Email Encryption Market Worth $9.9 Billion by 2025 – Exclusive Report by MarketsandMarkets – PRNewswire

CHICAGO, July 16, 2020 /PRNewswire/ -- According to the research report "Email Encryption Marketby Component (Solution and Service (Training and Education, and Support and Maintenance)), Deployment Mode (On-premises and Cloud), Organization Size, Industry Vertical, and Region - Global Forecast to 2025", published by MarketsandMarkets, provides comprehensive insights on email encryption market, projected to grow from USD 3.4 billion in 2020 to USD 9.9 billion by 2025, at a CAGR of 23.8% during the forecast period, in the post-COVID-19 scenario. Email encryption is an essential tool to secure email messages and content, with real-time accessibility only from intended recipients. As emails are vital business platforms used for the purpose of communicating confidential information among intended recipients; hence, email encryption solutions are needed to secure this information. The major factors driving the growth of the email encryption market are increasing instances of phishing and spam emails, stringent industry regulations, compliances and mandate to comply with data protection directives.

Browse in-depth TOC on"Email Encryption Market"

320 Tables45 Figures267 Pages

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Services segment is expected to grow at the highest CAGR in the Email Encryption Market during the forecast period

The Email Encryption Market is segmented by component into solution and services. The services segment is expected to grow at the highest CAGR from 2020 to 2025. With the increase in the adoption of email encryption solutions, the demand for services associated with it is also growing. The Email Encryption Market by service has been segmented into training and education, and support and maintenance. Email encryption services are offered by solution vendors to enable customers to efficiently use the email encryption solution and maintain it. The email encryption services are used to reduce operational overhead costs and risks, and assist in effectively working with organizations' complex network infrastructure.

Banking, Financial Services, and Insurance (BFSI) industry vertical is estimated to dominate the Email Encryption Market in 2020

Enterprises across various industry verticals have been using the email messaging as one of the most common modes of communication for their business purposes. The BFSI industry vertical is expected to generate major share of revenue during the forecast period owing to the increasing adoption of security solutions driven by the growing financial security threats across the organizations, which can lead to theft, hamper the reputation of organizations, and can cause huge financial losses. Additionally, email encryption is expected to play a key role in healthcare enterprises. This is majorly due to the rising spear phishing attacks and possible data breaches over the highly sensitive and confidential information and stringent compliance to regulatory requirements. This has led the healthcare industry vertical to grow at the highest CAGR during the forecast period.

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North America is expected to dominate the Email Encryption Market in 2020

The global Email Encryption Market is segmented by region into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The technologically advanced North American region has the highest number of email encryption vendors. Additionally, the region has witnessed large-scale implementation of email encryption solutions across various industry verticals, such as BFSI, healthcare, and IT and telecom, owing to the stringent regulations and the need to compliance. The region is thus estimated to be the largest market for email encryption solutions. Moreover, several Small and Medium Enterprises (SMEs) and large enterprises across various industry verticals in the European and APAC region are investing in the adoption of email encryption solutions to protect their infrastructure and critical information from email frauds and thefts. The introduction of cloud-based, hybrid and customized email encryption solutions is set to change the way businesses are protecting their critical email communications and infrastructure.

The report encompasses the different strategies such as partnerships and collaborations, mergers and acquisitions, and product developments adopted by the major players to increase their market share. Some of the major technology vendors in the Email Encryption Market are Micro Focus (UK), Symantech (US), Cisco (US), Trend Micro (Japan), Sophos (UK), Proofpoint (US), BAE Systems (UK), Zix (US),Entrust Datacard (US), Mimecast (UK), Egress Software (UK), Intemedia (US), Virtru (US), Echoworx (Canada), Lux Sci (US), Cryptzone (US).

