Outdated encryption leaves crypto wide open

Help Net Security
Thursday, October 9, 2025

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The cryptocurrency sector faces an existential threat on two fronts: none of the 2,138 web applications and 146 mobile apps tested by ImmuniWeb support post-quantum encryption, and more than 7.8 million user records are already circulating on the dark web.

“Given that security incidents and data breaches may cause substantial damage to clients of crypto businesses, it is essential that the latter reconsider their investment priorities and pay more attention to their cybersecurity programs. Of note, spending more does not necessarily mean spending wiser. It is crucial to have a cybersecurity strategy based on a comprehensive risk assessment, bringing cybersecurity, legal and business professionals to the table to ensure a holistic and multidisciplinary approach to corporate cybersecurity governance. Otherwise, a company may triple its current cybersecurity budget but will still fall victim to a data breach. Likewise, continuous investment in employee education is crucial, otherwise, even the cutting-edge cyber defense mechanisms will bring little to no value,” said Dr. Ilia Kolochenko, Chief Architect & CEO at ImmuniWeb. Read Full Article