A new report by cybersecurity firm Semperis reveals that ransomware gangs are increasingly launching attacks during weekends and holidays when organisations are less equipped to respond. The study found that 86 percent of ransomware incidents occurred during off-peak times as companies often scale back their security operations centre (SOC) staffing. While most organisations claim to run 24/7 SOCs, 85% admit to reducing staff by up to half on weekends and holidays, leaving critical systems more exposed. According to Dan Lattimer, an area vice president at Semperis, many organisations cannot afford the high cost of maintaining full SOC coverage each day. He noted, for example, that some organisations assume they are less exposed to risk during weekends because fewer employees are online to fall prey to phishing attacks. Others perceive their exposure being low because they have never had a threat in the past, further reducing the monitoring effort.
Why Cybercriminals Prefer Off-Peak Hours
Attackers leverage these openings to elevate the chances of their success. Performing attacks during weekends or holidays gives them a relatively longer timeframe to conduct an operation secretly so they can encrypt files and steal sensitive information with little hope of interfering soon. According to Lattimer, this tactic increases the chances of receiving ransom money because the organisations are willing to regain control at any critical downtime.
The report also showed that finance and manufacturing were among the most often targeted sectors, with 78 percent and 75 percent of organisations in the respective sectors reporting attacks on weekends or holidays. Furthermore, 63 percent of respondents said the ransomware related to major corporate events such as mergers or layoffs, which often cause additional diversion for IT teams.
Identity Security Lapses Continue
Another concerning result of the report is that too many companies feel too confident about their identity security. While 81% said to have sufficient defences against identity-related attacks, 83% experienced successful ransomware incidents in the past year. This discrepancy is largely due to lack of budget and resources to properly protect identity systems like AD, a part of core infrastructure.
Semperis noted that without proper funding for identity threat detection and response (ITDR), many organisations are leaving themselves open to attacks. Around 40% of companies either lacked the resources or were unsure about their ability to secure these systems.
Takeaway
SEMPERIS 2024 RANSOMWARE HOLIDAY RISK REPORT states that businesses must immediately address the vulnerability of weekends. Strengthening cybersecurity measures over holidays, investing in such robust identity protection, and maintaining consistent monitoring can help mitigate such growing risks for organisations. Cybercrime has become so dynamic, and hence organisations must adapt constantly to stay one step ahead.
Cyber thieves are making use of DocuSign's Envelopes API to send fake invoices in good faith, complete with names that are giveaways of well-known brands such as Norton and PayPal. Because these messages are sent from a verified domain - namely DocuSign's - they go past traditional email security methods and therefore sneak through undetected as malicious messages.
How It Works
DocuSign is an electronic signing service that the user often provides for sending, signing, and managing documents in a digital manner. Using the envelopes API within its eSignature system, document requests can be sent out, signed, and tracked entirely automatically. Conversely, attackers discovered how to take advantage of this API, where accounts set up for free by paying customers on DocuSign are available to them, giving them access to the templates and the branding feature. They now can create fake-looking invoices that are almost indistinguishable from official ones coming from established companies.
These scammers use the "Envelopes: create" function to send an enormous number of fake bills to a huge list of recipients. In most cases, the charges in the bill are very realistic and therefore appear more legitimate. In order to get a proper signature, attackers command the user to "sign" the documents. The attackers then use the signed document to ask for payment. In some other instances, attackers will forward the "signed" documents directly to the finance department to complete the scam.
Mass Abuse of the DocuSign Platform
According to the security research firm Wallarm, this type of abuse has been ongoing for some time. The company noted that this mass exploitation is exposed by DocuSign customers on online forums as users have marked complaints about constant spamming and phishing emails from the DocuSign domain. "I'm suddenly receiving multiple phishing emails per week from docusign.net, and there doesn't seem to be an obvious way to report it," complained one user.
All of these complaints imply that such abuse occurs on a really huge scale, which makes the attacker's spread of false invoices very probably done with some kind of automation tools and not done by hand.
Wallarm already has raised the attention of the abuse at DocuSign, but it is not clear what actions or steps, if any, are being taken by DocuSign in order to resolve this issue.
