Because of Moore's Law, widely-used encryption programs currently employed by banks and ecommerce sites are now easily penetrated by brute-force attacks that can be employed by hackers using just a handful of simple desktop computers.

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Quizplus · Accepted Answer

Moore's Law, which predicts the doubling of computer processing power approximately every two years, does indeed suggest that computing capabilities increase exponentially over time. However, encryption algorithms used by banks and e-commerce sites are designed to be secure against brute-force attacks even as computational power increases. Modern encryption standards, such as AES (Advanced Encryption Standard) with key lengths of 128, 192, or 256 bits, are considered secure against brute-force attacks with current and foreseeable technology. Additionally, the security community actively monitors the strength of encryption methods against advancing computational power and recommends updates or changes when necessary to maintain security.

Because of Moore's Law, Widely-Used Encryption Programs Currently Employed by Banks