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Messaging Security Market by Solution (Content Filtering, Email Encryption, Data Loss Prevention, Antispam and Antimalware), Service, Mode of Communication (Email Messaging, Instant Messaging), Deployment Mode, Vertical, and Region - Global Forecast to 2022

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Email Encryption Market Worth $9.9 Billion by 2025 - Exclusive Report by MarketsandMarkets - PRNewswire

Encryption Software Market Overviews With Key Players, Size Growth Drivers As Well As Industry Challenges Opportunities To 2027 – Connected Lifestyle

Encryption Software Market 2020-2027 has been released with reliable information and accurate forecasts for a better understanding of the current and future market scenarios. The report offers an in-depth analysis of the global market, including qualitative and quantitative insights, historical data, and estimated projections about the market size and share in the forecast period. The forecasts mentioned in the report have been acquired by using proven research assumptions and methodologies.

Encryption Software market report consists of market definition and overview. The target audience for the market is also included for better understanding the market scenario. The research analysts have conducted several primary and secondary researches in order to obtain the numerical for the market. The compound annual growth rate of the Remote Patient Monitoring market is revised and updated in the report study. This is owing to the changed market conditions amidst COVID-19. Several research methodologies and tools were used for further validating the data that was obtained through these researches.

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The major companies profiled in the Smart Glove Marketinclude:

Microsoft Corporation, IBM Corporation, EMC Corporation, Symantec Corporation, Intel Security, Sophos Holdings Ltd, McAfee, Check Point Software Technologies, Proofpoint, and Trend Micro.

Furthermore, the statistical survey in the report focuses on product specifications, costs, production capacities, marketing channels, and market players. Upstream raw materials, downstream demand analysis, and a list of end-user industries have been studied systematically, along with the suppliers in this market. The product flow and distribution channel have also been presented in this research report.

Component Type Outlook (Revenue, USD Billion; 2016-2026)ServicesSolutions

Usages type Outlook (Revenue, USD Billion; 2016-2026)Encryption for Data-in-transitEncryption for Data-at-rest

Deployment type Outlook (Revenue, USD Billion; 2016-2026)Cloud-basedOn-premise

Application area Type Outlook (Revenue, USD Billion; 2016-2026)Folder EncryptionDisk EncryptionDatabase EncryptionNetwork Traffic EncryptionWeb Communication EncryptionCloud EncryptionOthers

End-use Type Outlook (Revenue, USD Billion; 2016-2026)BFSIHealthcarePublic sectorOthers

The Encryption Software Market research report offers an eight-year forecast.

By Regions:

North America (The US, Canada, and Mexico)

Europe (the UK, Germany, France, and Rest of Europe)

Asia Pacific (China, India, and Rest of Asia Pacific)

Latin America (Brazil and Rest of Latin America)

Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/discount-enquiry-form/1516

The Encryption Software Market Report Consists of the Following Points:

The report consists of an overall prospect of the market that helps gain significant insights about the global market.

The factors responsible for the growth of the market have been mentioned. This data has been gathered from primary and secondary sources by industry professionals. This provides an in-depth understanding of key segments and their future prospects.

The report analyses the latest developments and the profiles of the leading competitors in the market.

The market has been categorized based on types, applications, and regions. For an in-depth analysis and better understanding of the market, the key segments have been further categorized into sub-segments.

To know more about the report@ https://www.reportsanddata.com/report-detail/encryption-software-market

In conclusion, the Encryption Software Market report is a reliable source for accessing the research data that is projected to exponentially accelerate your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rate, and figures. SWOT analysis is also incorporated in the report along with speculation attainability investigation and venture return investigation.

David is an Experience Business writer who regularly contributes to the blog, He specializes in manufacturing news

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Encryption Software Market Overviews With Key Players, Size Growth Drivers As Well As Industry Challenges Opportunities To 2027 - Connected Lifestyle

Encryption Software Market 2020 Overview by Size, Share, Financial Services, Applications, Sales Data and Investment Opportunities till 2025 – Apsters…

This in-depth analytical presentation of the Encryption Software market is a ready-to-go market synopsis encompassing a gamut of market relevant factors that tend to have a steady and tangible impact on holistic growth prospects of the Encryption Software market. A thorough run down on essential elements such as drivers, threats, challenges, opportunities are discussed at length in this elaborate report on Encryption Software market and eventually analyzed to document logical conclusions.

Leading Companies Reviewed in the Report are:

IBM (US), Microsoft (US), Symantec (US), Thales e-Security (France), Trend Micro (Japan), Sophos (UK), Check Point (Israel), Micro Focus (UK), McAfee (US), Dell (US), WinMagic (US), ESET (US), Cryptomathic (Denmark), Bitdefender (Romania), Stormshield (France), and CipherCloud (US).