Challenges in Safeguarding APIs Against Abuse
Such widespread abuse of the DocuSign Envelopes API depicts how openness in access can really compromise the security of API endpoints. Although the DocuSign service is provided for verified businesses to utilise it, the attack teams will buy valid accounts and utilize these functions offered by the API for malicious purposes. It does not even resemble the case of the DocuSign company because several other companies have had the same abuses of their APIs as well. For instance, hackers used APIs to search millions of phone numbers associated with Authy accounts to validate them, scraping information about millions of Dell customers, matching millions of Trello accounts with emails, and much more.
The case of DocuSign does show how abuses of a platform justify stronger protections for digital services that enable access to sensitive tools. Because these API-based attacks have become so widespread, firms like DocuSign may be forced to consider further steps they are taking in being more watchful and tightening the locks on the misuses of their products with regards to paid accounts in which users have full access to the tools at their disposal.
Operation Synergia II aimed to tackle a range of cybercrimes, including phishing, malware distribution, and ransomware attacks. Cybercriminals exploit vulnerabilities to steal sensitive information, disrupt services, and extort money. The operation's success lies in its collaborative approach, involving INTERPOL, private cybersecurity firms like Kasperksy, and national law enforcement agencies. This partnership was crucial in sharing intelligence, resources, and expertise, enabling swift and effective actions against cyber threats.
In Hong Kong, authorities dismantled over 1,000 servers linked to cybercrimes, while investigators in Mongolia confiscated equipment and identified 93 suspects. Macau and Madagascar also played vital roles by deactivating hundreds of servers and seizing electronic devices.
Neal Jetton, Director of Interpol's Cybercrime Directorate, remarked, “The global nature of cybercrime requires a global response… Together, we’ve dismantled malicious infrastructure and protected countless potential victims.”
The operation led to the seizure of over 22,000 malicious IP addresses and servers. This massive takedown disrupted numerous criminal networks, preventing further attacks and mitigating potential damages. The seized assets included servers used for hosting phishing websites, distributing malware, and coordinating ransomware operations.
Phishing Schemes: Phishing remains one of the most prevalent and dangerous forms of cybercrime. Cybercriminals use deceptive emails and websites to trick individuals into revealing personal information, such as passwords and credit card details. By targeting and taking down phishing servers, Operation Synergia II significantly reduced the risk of individuals falling victim to these scams.
Malware Distribution: Malware, or malicious software, can cause extensive damage to individuals and organizations. It can steal sensitive information, disrupt operations, and even take control of infected systems. The operation's success in dismantling malware distribution networks has helped curb the spread of harmful software and protect countless users.
Ransomware Attacks: Ransomware is a type of malware that encrypts a victim's files, demanding payment for their release. It has become a major threat to businesses, governments, and individuals worldwide. By targeting the infrastructure used to deploy ransomware, Operation Synergia II has disrupted these extortion schemes and safeguarded potential victims.
Cybersecurity threats are rapidly escalating in India, with digital arrest scams becoming a major issue. Even well-educated individuals are falling victim to these sophisticated schemes.
The concept of a digital arrest does not exist in law. These scams involve cybercriminals masquerading as law enforcement officials or government agencies like the State Police, CBI, Enforcement Directorate, and Narcotics Bureau.
These scams often leverage official-sounding language and sometimes even use fake police or court documents to appear legitimate. Scammers sometimes use deepfake technology to create convincing video calls, making it even harder for victims to distinguish between a real and a fraudulent interaction.
Scammers may also send fake arrest warrants, legal notices, or official-looking documents via email or messaging apps. They accuse victims of severe crimes like money laundering, drug trafficking, or cybercrime.
Common claims include: "a phone number linked to your Aadhaar number is involved in sending abusive messages or making threatening calls," "a consignment with drugs addressed to you has been intercepted," or "your son has been found engaged in nefarious activity." They may even fabricate evidence to make their accusations more credible.
India has seen a significant rise in digital arrest scams, affecting individuals across different strata of society. The problem is exacerbated by the fact that many people are unaware of the nuances of cybercrime and can easily fall prey to such tactics.
Factors contributing to the rise of these scams in India include:
The impact of digital arrest scams on victims can be severe. Apart from financial loss, victims often experience psychological distress and a loss of trust in digital platforms. Educated individuals, who might otherwise be cautious, can also fall victim to these scams, as the fear of legal repercussions can cloud judgment.
Phone number of the RCMP used in scams across Thunder Bay. The local Royal Canadian Mounted Police detachment is warning residents of Thunder Bay about a phone scam. Scammers are spoofing the official RCMP number, 807-623-2791, which will have calls that appear to be from the police when they actually are not. The RCMP has issued a public alert to raise awareness and try to prevent potential fraud.
