Is the NSA’s ‘Quantum-Resistant Crypto’ for Nefarious Means? – CCN Markets

Is the NSA’s ‘Quantum-Resistant Crypto’ for Nefarious Means? – CCN Markets


nsa

The NSA has revealed plans to create a quantum resistant crypto. It’s not the first time the agency has taken an interest in cryptocurrency. | Source: Shutterstock

The U.S.National Security Agency(NSA) is going from crypto surveillance to crypto creation. According to Bloomberg reporter William Turton, the agency is developing “quantum-resistant crypto.”

Anne Neuberger, Director of NSA’s new Cybersecurity Directorate says that the agency will propose hardware and software standards again. Also notes agency is working to build quantum resistant crypto.pic.twitter.com/IIvjz1aTjO

— William Turton (@WilliamTurton)September 4, 2019

Neuberger, Director of the NSA’s Cybersecurity Directorate, revealed this information yesterday during the 10th Annual Billington CyberSecurity Summit in Washington, D.C.  

Quantum computing, although still in its early stages, has the potential to neutralize cryptocurrency. It could theoretically decipher the cryptography that underlies digital currencies. While it’s not clear if Neuberger was referring to cryptocurrency or cryptography, it wouldn’t be the first time the agency has eyed digital currency. 

The NSA is Watching You and Your Crypto

 In 2018,Edward Snowdenexposedthe NSA’s desire for bitcoin surveillance to the Intercept. The whistleblower releasedinternal documentsexposing the agency’s plan to “help track down senders and receivers of Bitcoins.” “Bitcoin is the #1 priority” amongst cryptocurrencies, according to the leaked documents.The NSA allegedly tracked down bitcoin users’ passwords, internet activity, and devices. 

I wrote a book.pic.twitter.com/wEdlOFMnMn

— Edward Snowden (@Snowden)August 1, 2019

The Government Is Satoshi Nakomoto 

Of course, the NSA could’ve fabricated these leaks to throw us off their trail. Some people believe the governmentcreated bitcointo carry out incognito operations. If so, it follows that they would want to make it quantum-resistant.Why covertly create the flagship digital currency to carry out nefarious business if it can be hacked?

According tomsn.com, Neuberger was inspired by North Korea’s “creative” cybersecurity techniques. She cited the Kim Jong-Un regime’s ability to raise funds through various cryptocurrency schemes. According to a report by the UN, North Korean agents havestolen nearly $2 billionfrom financial institutions and cryptocurrency exchanges. The committee claims that North Korea uses the funds for weapons of mass destruction, among other things. 

The new NSA’s Cybersecurity Directorate is “is charged withpreventing and eradicating threatsto National Security Systems and the Defense Industrial Base.” It’s scheduled to start activities on Oct. 1. 

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