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No. Encryption has nothing to do with the problem. Ignoring quantum resistance (which is still probably not needed for any of this) you just need something like
by Arch-TK 4y ago
No. Encryption has nothing to do with the problem. Ignoring quantum resistance (which is still probably not needed for any of this) you just need something like PGP with a key stored on a CCID card (with all other copies of the key stored on an airgapped and secured machine or non existent). Theft of the card is equivalent to someone stealing an employee's equipment. Theft of the card pin is equivalent to someone phishing the pin from the employee. To that extent, post perfect-AI-imitation you have the same guarantees as you have today. But this IS a massive step back in convenience. And if the card is stolen, the employee can no longer call in to prove their ID to have the card revoked. Because in that case, attackers would just spam companies with legitimate looking revocation requests.
But I guess what this COULD cause is a black market for stolen CCID cards and pins, and therefore crime to fuel the market.
- toss1 4y agoOk,'tho last time I looked PGP stood for the "Pretty Good Privacy" encryption system, and everything you wrote here is abt managing encryption keys, so I'm not sure how "Encryption has nothing to do with the problem". Maybe you mean that it could be solved without quantum-resistant encryption systems? I suppose the PGP kyes on CCID chip cards could work. But how are you going to enforce the no other copies not on secured & airgapped machines? Or the other security measures? You're right , this will be at least a source of huge inconvenience compared to the current status, and a source of crime. Probably more violent too. Instead of Ransomware, it'll be kidnap the CFO's family and force them to use their card to make the transfers.
- Arch-TK 4y agoYes my point was that encryption is not an obstacle to having assurance that the person you are communicating with is who you expect them to be. Keys can be generated directly on the secure element of the CCID card, this means there is no other copy. Alternatively employees physically go to an office to collect cards prepared by the security team where the security team has access to a secure facility where key backups are kept. The enforcement is done by the nature of the CCID cards not actually ever directly exposing the keys.