Are You Ready to Witness the Future of Data Security?
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Explore Computational Power with expert insights, use cases, and solutions. Learn how Computational Power can enhance your cybersecurity and protect sensitive data.
In computer science and technology, the term “quantum computing” has emerged as a buzzword, capturing the imagination of scientists, engineers, and enthusiasts alike. But what exactly is a quantum computer, and how does it differ from classical computers?
The process of encrypting data is called cryptography. It converts plain text into scrambled text so that someone with the right “key” can read it. Quantum cryptography, by extension, uses the principles of quantum mechanics to encrypt data and transmit it securely.
The digitalisation of the economy has impacted the financial services industry more than others. Digital financial transactions have replaced physical currencies. Banknotes were exchanged on trust. They were issued by trustworthy institutes in the country and used between parties without fear of doubt.
Quantum computing (QC) garners a lot of positive press due to its power to solve complex computations several times faster. It is envisioned that QC can be a critical enabler and a strong catalyst to considerably reduce the computational power required to perform complex calculations and boost the future of sixth-generation (6G) communication.
Data is the engine of the new economy. The data economy depends on the creation of data and data sharing. This makes data an invaluable asset for nations, enterprises and individuals. The data exchange fuels data harvesting. Companies and individuals are known to harvest data - extract useful information from data sources for their personal benefit.
As India’s financial ecosystem continues to digitize, the importance of robust cybersecurity cannot be overstated. SEBI’s Cybersecurity and Cyber Resilience Framework (CSCRF) was introduced to address the evolving threat landscape, ensuring that regulated entities remain secure and resilient. However, the emergence of quantum computing is reshaping the cybersecurity narrative.
In an era of rapid digital transformation, India’s financial sector is the backbone of the economy, which leverages technology to facilitate banking, securities trading, investment services, and more. However, with this increased digitization comes heightened exposure to cyber risks. To address the growing cyber threats,
For entities under SEBI regulation, this looming shift means facing the urgent task of future-proofing data security. The current encryption techniques that form the backbone of financial security systems may become vulnerable to quantum attacks, potentially exposing critical information.
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To comprehend the concept of a qubit, one must first grasp the essence of quantum computing. Unlike classical computers, which operate based on binary bits—units of information—quantum computers harness the peculiar phenomena of superposition and entanglement to process data in a fundamentally different manner.
Quantum computers use fundamental principles of quantum mechanics to solve complex problems in a matter of seconds (which otherwise would take several years). Once a quantum computer achieves a scale large enough to crack RSA encryption protocols, all of our online data is under threat.
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Today, a huge amount of stolen information is lying in foreign databases. They are ready to be exposed in the next few years with the imminent arrival of quantum computers. It’s time for governments and enterprises to step up. They need to be quantum-ready and develop a crypto agility strategy.
The global energy demand is estimated to increase by 50 percent by 2050. The growing energy demand necessitates more devices to regulate energy generation, transmission, and distribution. The present-day grid relies on a vast number of networked devices and sensors that constantly monitor energy inputs and outputs to optimise the production and distribution of energy.
A quantum computer is a computing technology that uses sub-atomic particles and the principles of quantum mechanics to perform exponentially faster computations than existing computers. Quantum computing has many applications in healthcare, such as protein folding. However, the technology also has the power to break today’s encryption protocols that secure data and critical systems.
On December 21, 2022, President Biden signed the Quantum Computing Cybersecurity Preparedness Act, which encourages federal government agencies to adopt technology that protects against quantum computing attacks.
Scientific community has been working on extracting the benefits of quantum physics for computation over 15-20 years. Three key reasons have been stalling meaningful realization
Cybercriminals are especially eyeing pharmaceutical companies in view of the COVID-19 pandemic. Indian pharma firms were possibly attacked since they are providing affordable medicines on a large scale and are important in drug discovery and supply chain.
Quantum tunnelling is one of the most intriguing phenomena in quantum physics. Tunnelling may appear to have little relevance to everyday life but it is a fundamental process of nature that is responsible for many things on which life itself is dependent.
In cybersecurity, where data protection is paramount, traditional cryptographic methods have long been the stalwart guardians of sensitive information. However, as computing power advances, so too do the tools available to potential attackers. In the ever-evolving landscape, the emergence of quantum cryptography offers a promising solution to the challenges of secure communication in the digital age.
The landscape of digital security is constantly evolving and threats loom large. But, the emergence of quantum security provides hope. Quantum security represents a paradigm shift in the way we safeguard our digital infrastructure against increasingly sophisticated attacks.
Today, most cyber threats and attacks go undetected. Quantum cryptography is a boon in this case as it allows firms to understand and detect threats such as MITM attacks, DDoS Attacks, Trojan attacks, and security spoofing.