Get Exclusive Sample of Report on Encryption Software market is available @ https://www.adroitmarketresearch.com/contacts/request-sample/1055

This mindfully crafted, well researched, and methodically presented research report on the mentioned Encryption Software market suggests tangible progress in recognizing exact growth rendering factors. The report also makes progress in decoding the growth enablement triggers besides also deciphering the potential of each of the market dimensions in harnessing full-fledged, effortless growth. The report is crucial to evaluate and assess logical denunciations which have the potential to set the growth course in the discussed Encryption Software market. Apart from portraying a complete presentation on the gamut of market factors comprising aforementioned parameters, this specific high potential report further in its subsequent sections states information segmentation, as well as thoughtful perspectives on specific understanding comprising region specific developments as well as leading market players objectives to trigger maximum revenue generation and profits.

The report also incorporates ample understanding on numerous analytical practices such as SWOT and PESTEL analysis to source optimum profit resources in Encryption Software market. The report is also an up-to-date reference point of all major developments through out the market in terms of major mergers and acquisitions, geographical expansion ventures, new portfolio diversification initiatives and the like.

Quick Read Table of Contents of this Report @ https://www.adroitmarketresearch.com/industry-reports/encryption-software-market

Based on application, the Market has been segmented into:

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This meticulous research based analytical review on Encryption Software market is a high end expert handbook portraying crucial market relevant information and developments, encompassing a holistic record of growth promoting triggers encapsulating trends, factors, dynamics, challenges, and threats as well as barrier analysis that accurately direct and influence profit trajectory of Encryption Software market. In its subsequent sections, this report also shares crucial data on competitive landscape, identifying frontline players, complete with detailed analysis of marketing initiatives and strategies adopted to secure favorable investment returns and sustainable revenue pools in the Encryption Software market.

The report is a highly decisive data center encompassing a whole plethora of relevant information pertaining to historic data, also suggesting relevant cues on future growth predictions and forecast, based on which players in the Encryption Software market can thereby effectively deliver lucrative business discretion to ensure sustainable revenue flow amidst cut-throat market competition as well as emergence of new and disruptive market participants, intensifying competition. This high-end research comprehension on the Encryption Software market renders major impetus on detailed growth facets, in terms of product section, payment and transaction platforms.

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Encryption Software Market 2020 Overview by Size, Share, Financial Services, Applications, Sales Data and Investment Opportunities till 2025 - Apsters...

Flash drives and hard drives with military-grade encryption on sale – Mashable

Products featured here are selected by our partners at StackCommerce.If you buy something through links on our site, Mashable may earn an affiliate commission.Keep your personal information safe with these flash drives.

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By StackCommerceMashable Shopping2020-07-12 09:00:00 UTC

There is some information that should only be seen by your eyes personal finances, family photos, professional files, passwords. Need we continue? But in the digital age, it seems like there's no safe way to store these extremely sensitive files. Sure, cloud storage is easy, but it's not always reliable or secure. SSDs are great, but if they fall into the wrong hands, your data is as good as gone. So, what should you do?

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If you prefer the convenience of cloud storage, this cloudAshur Encryption Module can help you make it more secure with 256-bit military-grade encryption. It works with all the main cloud providers, as well as local data on a PC or Mac, any portable data storage device, or email and file-sharing services. It basically connects to the data source and eliminates the vulnerabilities that exist like lack of control, unauthorized access, and human error. You'll get full control of the encryption key, allowing you to protect your data even if the account is hacked. And ultimately, you'll increase the number of security measures from just one authentication factor (the account login) tocloudAshurs unprecedented five-factor authentication.

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The diskAshur2 SSD is a 256-bit solid-state drive with 128GB of space for your most precious files. You can move data back and forth in the blink of an eye, thanks to a super-speedy USB 3.1 connection, and never worry about it being seen by the wrong eyes, thanks to AES-XTS 256-bit military-strength encryption. Like other iStorage devices, you'll create a seven- to 15-digit PIN for upgraded security, and you can use it on Windows, Mac, Linux, Chrome, and any other device with a USB port.