How the Spoofing Scam Works
Spoofing is a technique by which fraudsters mask their real phone numbers through technology, making it seem as though the call is coming from a trusted source. In this case, they are masquerading as the Thunder Bay RCMP in an attempt to intimidate or defraud unsuspecting victims. The fraudsters might use the RCMP's name to give their requests a semblance of legitimacy. These requests usually demand sensitive personal information or money.
The RCMP clears the air on its communication practices
As far as the spoofing cases are concerned, the RCMP states that neither them nor any government institution will ever ask for a fee in an odd manner such as Bitcoin, gift cards, or cash collections. In fact, police will never visit your home to collect money as a reason a family member is behind bars. According to the RCMP, it does not seek social insurance numbers, birthdays, or phone numbers via phone call.
How to Verify an RCMP Call
In case somebody is doubtful whether a call claiming that it is from her detachment is genuine or not, then she must hanger and call again at 807-623-2791 between 8 a.m. and 4 p.m. Therefore, he will know if that was the genuine call or an attempt by a scammer.
Role of RCMP in Ontario
Another thing the public should be aware of is that the RCMP does not deal with local law enforcement in Ontario but rather deals with issues involving federal law, such as national security, border integrity, organised crime, and financial crimes, including cybercrime and money laundering.
What to Do if You Suspect a Scam
If you believe you are a target, the best action is to hang up. Victims of telephone scams are advised to contact either their local police service or the Canadian Anti-Fraud Centre to report the incident, helping investigators to track and follow up on ongoing schemes.
By knowing how to validate government calls and remaining vigilant, the citizens will be able to guard themselves against spoofing scams and other fraudulent schemes.
As cybercrime continues to cost the world economy billions annually, a robust new coalition launched by Google, the DNS Research Federation, and the Global Anti-Scam Alliance (GASA) is working to disrupt online scammers at a global level. By all accounts, this partnership constitutes a "game changer." The United Coalition focuses on revealing and thwarting fraudulent activity online.
Online Scam Fighting via the Global Signal Exchange
The coalition will be launching a data platform called Global Signal Exchange, which will 24/7 scan open cyberspaces for signs of fraudulent activity and issue alerts. For a platform, it will leverage the DNS Research Federation's DAP.live: an aggregation platform that consolidates feeds from over 100 sources to spot potential scams. Google enhances these efforts while providing relevant feeds from DAP.live that should provide an even more comprehensive view of online fraud as it begins to take shape.
A Growing Threat in the Digital Age
Some scams are becoming almost too clever nowadays, to the extent that an estimated $8.6 billion is lost worldwide due to such scams each year, with few cases going to convictions. In the UK alone, each person is targeted nearly 240 times a year by a scammer via emails or texts from fake legitimate businesses or offices asking them for personal information, such as bank or credit card details.
Britain estimates the average loss per person due to scams is £1,169. Overall, 11% of adults admit that they have fallen for online fraud. More alarming is the economic loss in the proportion of older adults, which indicates people aged 55 and above lose an average amount of £2,151. Those between 36 and 54 lose about £1,270, while those less than 35 years old lose about £851.
The Call for International Cooperation
Another challenge while combating online scams is that many of the criminal organisations behind these scams are operating from abroad, often from such countries as Russia and North Korea. This international nature makes it even more difficult for local authorities to keep an eye on and legally prosecute them. The coalition aims to balance this gap by sharing scam information in real time, thereby creating a chance to respond quickly to new emerging threats. This collaborative approach will serve crucially because cybercriminals often operate in groups and have done all of this work so fast, which has made it really hard to fight scams alone by any single organisation.
Scammers collaborate, they pool and they act fast. The days when individual brands could combat cybercrime on their own are gone. Global Signal Exchange usher in a new chapter in the battle against cybercrime, and Google's partnership promises to be the game-changer," said Emily Taylor, Chief Executive of DNS Research Federation.
Scammers Use All Too Familiar Brand Names Trapping Victims
The research carried out by the coalition indicates that fraudsters make use of the identity of conspicuous brands to acquire victims. Some of the very popular brands currently being used in scams are: home delivery and courier services; financial services, including banks, insurance, and loan companies; companies in the Technology, Media, and Telecoms sector; many public sector organisations, including HMRC and local councils; and, in a few instances, prominent charities.
