- PQShield is a major contributor to NIST’s process of standardizing post-quantum cryptography.
- The company is witnessing a surge in demand as companies strive to protect themselves from the quantum threat.
- “The“ harvest now and decrypt later ”attack is the number one reason companies take immediate action,” said PQShield CEO. Ali El Carfarani
- The company has launched a quantum-enabled program for enterprises at all stages.
- The hybrid cryptographic library is the first submitted for FIPS 140-3 validation.
London, June 1, 2022 / PRNewswire /-Post-Quantum Cryptography Company PQShield Has offered new deals to deploy quantum-enabled cryptographic solutions to organizations in various sectors. Today, the company announced a key licensing agreement with Microchip Technology and a collaboration with Collins Aerospace.
National Institute of Standards and Technology (NIST) To process Standardize post-quantum cryptography. New standards are imminent.
Meanwhile, governments and security agencies are making more noise than ever about the urgent need to move to new, quantum-secure cryptographic standards.of January When MayThe White House memo called on US government agencies to identify non-quantum proof encryption and provide a timeline for migration. Separately, the French National Security Agency (ANSSI) Recommended Immediate introduction of post-quantum defense throughout the private sector, and Germany’s BSI approved Use of post-quantum cryptography.
PQShield is a major contributor to the NIST process Final consideration Advised for standardization and everything else.
Since then Grow $ 20 million With Series A funding in January, the company has grown strongly due to growing global awareness of the quantum threat and its urgency. Today, the company announced the following:
In the semiconductor industry Microchip technology Will be the licensee of PQShield’s post-quantum cryptography IP cores for use in its product portfolio over the next few years, recognizing quantum threats and actively adopting new standards, leading the industry.
of defensePQShield and Collins AerospaceIs a leader in technologically advanced and intelligent solutions for the global aerospace and defense industry, cooperating in proof-of-concept integration of post-quantum cryptography solutions.
In Deployment of post-quantum cryptography for government, PQShield has submitted a hybrid cryptographic library, PQCryptoLib, which has been validated with FIPS 140-3, a mandatory standard for protecting sensitive data in federal systems in the United States and Canada. This will be the first hybrid library submitted to NIST’s Cryptographic Module Verification Program for FIPS 140-3. It is used by government partners and contractors to do business in a fully compliant, quantum-safe way.
PQShield is the only company that can demonstrate and deliver quantum secure encryption on chips, applications, and the cloud. Over the last two quarters, the company has solidified itself as the only established provider of post-quantum solutions at all stages of its post-quantum cryptography journey, from standard development to licensing.
Its quantum readiness program, launched for enterprises at all stages, includes:
Standard development: PQShield is part of the NIST program for developing new standards for post-quantum cryptography. The team also works with other organizations such as RISC-V and Global Platform to define those organizations.
education: Through a new briefing program, PQShield helps executives, buyers and engineers understand the threat of quantum and get the specific information they need to plan a safe future.
Cryptographic discovery: PQShield has researched and selected the leading cryptographic detection tools for incorporating industry-leading know-how. This partnership, announced at a later date, will help companies understand what encryption they are doing and where they are. This is the first step in the transition to quantum security.
evaluation: Each company’s products are unique, so it’s important to evaluate them before finalizing your migration plan. PQShield supports multiple partners such as Collins Aerospace at this stage of the migration process.
license: Once you understand what a company like Microchip Technology needs, get a license. Only PQShield can provide the encryption needed to do this in both hardware and software.
PQShield is also expanding its international presence in response to this surge in global demand. In April, the company appointed IntralinkProfessional international business development consultant Asia, Supports entry into the Japanese market.In addition, we plan to expand its presence. Europe And the United States in the coming months.
The company also plans to double the team by the end of 2022. employment of Alan Grau (Formerly Sectigo) As VP Business Development; Michael Vroobels (formerly TrueLayer) as VP Operations.When Graham Hicky (Former NXP Semiconductors) As Senior Director of Engineering. Ben Pac-Man (Former advisors such as Navenio, Vivacity Labs and Thought River) also joined the team in April as an SVP strategy.
Ali El CarfaraniFounder and CEO of PQShield, said:
“There was a big gearshift because companies are aware of how serious a Quantum attack is for their business. The“ harvest now and decrypt later ”attack is the number one reason to take immediate action. Executable quantum is not an issue. The machine has not arrived at the scene yet. Sensitive data stolen today can be decrypted immediately.
“The new licensing agreement with Microchip Technology is a good example of how serious manufacturers are taking the threat of Quantum. OEMs and suppliers say that hardware designed and built today has a life cycle of decades. I understand that there may be resistance burned in, it’s a big security issue waiting to happen.
“We are pleased that the government has spotlighted this significant threat to infrastructure and is demanding that government agencies implement new quantum-resistant encryption. As government partners and contractors adapt to new standards. , More sectors are expected to follow in their footsteps .. “
About PQShield
PQShield is a cybersecurity company specializing in post-quantum cryptography that helps organizations prepare for future threat situations while protecting their data from today’s attacks. This is the only cybersecurity company that can demonstrate quantum secure encryption in chips, applications, and the cloud. Headquartered in the UK united states of america, France, Belgium, Netherlands When JapanIts quantum secure encryption solution works with enterprise legacy systems to protect devices and sensitive data now and for the next few years.
PQShield is primarily backed by Addition, Crane Venture Partners, Oxford Science Enterprises (formerly OSI), Kindred Capital, and Innovate UK.You can read the latest white paper here..
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