Regularly $169, you can grab it on sale for $148.95. Other size options, up to 4TB, are available as well.

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Flash drives and hard drives with military-grade encryption on sale - Mashable

Global Encryption Software Market is expected to register the significant growth over the forecast period 2020-2027 – Market Research Publicist

According to Reportspedia Study, the global market for Encryption Software Market is expected to grow at a CAGR of roughly xx% for the next 5 years and will achieve xx million US$ in 2026 from xx million US$ in 2019. This report, in particular, makes a specialty of the Encryption Software inside the global market, mainly in North America, Europe and Asia-Pacific, South America, Middle East, and Africa. This Encryption Software market data segmented the industry primarily based on manufacturer(price, sales, revenue, and global marketplace percentage), regions, type, and application.

This study offers a 360-degree assessment of the competitive view of the Global Encryption Software market. Then, in addition, a part of the studies report examines the size and valuation of the global market within the future forecast period 2020-2026. The report also provides a detailed qualitative and quantitative records help to improve evaluation and affecting the projected effect of these factors on the markets future boom prospects.

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Key highlight Of the Encryption Software Industry Research Report:

Industry Upstream and Downstream Analysis

Key Raw Materials Analysis

The proportion of Manufacturing Cost Structure

Manufacturing Process Analysis

Downstream End Users Analysis

Encryption Software Industry Chain Analysis

Past 5 Years of historic data and Future 5 Years Forecast Data.

Global Market Share of top key Players

Describes the Encryption Software product Scope, market opportunities, market driving force and risks.

Top producer profile analysis, with price, sales, and revenue.

Encryption Software Industry Top Manufacturers global market share Analysis for the yr 2018 and 2019.

Encryption Software market sales, Revenue, Growth evaluation by means of regions.

Forecast analysis of Encryption Software market by regions, application, and type with sales, Revenue from 2020 to 2026

Global Encryption Software market Value and Growth Rate from 2015-2026

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Based on application, type, the worldwide market for Encryption Software has been segmented into numerous types. The growing usage of the worldwide market in these applications is anticipated to look proper for the growth of the market in coming years.

Global Encryption Software Market Segment by Manufacturers, this file covers

East-TecHewlett PackardEntrustIBMInterCryptoBloombaseCiscoSymantecCheck Point Software TechnologieTrend Micro

Global Encryption Software Market Segment by using Type, covers

Symmetric EncryptionAsymmetric EncryptionHashing

Global Encryption Software Market Segment by Applications may be divided into

Whole DiskSingle-user File/folder LevelMulti-user File/folder LevelDatabaseApplication LevelEmail MessagesNetwork Traffic

Do you want any other requirement or customize the report, Do Inquiry Here: https://www.reportspedia.com/report/consumer-goods-and-services/2015-2027-global-encryption-software-industry-market-research-report,-segment-by-player,-type,-application,-marketing-channel,-and-region/59961#inquiry_before_buying

The assessment of the leading players of the Encryption Software industry explained inside the report offer an in-depth evaluation of the market stocks of the companies profiled in this research report. The report blends an analysis of the business enterprise profiles in addition to the enterprise styles for the Encryption Software market used transversely over various end-person businesses.

Region-wise, the report segments the market into the United States, Europe, Japan, China, India, and Southeast Asia. The market is possible to witness productive growth in the United States due to the developing adoption of Encryption Software within the country.

North America

Europe

China

Japan

Middle East & Africa

India

South America

Rest of the World

In this extensive research report data including the leading manufacturer including of their price, sales, revenue, product portfolio, and global market share, commercial enterprise segmentation, and economic assessment have been included. The updated study report examines the worldwide Encryption Software market in a detailed manner by describing the key elements of the market that are expected to have a quantifiable impact on its developmental prospects over the forecast period 2020-2026.

