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The Indian Cabinet recently approved the National Quantum Mission. The mission is essential for building excellence in national quantum security and developing quantum computers, quantum communication, new materials, quantum sensors, and quantum cryptography.
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.
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Companies and governments around the world are in a race to build the first usable quantum computer. The technology promises to make some kinds of computing problems much, much easier to solve than with today’s classical computers, but it also poses a significant threat to the integrity of encrypted data.
Industries such as banking, healthcare, power grids, and telecom (critical digital infrastructure) are at risk as quantum computers become more powerful, and the potential for systems compromise in these industries continues to grow with every passing day.
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.
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 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.
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Countries around the world are adopting quantum technologies at a rapid rate. India announced the National Quantum Mission to demonstrate the government’s dedication to advancing quantum science in the country and hint at quantum priorities.
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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QNu Labs' quantum security solutions safeguard classified data and secure communications in the government and defense sectors with advanced encryption and quantum key distribution.
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.
QNu Labs' quantum security solutions protect sensitive financial data and transactions in the banking and finance industries with advanced encryption and quantum key distribution.
QNu Labs quantum security solutions protect patient data and ensure secure operations in healthcare and hospital industries with advanced encryption and key distribution.
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.
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.
QNu Labs ✓Post-Quantum Cryptography (PQC) algorithm meets NIST standards & easily integrates with servers, mobiles, FPGA, PCIe cards, and more