On June 12, ISARA’s CEO, Scott Totzke, was at FinDEVr London 2017 to talk about the emerging quantum computing threat to cybersecurity standards that global financial institutions, as well as governments and businesses, rely on today.
Scott explains quantum supremacy: what it means and how this milestone will change the world. He also describes the timing dilemma governments, financial institutions and businesses will face as we near the quantum age. The arrival of a universal quantum computer – one that could break current security standards – is estimated by experts to be approximately 9 years away. Governments and financial institutions face long migration timelines, potentially extending beyond the advent of a universal quantum computer. Scott emphasizes the importance of starting now to prepare for a quantum-safe future.
With quantum-safe security solutions already becoming available, Scott demos one to secure an online banking connection against current and future attacks. The banking connection shown over the Transport Layer Security (TLS) protocol is used to secure most Internet traffic and depends on cryptography that is unbreakable by conventional computers but is vulnerable to attack by quantum computers. He explains the impact of this widespread threat on the financial industry specifically and provides recommendations for mitigation.
Learn more about ISARA Radiate, the first complete quantum-safe security solution. Or contact us to get started on identifying your organization’s quantum risks.