforts could soon
focus on encrypted data.
*
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*
*
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By Liam Tung | November 30, 2021 | Topic: Security
x
Inside a cyber mercenary operation: Hacking victims around the world
Watch Now
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00:00 09:04 Settings
Beijing-backed hackers might soon start trying to steal encrypted data -- such
as biometric info, the identities of covert spies, and weapons designs -- with a
view to decrypting it with a future quantum computer, according to analysts at
US tech consultancy Booz Allen Hamilton (BAH).
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"In the 2020s, Chinese economic espionage will likely increasingly steal data
that could be used to feed quantum simulations," the analysts write in the
report Chinese Threats in the Quantum Era.
At risk are data protected by the current algorithms underpinning public-key
cryptography, which some fear may be rendered useless for protecting data once
quantum computers become powerful enough.
--------------------------------------------------------------------------------
Also: Spy chief's warning: Our foes are now 'pouring money' into quantum
computing and AI
--------------------------------------------------------------------------------
The big question is when such a quantum computer might arrive. However, Booz
Allen Hamilton's analysts suggest it doesn't matter that an encryption-breaking
quantum computer could be years off because the type of data being targeted
would still be valuable. Hence, there's still an incentive for hackers to steal
high-value encrypted data.
Recent studies suggest it would take a processor with about 20 million qubits to
break the algorithms behind public-key cryptography, which is much larger than
the quantum processors that exist today. But a quantum computer that threatens
today's algorithms for generating encryption keys could be built by 2030.
The report frames the threat from China around its past cyber-espionage
campaigns and the nation's ambitions to be a major quantum computing player by
mid-2020, as major US tech firms such as Google, IBM, IONQ and others race
towards 'quantum supremacy'.
"China's current capabilities and long-term goals related to quantum computing
will very likely shape the near-term targets and objectives of its cyber-enabled
espionage," the report states.
It's warning cybersecurity chiefs to be aware of China's espionage targeting
encrypted data as an emerging risk.
"By the end of the 2020s, Chinese threat groups will likely collect data that
enables quantum simulators to discover new economically valuable materials,
pharmaceuticals, and chemicals," the analysts warn.
However, they add that while China will remain a major player in quantum
computing, it probably won't surpass the US and Europe in quantum computing by
the mid-2020s.
The consultancy notes that data decryption poses a "high risk" in the 2020s, but
it reckons China's chances to build a cryptography-breaking quantum computer
before 2030 are "very small". Nonetheless, they argue, the distant promise of
quantum and the opportunities at stake will make encrypted data an enticing
target in the years to come.
"Still, the outsized threat of a rival state possessing the ability to decrypt
any data using current public-key encryption rapidly generates high risk," the
report states.
"Encrypted data with intelligence longevity, like biometric markers, covert
intelligence officer and source identities, Social Security numbers, and
weapons' designs, may be increasingly stolen under the expectation that they can
eventually be decrypted."
--------------------------------------------------------------------------------
See also: Dark web crooks are now teaching courses on how to build botnets.
--------------------------------------------------------------------------------
BAH warns that it could take organizations a "decade or longer" to implement an
organizational strategy for deploying post-quantum encryption.
However, the US Institute of Standards and Technology (NIST) is looking for
answers to post-quantum cryptography and selected a shortlist of candidates for
exchanging digital keys and adding digital signatures, as CNET's Stephen
Shankland reported.
As NIST notes, it took almost two decades to deploy our modern public key
cryptography infrastructure.
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