‘Harvest now, decrypt later’: Hackers are stealing data they can’t even read yet—banking on quantum computers to crack it later

Good morning. On Fortune’s radar today:

Trump proposals could create a “rigged” stock market.

“Harvest now, decrypt later”: Quantum’s looming hacker threat.

Markets: Oil back above $90.

Iran vows that not “a single ​drop ‌of oil” will pass through the Strait of Hormuz.

The two sides are still talking, though.

Goldman Sachs’ correct World Cup prediction.

Deutsche Bank’s “Cheap Date Index” ranks Geneva as the most expensive place for love.

Esther Perel hates your blurred Zoom background.

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Trump’s Truth API and less frequent SEC filings could create a “rigged” market

The proposal by Trump Media & Technology Group to sell access to President Trump’s posts on Truth Social milliseconds before they are made public, combined with a separate proposal to do away with quarterly earnings reporting to the SEC, could create a “a two-tiered market” where insiders get rich and ordinary investors will always be a step behind, sources told Fortune’s Mia Osmonbekov. 

“When you have a market that looks like that, it looks rigged,” Tyler Gellasch, CEO of Healthy Markets Association and former SEC counsel, said.

Stocks are mixed as oil heads over $90 per barrel

S&P 500 futures were up 0.2% this morning. The index closed up 1.01% in its last session. 

In Europe, the Stoxx 600 was flat in early trading, and the U.K.’s FTSE 100 was down 0.38% before lunch.

Asia: South Korea’s KOSPI was down 4.46%. Japan’s markets were closed today. India’s Nifty 50 was down 0.41%. China’s CSI 300 was up 1.53%. 

Brent crude was $89 per barrel this morning, after briefly going above $91.

Hackers are stealing data they can't even read yet—banking on quantum computers to crack it later

There is a debate about when quantum computing will be able to crack the standard forms of encryption that protect everything from bitcoin to your bank account. Some people think it’s a couple of years away. Others—notably the researchers at ARK Invest—say it won’t arrive until 2044 at the earliest. 

Hackers, however, aren’t waiting for either of those dates. Instead, they are downloading whatever databases they can get their hands on, even if they cannot open them, and saving them for when commercial quantum computing makes it possible to decode the........

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