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Explore Secure Financial Transactions with expert insights, use cases, and solutions. Learn how Secure Financial Transactions can enhance your cybersecurity and protect sensitive data.
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.
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.
QNu Labs' quantum security solutions protect sensitive financial data and transactions in the banking and finance industries with advanced encryption and quantum key distribution.
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.
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.
Before understanding Quantum Key Distribution (QKD), let us understand quantum cryptography. Cryptography is the process of encrypting and protecting data such that only the person with the right secret key can decrypt it. Quantum cryptography is a process of encryption using properties of quantum mechanics to transmit data securely, making it hack-proof.
Data sent over public communication channels are secured using cryptography. It protects all kinds of electronic communications as well as passwords, digital signatures, and health records. The advent of quantum computers has put cybersecurity under a state of alarm. Large-scale quantum computers have the power to break public key encryption.
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.
Explore Secure Communication with expert insights, use cases, and solutions. Learn how Secure Communication can enhance your cybersecurity and protect sensitive data.
Find more information about QNu Labs Guide: Quantum Key Distribution (QKD) and How it Works?. Get more Quantum Cryptography Guide from QNu Labs.
Find more information about QNu Labs Case Study - Quantum Security for Blockchain. Download our Quantum Cryptography Case Studies for Free.
Explore Secure Communications with expert insights, use cases, and solutions. Learn how Secure Communications can enhance your cybersecurity and protect sensitive 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,
Explore Secure Communication Protocols with expert insights, use cases, and solutions. Learn how Secure Communication Protocols can enhance your cybersecurity and protect sensitive data.
Explore Secure Key Exchange with expert insights, use cases, and solutions. Learn how Secure Key Exchange can enhance your cybersecurity and protect sensitive data.
Explore Secure 5G Networks with expert insights, use cases, and solutions. Learn how Secure 5G Networks can enhance your cybersecurity and protect sensitive data.
Explore Secure Data Transmission with expert insights, use cases, and solutions. Learn how Secure Data Transmission can enhance your cybersecurity and protect sensitive data.
Explore Secure Multiparty Computation with expert insights, use cases, and solutions. Learn how Secure Multiparty Computation can enhance your cybersecurity and protect sensitive data.
Explore Secure Data Transmission with expert insights, use cases, and solutions. Learn how Secure Data Transmission can enhance your cybersecurity and protect sensitive data.
Explore Secure Smart Cities with expert insights, use cases, and solutions. Learn how Secure Smart Cities can enhance your cybersecurity and protect sensitive data.
Explore Secure Key Distribution with expert insights, use cases, and solutions. Learn how Secure Key Distribution can enhance your cybersecurity and protect sensitive data.
Explore Quantum Secure Messaging with expert insights, use cases, and solutions. Learn how Quantum Secure Messaging can enhance your cybersecurity and protect sensitive data.