Issued on behalf of Scope Technologies Corp.
VANCOUVER – USA News Group News Commentary – In 2024 alone, over 1 billion records have been stolen, and this number continues to rise, according to a report from TechCrunch. Earlier this year, the International Monetary Fund (IMF) raised concerns about the growing cyber threats that could destabilize financial systems worldwide. IBM’s 2024 Data Breach Report highlighted that a shortage of cybersecurity professionals contributed to a $1.76 million increase in average breach costs. To combat these escalating risks, the National Institute of Standards and Technology (NIST) recently introduced its first set of post-quantum cryptography (PQC) standards to defend against future cyberattacks as hackers gain more sophisticated tools. Several technology developers are now advancing AI-driven and quantum-resistant security solutions to protect data both today and in the future, with notable recent developments including: Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), CrowdStrike Holdings, Inc. (NASDAQ: CRWD), Fortinet, Inc. (NASDAQ: FTNT), Akamai Technologies, Inc. (NASDAQ: AKAM), and Kyndryl Holdings, Inc. (NYSE: KD).
The article continued: Analysts at MarketsandMarkets project the Global Cybersecurity Market to grow from $190.4 billion in 2023 to $298.5 billion by 2028, reflecting a compound annual growth rate (CAGR) of 9.4%. Meanwhile, Visiongain Reports predicts even faster expansion for the Quantum Cryptography market, with a forecasted CAGR of 29.3% through 2034.
Scope Technologies Launches Subscription Model for Round-Trip Encrypted, Quantum-Resilient Cloud Storage for Individuals and Small Businesses
Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), a pioneering technology company specializing in quantum security and machine learning (ML), today announced the official launch of its subscription model, now offering individuals and small businesses full access to its industry-leading round-trip encrypted and quantum-resilient decentralized cloud storage solutions.
This launch reinforces Scope Technologies' dedication to delivering cutting-edge data security solutions. With the Quantum Security Entropy (QSE) platform, individuals and small businesses now have access to the same advanced encryption and decentralized storage used by mid-sized and enterprise clients, ensuring their data is protected from both current and emerging cyber threats.
“Data protection should not be a luxury,” said Sean Prescott, Founder and CTO of Scope Technologies. “With this launch, we’re making the same round-trip, quantum-resistant encryption and decentralized storage vaults available to individuals and small businesses that we already provide to mid-sized and enterprise corporations. Now everyone can protect their data from today’s risks and the future challenges posed by quantum computing.”
Scope Technologies has completed significant updates to its platform, now offering its advanced Quantum Security Entropy (QSE) cloud storage services to individuals and small businesses. These services include quantum-proof encryption, which leverages quantum entropy to create unbreakable encryption keys, protecting data against future quantum computing threats. The platform's immutable, decentralized storage ensures that data remains secure from ransomware, over-encryption, and tampering, offering a substantial upgrade over traditional cloud backup solutions.
The platform supports seamless integration via user-friendly APIs, enabling quick setup and adaptability as businesses expand. With flexible pricing plans, individuals and small businesses can now access enterprise-level security, making advanced data protection both scalable and affordable.
The subscription model is designed to adjust based on storage needs, offering options like enhanced entropy calls for stronger encryption. Users can easily scale their storage as required, all while maintaining top-tier data security.
CONTINUED… Read this and more news for Scope AI at: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/
In other industry developments and happenings in the market this week include:
CrowdStrike Holdings, Inc. (NASDAQ: CRWD), recently announced a strategic partnership with
Fortinet, Inc. (NASDAQ: FTNT), to unify best-in-class endpoint and firewall protection. By integrating AI-powered endpoint security from the CrowdStrike Falcon® platform with Fortinet’s FortiGate next-generation firewalls (NGFW), customers and partners will benefit from enhanced flexibility, visibility, and security across networks, applications, and endpoints, effectively preventing breaches by providing comprehensive protection.
"Decisive strategy and execution from industry leaders to drive innovation is what benefits customers and delivers better security outcomes," said Daniel Bernard, chief business officer, CrowdStrike. "CrowdStrike pioneered an AI-native platform to revolutionize endpoint security – Fortinet defines next-generation firewall protection and network security focused on performance and efficacy. Customers benefit from using us together, partners benefit from bringing us to market together, and this strategic partnership symbiotically advances both companies' expansion strategies. We look forward to our collaboration with Fortinet."
The Falcon® platform has transformed cybersecurity by using an AI-native and adversary intelligence approach, replacing traditional antivirus and legacy products to become the industry standard for endpoint security. It delivers top-tier protection, scalability, and ease of deployment, as confirmed by third-party assessments. Fortinet’s FortiGate Next-Generation Firewalls (NGFWs) come in various formats—hardware, software, and as-a-Service—featuring custom-built ASICs that offer up to 17x faster performance and 90% greater power efficiency. Coupled with Fortinet’s FortiGuard AI-powered Security Services, it provides market-leading threat protection performance.
"For nearly 25 years Fortinet has set the standard for the convergence of networking and security," said John Maddison, CMO and EVP of products, Fortinet. "By bolstering our partnership with CrowdStrike, we look forward to continued collaboration and innovation as we offer customers a joint solution that resonates at scale with all market segments globally – securing the Fortune 500 to SMBs, across networks, applications and endpoints."
Akamai Technologies, Inc. (NASDAQ: AKAM), a cloud company that powers and protects life online, recently announced a collaboration with Kyndryl Holdings, Inc. (NYSE: KD), the world’s largest IT infrastructure services provider, to deliver Micro-Segmentation Implementation Services with Akamai Guardicore Segmentation.
"We're dedicated to helping customers navigate their ever-evolving cybersecurity challenges and security requirements," said James Carrigan, Jr., Vice President, U.S. Security and Resiliency Practice Leader at Kyndryl. "Collaborating with Akamai will allow us to further provide our customers with Zero Trust segmentation quicker and more efficiently."
Kyndryl teams worldwide are certified to provide implementation and managed services for Akamai Guardicore Segmentation under the Guardicore certified Service Provider (GcSP) program. Akamai Guardicore Segmentation will complement Kyndryl Zero Trust Services while bolstering capabilities and helping to solve customer challenges in the unique context of their networks.
The combination of Kyndryl's consulting expertise with Akamai's technology can provide customers a more seamless option for designing, accelerating, and achieving their Zero Trust, segmentation, and network security objectives. Kyndryl Consult Micro-Segmentation Implementation Services and Akamai Guardicore Segmentation help increase cyber resiliency within an organization's IT infrastructure by limiting lateral movement of threats. They also help secure organizational assets and data by employing robust authentication methods and real-time, risk-based access policies.
"We're proud to continue our work with Kyndryl to be able to help our mutual customers on their Zero Trust journey," said Nathan Perdue, Vice President, Global Sales Enterprise Security at Akamai. "One of the reasons security has grown to be the largest revenue driver for Akamai is because of dedicated service providers like Kyndryl. We look forward to continuing to provide our customers with the support they need to grow and protect their own businesses."
Article Source: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/
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