Explore Detailed Table Of Content With Table Of Figures:https://www.reportspedia.com/report/consumer-goods-and-services/2015-2027-global-encryption-software-industry-market-research-report,-segment-by-player,-type,-application,-marketing-channel,-and-region/59961#table_of_contents

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Global Encryption Software Market is expected to register the significant growth over the forecast period 2020-2027 - Market Research Publicist

Encryption Software Market Size, Development Status, Emerging Technologies, Future Plans and Trends by Forecast 2023 – Daily Research Chronicles

Market Research Future published a research report on Encryption Software Market Research Report- Global Forecast 2023 Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Global Encryption Software Market: Synopsis

The detailed report published by Market Research Future (MRFR) projects that the global encryption software market is marked to expand remarkably at a CAGR 24% during the forecast period of 2017-2023 and reach the market valuation of USD 13 Bn by the end of the assessment period. Increased incidences of data theft in small to large scale organizations, rise in demand for advanced data security solutions, increased emphasis on software development for optimizing various business processes and increased awareness regarding the data security are majorly propelling the growth of the global encryption software market. Rapid industrialization and high demand for encryption in various industrial sectors such as government, healthcare, aerospace and defense, and others are also fueling the growth of the global encryption software market during the assessment period.

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Key Players:

Some of the prime players profiled by Market Research Future (MRFR) that are operating in the global encryption software market are Microsoft Corporation (the U.S.), Sophos Ltd. (the U.S.), CheckPoint Software Technologies Ltd. (Israel)., Trend Micro Inc. (Japan), Symantec Corporation (the U.S.), IBM Corporation (the U.S.), SAS Institute Inc. (the U.S.), Intel Security Group (McAfee) (the U.S.), EMC Corporation (the U.S.), and WinMagic Inc. (Canada).

Global Encryption Software Market: Segmental Analysis

The globalEncryption Software Markethas been segmented on the basis of deployment, service, organization size, application and vertical. Based on deployment, the global encryption software market has been segmented into cloud and on-premise. Based on service, the global encryption software market has been segmented into professional service and managed service. Based on organization size, the global encryption software market has been segmented into small & medium enterprises and large enterprises. Based on application, the global encryption software market has been segmented into disk encryption, file/folder encryption, communication encryption, database encryption, and cloud encryption. Based on vertical, the global encryption software market has been segmented into healthcare, government & public sector, it & telecommunication, BSFI, retail, aerospace & defense, and others.

Global Encryption Software Market: Regional Analysis

Geographically, the global encryption software market has been segmented into four major regions such as Asia Pacific (APAC), North America, Europe, and the rest of the world. The North America region commands the highest share of the global encryption software market owing to the rapid technological advancement, easy adoption of advanced technology, increased rate of cybercrime, and rise in adoption of encryption solutions for data security by preventing unauthorized access to the data and company information in this region. The encryption software in the Asia Pacific region is projected to expand at the fastest growth rate during the assessment period owing to the high demand for advanced security solutions in small to large scale enterprises, rapid industrial development, increased rate of data theft and cybercrime, and proliferation in IT companies as a part of process outsourcing in this region. Rapid adoption of advanced technology, high demand for data security solutions and increased development of advanced encryption software that can provide innovative data security services are majorly fueling the growth of the encryption software market in the Europe region.

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Encryption Software Market Size, Development Status, Emerging Technologies, Future Plans and Trends by Forecast 2023 - Daily Research Chronicles

The 7 best ways to send an encrypted email – The Daily Dot

The popularity of encrypted email and messaging services has exploded in recent weeks amid protests against police brutality and racism and attempts from Congress to poke holes in it.

So maybe its time to brush up on the best ways to send an encrypted email.

Encrypted emails are a way for senders to ensure that their message is protected until it reaches the receiver. But, recently, several bills have popped up with the goal of making it easier for law enforcement to get access to encrypted emails.

The EARN IT Act and the Lawful Access to Encrypted Data Act have been criticized for aiming to force a back door to encrypted messages or making it easier for law enforcement to gain access to encrypted data.

The new proposed back doors potentially makes encrypted emails and other messages vulnerable to not only police, but also hackers.

Meanwhile, people have sought out ways to send encrypted messages to try and circumvent law enforcements surveillance of protests.

For now, encryption remains the safest way to protect emails from unwanted readers.

Here are the best third-party services to send encrypted emails.

