US-based data-security specialist Cyber Reliant has partnered with Lloyd's underwriter Canopius to produce the world's first quantum-secure data protection warranty. The warranty protects commercial and institutional purchasers of Cyber Reliant data protection products with coverage of up to $5m.
The Cyber Reliant platform is the only product rigorously tested by US Federal Laboratories as quantum resistant for protecting data at rest, in use, or in transit. It does this by transforming the data’s properties into quantum-secure fragments. Regardless of if a network is breached, surveilled, or data is exfiltrated by malware or ransomware, the data will remain secure and available to the authorized user. The data protection company offers both federal and commercial data privacy solutions and addresses all major regulatory and compliance requirements.
“Our platform provides methods for clients to implement enterprise-wide data protection on any data type, to include network protocol/packet data and IoT,” said Cyber Reliant CEO Ricardo Bueno.
“Together, this warranty and the Cyber Reliant platform will enable customers to significantly reduce risk from both a governance and regulatory compliance perspective. This market-making solution finally makes it possible for the C-suite to connect policy and financial risk. Our methods include a zero-trust data protection architecture for privacy management that gives control back to the customer by eliminating the need for other privacy solutions.”
Canopius global head of cyber and technology Matt Northedge said “We’re always looking to support product innovation in the cyber market, and this warranty is a standout example of a smart solution to an ongoing problem for businesses. Bringing together Cyber Reliant’s quantum-resistant cybersecurity platform with our warranty protection blends our specialist skill sets and effectively offers businesses a ‘double lock’ of protection against data loss.”
Quantum secure
The platform allows data to be protected against quantum computing, which uses quantum bits as opposed to the binary bits (0 or 1) utilized in traditional computing.
While bits allow for two discrete values, qubits can store a point in a two-dimensional continuum, a surface of a sphere. Quantum computing can take advantage of those more powerful qubits and carry out operations not only for a determined value 0 or 1 but also for all possible superpositions at the same time.
This means that quantum computing has a huge efficiency advantage over binary computing for selected tasks, and some tasks will only be feasible through quantum computing. This also means that quantum computing has the ability to break many of the classic cryptography methods used to secure data.
“The risk extends to the core internet security protocols. Nearly all of today’s systems that demand security, privacy, or trust, would be affected,” said a post from the European Data Protection Supervisor website.
“Organisations should consider for how long they need to guarantee absolute confidentiality of data and protection from retrospective decryption. Based on what we know today there is no immediate threat posed by a quantum computer in the foreseeable future. It may likely take decades to build a usable quantum computer that can execute known algorithms. But for data that needs to remain safe for very long, this uncertainty poses an issue that may require an early transition to post-quantum cryptography,” the post said.
Source: asiainsurancereview.com