Cambridge Quantum has developed a service to deliver quantum-resistant cryptographic keys to customers. The solution uses a quantum computer, a special application, entanglement, and an API. The solution is designed to operate using any quantum computer and can be integrated into existing cybersecurity solutions.
Reading the article, it is hard to determine if the product is specific to encryption key distribution, or if it also protects in some way against the ability of quantum computing to crack Shor’s Algorithm itself. At the same time, Cambridge Quantum released the results of a survey:
A recent survey commissioned by Cambridge Quantum found that existing encryption methods may last only two more years. Dimensional Research conducted the survey for the quantum company in October and asked 600 cybersecurity professionals about these concerns. Sixty percent of respondents predict current encryption will be broken by 2023 by new and evolving technologies.
Only 21% said they were ready for this sea change in cybersecurity. Another 38% said they will be ready within the next two years. Unfortunately, only 20% of respondents said their organizations are allocating funds to address this challenge. An even smaller group — 13% — have purchased a solution to do so.
The survey also found that:
• 80% of respondents are worried that a quantum-powered attack could occur without warning
• 86% said they comply to regulations requiring critical data protections for an extended period
Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group