This free encryption extension is available for most major email providers including Gmail and other Google Apps, Outlook, and Yahoo.

Once added, the encryption feature will appear in the email interface.

Mailvelope says on their site that even the email provider does not have access to encrypted emails through their service.

ProtonMail is one of the most popular encryption services that allows for end-to-end and PGP encryption. End-to-end encryption is a system commonly used on messaging applications which only allows for the communicators to see messages.

There are free and paid plans available on ProtonMail for Android and Apple products. There is also a browser version of ProtonMail.

There are additional features like two-step verification and phishing alerts. Phishing is a form of hacking that disguises emails as coming from a secure sender like a bank.

ProtonMail attaches to individual domains also so any person or businesses can encrypt their own emails.

Sendinc is a free platform that allows users to send encrypted emails directly on site.

While the Sendinc has an Outlook plug-in, the stand alone site is also good for users that want to send the occasional protected email.

The site looks like a form that requests users email address, recipient address, subject and message.

Tutanota is a niche email provider that claims to rival Gmail. The German-based company built automatic encryption directly into their service.

Pricing ranges from free to paid plans for larger businesses and storage spaces.

In addition to encrypted emails, Tutanota includes encrypted notes, calendar and cloud storage.

Hushmail is another email provider that encrypts emails at its core. Users can send an encrypted email by checking the Encrypted box below the subject line to a recipient of any email provider.

Like many of the other third-party encryption services Hushmail uses PGP encryption.

Also, the service provides two-step verification and encourages strong passwords on its site for added security.

MIT computer scientists created Preveil as a third-party plug-in for Gmail, Outlook and iOS email providers. The end-to-end encryption service is free with additional paid plans

An encryption toggle will appear at the bottom of the email interface once added.

Preveil also prevents phishing and other hacking attacks via email by not saving encryption keys. So if an email account is compromised, the encrypted emails remain protected.

Virtru is another plug-in for major email providers. The service is free for existing Gmail and Outlook users. Other customers can set up paid plans. Companies like Netflix use Virtru, according to their website.

The security service is based of off end-to-end encryption. Encryption covers emails as well as files.

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*First Published: Jul 12, 2020, 7:00 am

Libby Cohen is a third-year University of Texas student originally from New Jersey. She has written for ORANGE Magazine, the Daily Texan, and most recently interned for 1010 WINS in NYC. She's now back in Austin writing for the Texas Standard and the Daily Dot.

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The 7 best ways to send an encrypted email - The Daily Dot

The Week in Ransomware – July 17th 2020 – Freshly squeezed – BleepingComputer

With Twitter hackers, 10/10 vulnerabilities, and Cloudflare outages this week, thankfully ransomware has been pretty slow this week.

The biggest news is Orange confirming they were hit with a Nefilim ransomware attack and business customer's data being stolen. We also saw an interesting ransomware that utilizes the Age encryption tool.

Other than that, it has mostly been smaller attackers and new ransomware variants released.

Contributors and those who provided new ransomware information and stories this week include: @demonslay335, @VK_Intel, @struppigel, @malwrhunterteam, @fwosar, @BleepinComputer, @LawrenceAbrams, @Seifreed, @serghei, @DanielGallagher, @PolarToffee, @FourOctets, @jorntvdw, @Ionut_Ilascu, @malwareforme, @JakubKroustek, @xiaopao80087499, @fbgwls245, @Amigo_A_, @campuscodi, and @360TotalSec.

xiaopaofound a new Matrix Ransomware variant that appends the .AL8P extension and drops a ransom note namedReadme_AL8P.rtf.

dnwls0719 found a new FonixCrypter variant that appends the.XINOF extension.

A new and targeted ransomware named AgeLocker utilizes the 'Age' encryption tool created by a Google employee to encrypt victim's files.

Michael Gillespiefound a new STOP Ransomware variant that appends the .repl extension to encrypted files.

Jakub Kroustekfound two new variants of the Dharma Ransomware that append either the .data or .smpl extensionto encrypted files.

The data theft and name-and-shame tactics initiated by Maze in November 2019 and subsequently adopted by multiple other groups have blurred the line between ransomware attack and data breach.

