Are You Ready to Witness the Future of Data Security?
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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.
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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.
As the digital landscape evolves, the threat of quantum computing to conventional encryption methods becomes increasingly real. Quantum computers, with their ability to solve complex problems exponentially faster than classical computers, pose a significant risk to the encryption algorithms that currently safeguard our data.
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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.
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Y2Q, the year when quantum computers will become powerful enough to break the current encryption code, is approaching sooner than expected. The moment is dreaded by businesses, governments, and individuals alike because it poses a serious threat to the security of our networks and data.
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,
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Ensure compliance with SEBI’s Cybersecurity and Cyber Resilience Framework (CSCRF) while preparing for the quantum-powered future.
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.
Cryptosystems are designed to cope with the worst-case scenarios: an adversary with infinite computing resources can get access to plaintext/ciphertext pairs (and thus could study the relationship between each pair) and know the encryption and decryption algorithms; and can thereby choose plaintext or ciphertext values at will.
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 quantum mechanics, the phenomenon of quantum entanglement stands out as both perplexing and fascinating. It is one of the iconic principles of quantum physics and probably the bedrock of new-age quantum technologies.
Encryption, a crucial digital security practice, conceals information from unauthorized access by establishing entry parameters, akin to a password for data retrieval. It involves transforming data into an unreadable format using intricate algorithms, rendering it inaccessible to unauthorized entities.
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.
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.
We are witnessing the second quantum revolution. We are, for the first time, exploring the possible applications of quantum superposition and quantum entanglement. Quantum communication is one of the important use cases of quantum mechanics. Building a large and fully-functional quantum network will determine the commercial success of quantum communication.
Superposition is one of the most iconic concepts in quantum physics. The principle says that the particles such as electrons can exist in multiple positions simultaneously. For example, imagine a coin tossed in the air—it is not in a definite state of heads or tails while in the air until it is observed. Similarly, sub-atomic particles in quantum superposition exist in all possible states until they are measured.
At the core of quantum mechanics is the idea that particles, such as electrons and photons, can exist in multiple states simultaneously. Unlike classical physics, where an object can only exist in one state at a time, quantum superposition allows particles to exist in a combination of states.
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?
Google announced crossing the Quantum Supremacy Threshold of 53 Qubits. This essentially means that a Quantum Computer (QC) of 53 Qubits can perform some operations faster than the most advanced supercomputers today.