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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 2023, financial institutions worldwide faced an alarming rise in ransomware and cyberattacks, with India experiencing a 29% increase in financial sector breaches according to CERT-In. Adding to this challenge is the looming threat of Harvest Now, Decrypt Later (HNDL), a strategy where hackers capture encrypted data today, intending to decrypt it using powerful quantum computers in the near future.
Ensure compliance with SEBI’s Cybersecurity and Cyber Resilience Framework (CSCRF) while preparing for the quantum-powered future.
To address these pertinent questions, the Minister of Electronics & Information Technology proposed the Digital Personal Data Protection Bill, 2023 in Parliament. It received the Presidential nod on 11th August. India has now joined the ranks of developed countries to protect citizens' data and citizens' right to privacy.
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.
QNu Labs offers Quantum-safe solutions to ✓Finance, ✓Telecom, ✓Healthcare & more industries protecting assets from present & future threats.
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,
The dynamics of geopolitics change over time; it is not a new phenomenon. Therefore, all data and transactions on the internet are encrypted. The widely used encryption method (RSA protocol) uses encryption keys to securely transmit data globally. An encryption key is a random string of bits used to encode and decode data. Each key is unique and unpredictable.
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QNu Labs' quantum security solutions safeguard data and communications in telecom and data centre industries with advanced encryption and quantum key distribution.
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Cyberspace is the environment in which interactions over computer networks occur. It encompasses the internet, the telecommunications network, computer systems, and the associated controllers and processors.
Quantum Key Distribution (QKD) is a ground-breaking method of secure communication that harnesses the principles of quantum mechanics. It enables two parties to generate a shared random secret key, known only to them, which can be used to encrypt and decrypt messages.
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.
Most of us remember Y2K. The global Y2K project aimed to replace the two-digit year codes with four-digit codes by December 31, 1999, to ensure that computers didn’t think the year was 1900 and bring the world to a halt. We successfully navigated the problem. At the tick of 00:00:01 on January 1, 2000, the world functioned as usual.
Though random numbers are generated in many ways, not all are good enough for cryptographic use. For example, computer-generated random numbers are not truly random. A computer is a machine designed to execute instructions in a predictable and repeatable way. They need assistance from external hardware to produce randomness.
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