A Swiss company says it found weakness that imperials encryption

Re:A Swiss company says it found weakness that imperials enc... by olliej on Sunday February 07, 2021 @09:16PM (#26060102)

TLDR; A company is claiming that they have found a way to reverse a hash function, and that they can use this to break current and post-quantum encryption algorithms. They provide no evidence to back up this claim, but they are patenting a "secure" algorithm that they'll make available for "free".

I'm sure that unsupported claim and magic patent aren't related to their valuation.

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Re:A Swiss company says it found weakness that imperials enc... by BelenusMordred on Monday February 08, 2021 @12:54AM (#26061252)

It's a dumpster fire of an article. Claiming they can break a range of encryption algorithms, including AES and can reverse hash functions.

Then at the very end promoting their patented "quantum key distribution" to fix it which is asymmetric cryptography and has nothing to do with fixing AES if its broken.

There's an ongoing NIST competition for post-quantum key distribution right now that they don't seem to be participating in. Scrutiny probably isn't desirable when you are VC backed though.

Until they publish something, the only valid stance is that this Bloomberg reporter got taken for a ride with big baseless claims like they always do.

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