Michael Gillespiefound a new Makop Ransomware variant that appends the .zbw extension and drops a ransom note namedreadme-warning.txt.

Michael Gillespie is looking for a new ransomware that appends the .FastWind extension and drops a ransom note named ransomware.txt.

Recently, 360 Security Center has detected that a file encryption virus in the form of a hoax has appeared on the network. In view of the encrypted file suffix of the virus is named .flowEncryption, we named it flowEncryption file encryption virus.

Orange has confirmed to BleepingComputer that they suffered a ransomware attack exposing the data of twenty of their enterprise customers.

Michael Gillespiefound a new Makop Ransomware variant that appends the .BNFD extension to encrypted files.

Blackbaud, a provider of software and cloud hosting solutions, said it stopped a ransomware attack from encrypting files earlier this year but still had to pay a ransom demand anyway after hackers stole data from the company's network and threatened to publish it online.

Michael Gillespiefound a new Dharma Ransomware variant that appends the .spareextension to encrypted files.

Michael Gillespiefound a new Maoloa Ransomware variant that appends the .Globeimposter-Alpha865qqzextension to encrypted files.

Michael Gillespiefound a new STOP Ransomware variant that appends the .kuusextension to encrypted files.

Originally posted here:
The Week in Ransomware - July 17th 2020 - Freshly squeezed - BleepingComputer

Security risks of outdated encryption: Is your data really secure? – Security Boulevard

Introduction

They say that those who fail to learn history are doomed to repeat it. A salient factor in the defeat of Austria by Prussia in the 1866 Austro-Prussian war was the Prussian armys standardization of the (then) modern, rapid firing, bolt-action Dreyse needle-gun. In contrast, the Austrian army persisted with the use of outdated (slow-loading) muzzle-loading rifles. And so, Austria was out-gunned, leading to a disastrous battlefield performance. This is an important lesson in not adapting to modern technological improvements and one that is pertinent to encryption applications.

Its well-known that encryption algorithms rarely stand the test of time. This is partly because such algorithms are devised against a knowledge of the methods of attack and cryptanalysis that either exist or are envisaged at the time the algorithm is written. And so, as novel methods of attack are uncovered, hardware processing speeds increase and cryptanalysis develops, so too do encryption algorithms fall prey to new vulnerabilities.

There are many examples of outdated encryption algorithms, now considered dangerously obsolete. Some common examples are discussed here.

An algorithm is only as good as the testing it goes through in the field. It is often that insecurities inherent in an algorithm only become apparent after many years of use. Lets look at some examples.

Hashing is an umbrella term that encompasses methods used to encrypt data in a manner that cannot be reversed. Data passed through a hash algorithm produces a fixed size sequence of bytes, which should be unique for any data input. However, hashing is an insecure method.

Invented in 1991 by the famous cryptographer Ron Rivest, the hash algorithm MD5 was considered secure enough for most cryptographic purposes throughout the early 90s. Later, however, it was discovered to be totally (Read more...)

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Security risks of outdated encryption: Is your data really secure? - Security Boulevard

New Bill Looks to One-Up Previous Anti-Encryption Law by Requiring Backdoors in Nearly Every Electronic Device – CPO Magazine

The proposed EARN IT Act set off a firestorm of controversy in privacy circles when it was introduced in early March. A new proposal makes its terms look tame and reasonable by comparison. Dubbed the Lawful Access to Encrypted Data Act of 2020, the new anti-encryption law would require that a backdoor be placed in nearly every electronic device that has at least 1 GB of memory and all encrypted services.

The bill is essentially the Armageddon scenario of a complete government ban on encryption that some privacy advocates have been fearing (and sounding alarms about) for years. However, the terms of the bill are so outlandish and impractical that it would appear to stand little real chance of going anywhere. When one considers that it is sponsored by Senator Lindsey Graham (R-SC), who was also one of the primary sponsors of the EARN IT Act, it begins to look more like an attempt to make the original proposal sound like a comparatively reasonable compromise.

The EARN IT anti-encryption law couched its calls for law enforcement backdoors in terms of the battle against child sex trafficking, and was not nearly as expansive as the new proposal. It was nevertheless widely criticized and rejected by privacy advocates due to its requirement that online platforms either grant law enforcement an encryption backdoor or lose legal protections under Section 230 of the Communications Decency Act. Section 230 protects platforms from legal liability for user-generated content.

