Fact Check: "Experts warn: 'Store now, decrypt later' strategy is a growing risk!"
What We Know
Cybersecurity experts have raised alarms about a tactic known as "store now, decrypt later" (SNDL), where hackers collect encrypted data now with the intention of decrypting it in the future when quantum computers become capable of breaking current encryption methods. This concern is rooted in the anticipated advancements in quantum computing, which could potentially render many existing cryptographic algorithms obsolete (Silicon Republic, 2022).
Experts like Jason Soroko, CTO of PKI at Sectigo, emphasize that the urgency to update encryption methods is critical, as quantum computers could crack standard encryption in a matter of weeks or months, compared to the trillions of years it would take conventional computers (Silicon Republic, 2022). Rebecca Krauthamer, co-founder of QuSecure, noted that valuable data such as banking details and medical records could be intercepted and stored by hackers, making the SNDL strategy increasingly popular among cybercriminals (Silicon Republic, 2022).
Furthermore, U.S. cybersecurity leaders, including National Cyber Director Harry Coker, have acknowledged that this threat is not merely theoretical but is actively being exploited by malicious actors today (The Record, 2024).
Analysis
The claim that the "store now, decrypt later" strategy is a growing risk is supported by multiple credible sources. The insights from cybersecurity professionals highlight a pressing concern regarding the future of data security in the face of quantum computing advancements. The warnings from experts like Soroko and Krauthamer are based on a solid understanding of both current encryption technologies and the potential capabilities of quantum computers, which are expected to revolutionize computational power (Silicon Republic, 2022).
The reliability of these sources is bolstered by their expertise in the field of cybersecurity and their roles in reputable organizations. For instance, the National Cyber Director's acknowledgment of the SNDL strategy during a meeting of the President’s National Security Telecommunications Advisory Committee lends significant weight to the claim, as it reflects a consensus among U.S. cybersecurity leaders (The Record, 2024).
However, it is essential to recognize that while the threat is real, the extent of its impact may vary. The transition to quantum-resistant encryption is ongoing, and organizations are being urged to adopt new standards proactively (Silicon Republic, 2022).
Conclusion
The claim that experts warn about the "store now, decrypt later" strategy being a growing risk is True. The evidence presented by cybersecurity experts and U.S. officials underscores the urgency of addressing this emerging threat in light of advancements in quantum computing. As hackers increasingly adopt this strategy, the need for robust, quantum-resistant encryption becomes critical to safeguard sensitive data.
