Saturday, 14 May 2016

Encryption - breaking the myth series - part 2

Lets start this quest for “truth” with a breaking story – from 2014:
This was reported through, and it this were the only report, then one might doubt its reality. But this breach hit all the news outlets!
Lets show what eBay said, which has been restated many times through the press.
  1. eBay had your passwords “Encrypted”.
  2. eBay’s Encrypted Passwords were stolen.
  3. eBay told you to “Change your Passwords”.
Have we all “connected the dots”? If Encryption works, then why “change my password”?

OK, I get it, someone broke in, and stole all of this encrypted data. But doesn’t encrypted mean they “can’t read it”? That’s what it is suppose to mean, but in fact, it doesn’t work!
If they want to “unlock” the encrypted data, they can – just takes a bit of time.
OK, I get it, Encryption is like my old “teddy bear” – it feels good, makes me feel safe!
But we’re not safe! Cyber crime is costing us over $100 billion dollars a year!
Do you really think our banks, corporations and businesses are “taking the hit” for the rest of us?
  • If you believe encryption is safe…
  • If you believe these big companies are “not passing on these losses to all of us“…
  • If you don’t want your personal data to be protected, even if someone breaks into a server.
  • If you don’t want to spend less for insurance, banking, taxes, and buying “things”
Then I wish you well, and hope you enjoy your “teddy bear” !
If you do care. If you do realize that this “old breach from 2014” has been followed by far too many breaches. Then you do want to:
  • read about CORA (at – which will actually protect your data, even if someone breaks into a server.
  • tell your banker about CORA
  • tell your insurance agent about CORA
  • tell your government representative about CORA
  • tell your neighbor about CORA
  • tell your company about CORA
  • share this article on social media
  • share about CORA on social media


  1. Cyber crime is costing far more than 100 billion dollars per year. Most reports are upwards of 400 billion per year.

  2. Yes, I did include links to similar articles citing amounts in excess of $400 billion / year in the 3rd part of this series on "Encryption - breaking the myth".
    Having said that, I imagine this amount might be larger since most countries do not have legislation (yet) that requires "disclosure" about breaches. I have heard repeatedly, that most financial institutions do not disclose most breaches and losses due to "PR issues".