Hackers Steal Encrypted Data for Future Quantum Decryption; Iran Threatens Hormuz Oil Flow

This Fortune news briefing covers multiple stories. Trump Media & Technology Group's proposal to sell early access to Trump's Truth Social posts and eliminate quarterly SEC filings is criticized as creating a rigged two-tiered market. Global markets are mixed with oil prices briefly exceeding $91 per barrel. A key cybersecurity story highlights the 'harvest now, decrypt later' threat, where hackers steal encrypted data now, banking on future quantum computers to crack it. TDK Ventures is investing $500 million in quantum security defenses. In sports, Goldman Sachs correctly predicted the World Cup final between Spain and Argentina. Geopolitically, Iran vows to close the Strait of Hormuz to oil and gas transit amid ongoing U.S. airstrikes and rising casualties.

First published Aug 4, 01:54 PM UTCUpdated Jul 20, 10:30 AM UTC1 reports · 1 sources

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Hackers Steal Encrypted Data for Future Quantum Decryption; Iran Threatens Hormuz Oil Flow

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Hackers Steal Encrypted Data for Future Quantum Decryption; Iran Threatens Hormuz Oil FlowFortune | FORTUNEWesternJul 20, 10:30 AM UTC

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Truth Social SEC Goldman Sachs Iran United States Strait of Hormuz