According to DNS Research Federation, the volume of scams seems to peak each year in November during the Black Friday promotions and associated online shopping. Much of such activity is occurring because of heightened online activity. Thus, proper defences are quite essential when activity reaches such peak levels.
An alliance towards consumers' protection around the world
The Global Anti-Scam Alliance was established in 2021 to create a network of businesses that stand together to protect consumers online from fraud. GASA, in partnership with Google and the DNS Research Federation, will decrease the profitability of scams in order to make them less appealing to cybercriminals.
As threats in cyber continue to grow and seemingly intensify, this alliance will very largely form a critical element in the protection of users internationally. The Global Signal Exchange represents a major leap forward in efforts on anti-scam activities as it promises that consumers will be better protected from online fraud, and are able to navigate an increasingly complex digital environment more securely.
This staggering figure highlights the rapid evolution of the transnational organized crime threat landscape in the region, which has become a hotbed for illegal cyber activities. The UNODC report points out that countries like Myanmar, Cambodia, and Laos have become prime locations for these crime syndicates.
These groups are involved in a range of fraudulent activities, including romance-investment schemes, cryptocurrency scams, money laundering, and unauthorized gambling operations.
The report also notes that these syndicates are increasingly adopting new service-based business models and advanced technologies, such as malware, deepfakes, and generative AI, to carry out their operations. One of the most alarming aspects of this rise in cybercrime is the professionalization and innovation of these criminal groups.
The UNODC report highlights that these syndicates are not just using traditional methods of fraud but are also integrating cutting-edge technologies to create more sophisticated and harder-to-detect schemes. For example, generative AI is being used to create phishing messages in multiple languages, chatbots that manipulate victims, and fake documents to bypass know-your-customer (KYC) checks.
Deepfakes are also being used to create convincing fake videos and images to deceive victims. The report also sheds light on the role of messaging platforms like Telegram in facilitating these illegal activities.
Criminal syndicates are using Telegram to connect with each other, conduct business, and even run underground cryptocurrency exchanges and online gambling rings. This has led to the emergence of a "criminal service economy" in Southeast Asia, where organized crime groups are leveraging technological advances to expand their operations and diversify their activities.
The impact of this rise in cybercrime is not just financial It also has significant social and political implications. The report notes that the sheer scale of proceeds from the illicit economy reflects the growing professionalization of these criminal groups, which has made Southeast Asia a testing ground for transnational networks eager to expand their reach.
This has put immense pressure on law enforcement agencies in the region, which are struggling to keep up with the rapidly evolving threat landscape.
In response to this growing threat, the UNODC has called for increased international cooperation and stronger law enforcement efforts to combat cybercrime in Southeast Asia The report emphasizes the need for a coordinated approach to tackle these transnational criminal networks and disrupt their operations.
It also highlights the importance of raising public awareness about the risks of cybercrime and promoting cybersecurity measures to protect individuals and businesses from falling victim to these schemes.
Recent warnings from U.S. authorities highlight that North Korean IT workers are infiltrating tech and crypto companies, channeling their earnings to support the state's nuclear weapons program. A 2024 UN report states these workers generate up to $600 million annually for Kim Jong Un's regime.
Hiring these workers, even unintentionally, violates U.N. sanctions and is illegal in the U.S. and many other countries. It also poses a significant security risk, as North Korean hackers often use covert workers to target companies.
North Korea's cyber operations are nothing new, but their infiltration into the crypto industry represents a new frontier. Using fake identities and fabricated work histories, North Korean IT workers managed to secure positions in over a dozen blockchain firms. These operatives, often disguised as freelancers from countries like South Korea, Japan, or China, have leveraged the decentralized nature of the crypto industry to mask their origins and intentions.
The crypto industry's decentralized and often anonymous nature makes it an attractive target for cybercriminals. The article reveals how North Korean operatives exploited this blind spot, slipping through the cracks of standard vetting procedures. They infiltrated companies by providing fake credentials and using VPNs to obfuscate their actual locations. This tactic allowed them to access sensitive information and potentially manipulate blockchain networks.
North Korea's entry into the crypto industry is part of a broader strategy to circumvent international sanctions. By infiltrating blockchain firms, North Korean operatives can siphon off funds, conduct illicit transactions, and launder money. The stolen assets are then funneled back to the regime, bolstering its finances and supporting its nuclear ambitions.
