Friday, October 18, 2024

Beware of Starbucks Phishing Scam and China using Quantum tech to break encryption

Starbucks Coffee Lovers Box Phishing Scam Alert

Starbucks is making headlines due to a phishing scam targeting its customers with a promise of a free “Coffee Lovers Box.” However, this offer is entirely fraudulent. According to an update from Action Fraud, this ongoing scam has already victimized over 900 individuals, and that number continues to rise.

The true intent of the scam is to extract sensitive information from victims, potentially leading them into financial difficulties. The emails sent to unsuspecting users contain malicious links that redirect them to counterfeit websites.

It is clear that this scam is unrelated to the Starbucks brand. Scammers often exploit the names of well-known companies in their emails to attract online users, tricking them into scams that can lead to significant financial losses.

Online users are urged to remain vigilant regarding the Starbucks Coffee Lovers Box phishing scam and to promptly report any incidents of being targeted. Timely reporting can assist law enforcement in recovering lost funds more efficiently.

China’s Quantum Computing Threat to Encryption

In the coming years, Chinese hackers are expected to breach cryptographic systems using advanced quantum computing techniques. Researchers at Shanghai University are reportedly developing methods to exploit quantum computers to compromise encryption systems, posing a significant threat to cybersecurity.

The team is utilizing D-Wave quantum annealing systems to attack RSA encryption methods, which could undermine the future of symmetric encryption. Their research paper, titled “Quantum Annealing Public Key Cryptographic Attack Algorithm based on D-Wave,” is still in the early stages and requires further research and analysis to tackle complex optimization challenges.

In response to potential threats from quantum computing, the NSA launched a program in 2015 aimed at developing quantum-resistant cryptography. This initiative, known as the “Post-Quantum Cryptography Standardization Process,” was intended to conclude by 2016.

Since then, three Federal Information Processing Standards (FIPS) concerning quantum-resistant cryptography have been introduced, with additional developments expected to adapt to the evolving landscape of cyber threats.

The post Beware of Starbucks Phishing Scam and China using Quantum tech to break encryption appeared first on Cybersecurity Insiders.


October 18, 2024 at 11:13AM

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