The bill did not propose this directly, however; it obscured its intent by simply requiring that platforms use law enforcement approved end-to-end encryption methods to maintain their Section 230 protections. The body that would determine that approval would be headed by Attorney General William Barr, who has vocally and repeatedly expressed a desire to have backdoors installed in all forms of end-to-end encryption, and would be disproportionately filled with law enforcement officials. The assumption that privacy advocates make is that any law enforcement approved encryption would have backdoors in it.

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The new proposed anti-encryption law dispenses with any layers of plausible deniability. It simply calls for a law enforcement backdoor to be mandatory in any and all forms of encryption, in both hardware and software. Any sort of device that has at least 1 GB of storage capacity, even a simple handheld camera or MP3 player, would be required to have a means of government access built in. At the software end, everything from web browsers to cloud services would have to offer similar access.

Unlike the EARN IT Act, this bill is not bipartisan. In addition to Graham, two other Republican senators (Tom Cotton of Arkansas and Marsha Blackburn of Tennessee) back it. The terms would apply to any software publisher that has over a million users, or any hardware manufacturer that sells over a million units, in any single year since the start of 2016.

The bill is thus technically not looking to end all encryption entirely, but it is clearly trying to make it impossible for major hardware and software publishers like Apple, Facebook and Microsoft. Given that Googles Android and iOS devices dominate the phone landscape, it would effectively be impossible for an end user to get a phone that could avoid having a backdoor in it somewhere.

The terms of the bill would also make it much easier for courts to issue a court order allowing law enforcement to access the backdoor for the purpose of retrieving stored data. Any judge would be forced to issue the warrant so long as the law enforcement agency can demonstrate reasonable grounds to believe that accessing the backdoor would aid in execution of an existing search warrant.

The anti-encryption law would appear to apply to both domestic criminal cases and those of foreign national security.

The proposed anti-encryption law is likely to stall out not just due to the serious privacy concerns, but also because it would put an undue burden on the electronics and software publishing industries. All sorts of hardware would have to be physically redesigned to enable such a backdoor, and apps would have to be re-engineered. Any new app or piece of software being developed would have to consider the possibility of creating a backdoor if it is anticipated that it will have over a million users.

The anti-encryption law does not make any allowance for the fact that any backdoor could potentially be exploited by parties other than the government. If it is technically possible to create one, developers and manufacturers would be required to under the new anti-encryption law.

But as privacy advocates have been pointing out (long since before this new bill was introduced), it is not feasible to create an encrypted messaging backdoor that is solely for law enforcement access. Once a threat actor sniffs it out and figures out how to exploit it, the device or the software is effectively ruined.

Amit Yoran, CEO of Tenable, summed up the feelings of most industry observers: Once again, some Washington policymakers are proposing uninformed technology policy with potentially catastrophic consequences. In one of the worst tech policy concepts of recent years, this proposal would strike a critical blow to privacy, cybersecurity and the competitiveness of US technology companies, all while leaving strong encryption within reach of any serious criminal. Law enforcement has access to more information than ever before to do their jobs. Forcing the creation of backdoors to allow law enforcement access to encrypted information is a terrible idea. With an expanded attack surface driven by new connected devices, a rapidly expanded remote workforce and increasingly complex campaigns by bad actors, we should be doing everything in our power to mitigate risk, not expand it.

Technology companies would likely enter into an endless cycle of compromise and revision under these circumstances, with it only being a question of how long it is between each new data breach of their encrypted devices.

New proposed bill calls for a mandatory #lawenforcement backdoor in all forms of #encryption, both hardware and software. #respectdata Click to Tweet

Given all of the problems and contradictions this anti-encryption law would create, it seems unlikely to make its way through Congress. The real concern is that it could somehow be used to improve the chances of passage of the EARN IT Act, which has at least some level of bipartisan support.

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New Bill Looks to One-Up Previous Anti-Encryption Law by Requiring Backdoors in Nearly Every Electronic Device - CPO Magazine