The infiltration severely affects the targeted firms, exposing them to legal risks and undermining their credibility. It also raises broader concerns about the security of the crypto industry. To combat this threat, companies must adopt more stringent vetting processes, enhance cybersecurity measures, and collaborate with international agencies to identify and neutralize such threats.
A tremendous blow has been dealt to global cybercrime after US authorities charged two Russian nationals with masterminding a giant cryptocurrency money laundering network. After being charged by the U.S., the two Russian nationals are alleged to have headmastered a giant cryptocurrency money laundering network. The couple laundered the billions through crypto exchange services, concealing ill-gotten gains from cyber frauds, ransomware, and dark web narcotics.
DOJ officials collaborated with worldwide law enforcement to obtain servers and USD 7 million in cryptocurrency from the network, effectively crippling the criminal organisation.
DOJ says the two Russians to be arraigned, Sergey Ivanov and Timur Shakhmametov, played a significant role in one of the largest money laundering operations. They traded billions of dollars for international cybercriminals through various cryptocurrency exchanges, including platforms like Cryptex and Joker's Stash. Their operation enabled criminals to avail themselves of the anonymity associated with cryptocurrencies, avoiding financial regulations, and even making their laundered funds more portable and unobservable.
Investigators said Ivanov operated Cryptex, a site that processed more than $1.15 billion in cryptocurrency transactions. Of that, $441 million was directly linked to crimes, including $297 million in fraud and $115 million in ransomware payments. Cryptex offered criminals a loophole because it didn't require users to have their IDs verified—a "know-your-customer" (KYC) compliance process would have made their transactions traceable.
Besides Cryptex, the operation made it possible to conduct many other illegal activities on the dark web like carding sites-Rescator and Joker's Stash. The said platforms, especially Joker's Stash, deal in stolen payment card information. Estimated proceeds from these operations ranged around $280 million to up to $1 billion. One of the defendants, Shakhmametov was said to manage Joker's Stash, and hence the extent of this criminal network increased.
Indeed, international cooperation figured quite largely into taking down this elaborate criminal enterprise. US authorities teamed with law enforcement agencies from other countries, such as Dutch authorities, to take down servers hosting such platforms as PM2BTC and Cryptex, located in several different countries, which have disrupted the operation. Moreover, law enforcement seized more than $7 million in cryptocurrency on those servers from the organisation.
According to the Justice Department, bitcoin transactions through Cryptex were pegged at 28% to the darknet markets that are U.S.-sanctioned, as well as other crime enterprises. This percentage emphasises the colossal level of participation that such exchanges provided in furthering cybercrimes at a worldwide level.
The case reminds everyone that efforts at a global level are aimed at fighting the same cybercrime supported by cryptocurrencies. The DOJ has already communicated while working with other U.S. agencies, including the Department of State and the Treasury, that it will continue the crusade against those who use digital currencies for nefarious activities. In this case, the dismantling of this billion-dollar laundering network makes it a milestone victory for law enforcement and a warning to others in similar operations.
As cryptocurrency increases in usage, so does its misuse. Even though digital currencies offer immense legitimate advantages, they also provide criminals with a conduit to bypass traditional financial systems. This makes it pretty evident that the breaking down of Cryptex and Joker's Stash serves as a harsh reminder of how much importance needs to be given to strict security and regulatory measures so that such practices cannot be made using the system for nefarious purposes.
The recent charges suggest that U.S. and international law enforcement agencies are attacking cybercrime networks, especially those using cryptocurrency as a cover for under-the-radar activities. By taking down these systems, the authorities would find it more challenging for cybercrimes to cover up their illegal sources of income and further reduce the threat of rising cybercrime globally.
Hence, this high-profile case should awaken business entities and private individuals dealing in cryptocurrencies to take extreme care that they do not engage in any activity contrary to regulations set to monitor money laundering and other illegal activities.
The cybercrime world is ever-changing, and hackers are preparing for a future quantum computer that might make current encryption techniques useless. This is called "harvest now, decrypt later," a rising phenomenon since cybercriminals steal encrypted data with hope for the time when, decrypted, it will become easy using quantum computers. Businesses must be aware of this new threat and use measures of proaction in their data protection.
Encryption has been one of the most essential practices that organisations have been carrying out for years, keeping any of the sensitive information being used to communicate, financial records, and personal information. New advances in quantum computing, however, create a potential danger that today's encryption would be relatively easy to break in the near future. Hackers are aware of this and are more aggressively collecting encrypted data that will wait for the quantum computers' ability to break down cryptographic codes.
