- Venture capitalist and ZeroTier CEO Andrew Gault warns of a new quantum threat.
- Attackers follow a “collect now, decrypt later” strategy, accumulating encrypted data.
Venture capitalist and ZeroTier CEO Andrew Gault, a longtime investor in tech startups, believes that crypto industry representatives are misjudging the quantum risks to Bitcoin.
In his view, the most pressing problem is the data that is already being collected on the open internet for subsequent decryption, regardless of whether a working quantum computer already exists.
The most dangerous vulnerability in the financial system isn’t the data at rest, but the data currently moving between institutions. Every interbank message, every payment authentication record, and every digital signature transmitted over the network is now being collected by sophisticated attackers who don’t yet need to read it, said Andrew Gault.
According to him, no one wants to say out loud that the enemy’s strategy has changed, and the criminals are just waiting for the time when quantum computing becomes available to them.
This confirms the opinions of Google’s vice president of security, Heather Adkins, and senior cryptographic engineer, Sophie Schmig. According to them, the company has reconsidered its internal threat model, focusing on authentication services and digital signatures—the very same wire-level signature infrastructure that Gault pointed to.
The threat to encryption remains relevant today due to “store now, decrypt later” attacks, their publication states.
Previously edited Happy Coin News Reported about a study that currently estimates that approximately 6,04 million BTC, mostly in a dormant state, have public keys, theoretically making wallets vulnerable to future quantum attacks.
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