Already, it's the reality of cyberattacks. Today, more than 70% of ransomware attacks include exfiltration of data before encrypting it. Cybercriminals are banking on quantum computing ultimately making decryption of taken data possible, no matter how safe they are today.
Threat from Quantum Computing to Encryption
There is a fundamental difference between quantum and traditional computing. In a classical computer, a bit is either one or zero. A qubit in a quantum computer, through superposition characteristic of it, is both one and zero at the same time, so that quantum computers are enabled to calculate at unprecedented speeds on complex calculations.
For instance, it would take a classical computer trillions of years to break a 2,048-bit encryption; a quantum computer can do this in a few seconds. Quantum technology is not available on a massive scale yet, but scientists predict that it will be implemented within ten years, causing hackers to put aside the data they want to encrypt in advance-by storing it encrypted today.
What Data Are Hackers Targeting?
In general terms, hackers have historically been most interested in stealing PII, which includes names, addresses, social security numbers, and even financial information. Such details are patently valuable for identity theft purposes and far more nefarious undertakings. With quantum computing, of course, hackers will no longer be limited to stealing data from databases but rather can intercept data as it travels between the web browser and server or even exploit vulnerabilities existing within internal networks.
This effectively means that companies must be even more careful to safeguard the very foundations of their HR and financial structures, communications, and any partnerships they hold. When quantum computing becomes ubiquitous, no encrypted data will ever remain safe unless new methods impervious to quantum decryption are deployed.
The Quantum Decryption Consequences
As a result, severe consequences will be meted out to businesses if they do not prepare for the quantum era. If hackers decrypt the data, the taken data may lead to initiating account takeovers, revealing identity theft campaigns that may have begun, and running targeted cyberattacks. The average cost of a data breach already runs into millions of dollars; it has risen from $4.35 million in 2022 to $4.45 million in 2023. These figures may see a great uptrend as quantum computing becomes a reality.
On the legal side, one of the main issues is possible legal implications. Companies that cannot protect client information may face billions in penalties and damage their reputation as jurisdictions worldwide are hardening their data protection measures.
Why Begin Preparing Now?
While quantum computing may not be commercially available yet, businesses cannot wait. It may take many years before the average hacker gets his hands on quantum technology, but well-funded groups-nation-states or corporate competitors-will probably soon get to use it. Companies should act now, not just to avoid losing money but to get ahead of advanced cyber threats.
Also, the development in quantum computer technology speeds up quickly. Although current quantum computers are of high price and complexity, a recent breakthrough came from a Chinese startup regarding portable consumer-grade quantum computers; this means that such quantum computers might appear more useful even sooner than thought.
Protecting Businesses Against Quantum Computing Threats
As quantum computing rapidly evolves, businesses need to take decisive actions to protect their data from future risks. Here are key steps to consider:
1. Adopt Post-Quantum Cryptography: Organisations should prioritise implementing encryption methods that are resistant to quantum computing, following the guidelines from the National Institute of Standards and Technology (NIST). By transitioning to post-quantum cryptographic standards as soon as they become available, businesses can secure their data from potential quantum-powered attacks.
2. Improve Breach Detection: Strengthening breach detection capabilities is essential. By monitoring for indicators of compromise, businesses can identify potential attacks early, allowing security teams to respond quickly. This could involve changing compromised passwords or encrypting sensitive data before hackers can exploit it.
3. Use Quantum-Safe VPNs: As quantum-safe virtual private networks (VPNs) are developed, they can provide an additional layer of security by protecting data in transit. These VPNs will ensure that hackers cannot intercept sensitive communications or steal data while it is being transmitted between systems.
4. Move Sensitive Data to Secure Locations: Business leaders should evaluate whether decrypted data poses significant risks and move critical information to secure offline storage if necessary. For highly sensitive data, businesses may need to implement segmented networks, strict access controls, or even revert to paper-based systems to protect it from potential quantum threats.
The Time to Act Is Now
With quantum computing on the horizon, businesses must begin preparing for a future where these technologies could be used to break traditional encryption. By adopting quantum-resistant cryptography, improving breach detection, and securely storing sensitive data, companies can reduce the risk of falling victim to quantum-driven cyberattacks. While quantum computers may still be years away, the consequences of failing to prepare could be disastrous. Now is the time for decision-makers to take proactive measures to protect their data before it's too late.