Issued on behalf of Scope Technologies Corp.
VANCOUVER – USA News Group News Commentary – Whether the experts believe quantum computing is just around the corner or not, the threat still looms for the day that it becomes a commercial reality, and everyone needs to be prepared. A recent report from McKinsey not only explored the growing investment into quantum computing capabilities, but also the importance of the coinciding security that will be needed to protect against the infinitely smarter new tech. McKinsey’s analysts estimate rapid growth in the quantum communication market at roughly 23-25% CAGR, potentially expanding the market to $14.9 billion by 2035, with post-quantum cryptography holding the largest market share at $2.4 billion to $3.4 billion.
The market is beginning to pay closer attention to not only quantum computing developers, but those who are protecting us from the threat to come, with recent pushes coming from Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), Cloudflare, Inc. (NYSE: NET), Vodafone Group (NASDAQ: VOD), International Business Machines Corporation (IBM) (NYSE: IBM), and SEALSQ Corp. (NASDAQ: LAES).
Quantum advancements are accelerating rapidly, opening new opportunities but also creating significant security risks. Europol warns that without a swift transition to post-quantum encryption, financial institutions and policymakers could face a digital crisis of historic scale.
Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), a pioneering technology company specializing in quantum security, has made a big leap forward with its Quantum Preparedness Assessment (QPA) tool. The company recently announced that QPA is now fully integrated with a widely used risk management system, making it easier for businesses to evaluate and protect themselves against future cyber threats from quantum computing. Using AI-powered automation, this upgraded tool helps organizations quickly and accurately assess their risks, plan their security strategies, and stay ahead of potential quantum-based attacks.
"As quantum threats loom closer, businesses must act now to evaluate and strengthen their security infrastructure,” said Sean Prescott, Founder and CTO of Scope Technologies Corp. “Our AI-powered QPA, with full RMF integration, provides a seamless, data-driven approach to assessing and mitigating risks before it’s too late.”
As quantum computing advances, traditional encryption methods are becoming easier to break. One major concern is the "Harvest Now, Decrypt Later" (HNDL) strategy, where cybercriminals steal encrypted data today, knowing that future quantum computers will be able to decode it.
Recent breakthroughs, like Google’s Willow chip in December 2024, and Microsoft’s Majorana 1 processor in February 2025, show how fast the landscape of quantum technology is progressing.
Google’s Willow chip has demonstrated computing power at speeds previously thought impossible, while Microsoft’s Majorana 1 uses a new type of qubit designed to make quantum computing more stable and scalable.
With real-world quantum applications on the horizon, businesses need to assess their risks now and take action before these threats become a reality.
To help companies stay ahead, QSE Group, the quantum security division of Scope Technologies, has developed an AI-powered assessment tool that simplifies the process of evaluating quantum-related risks. This automated tool provides clear, actionable insights to help businesses protect their sensitive data and infrastructure—without requiring a large investment.
Scope’s upgraded Quantum Preparedness Assessment (QPA) offers key advantages, including full integration with widely used risk management frameworks. Its AI-driven automation helps businesses identify vulnerabilities faster and with less manual effort. The tool also features an easy-to-use questionnaire system that customizes assessments based on each organization’s needs. Now market-ready, this solution allows companies to proactively strengthen their quantum security before threats become urgent.
Prior to the QPA incorporation, Scope affirmed that its Quantum Security Entropy (QSE) platform is fully aligned with the U.S. Department of Health and Human Services’ (HHS) proposed updates to the HIPAA Security Rule. These updates are designed to strengthen protections for healthcare data against growing cybersecurity threats.
Shortly after this announcement, the company demonstrated strong market confidence in its progress by securing $2.8 million in new funding. This includes a $1.8 million private placement and a $1 million debt financing deal with its first enterprise-level client, First Majestic Silver. These funds are now available to support further growth and innovation.
Scope Technologies is rapidly expanding its team and product lineup, reinforcing its leadership in next-generation quantum-proof security. With QSE already in the market and gaining traction, the company remains focused on delivering practical, real-world solutions to safeguard critical data now and in the future.
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 include:
Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, is expanding post-quantum cryptography support to its Zero Trust Network Access solution, providing businesses with immediate quantum-safe connectivity. By mid-2025, this protection will extend to all IP protocols, ensuring seamless security for corporate applications without requiring individual upgrades.
"Cloudflare has long committed to making post-quantum security the new baseline for Internet security, delivering it to all customers so we can bolster defenses against future quantum threats," said Matthew Prince, co-founder and CEO at Cloudflare. “Now, we’re offering that protection built directly into our Zero Trust solutions. We want every Cloudflare customer to have a clear path to quantum safety, and we are already working with some of the most innovative banks, ISPs, and governments around the world as they begin their journeys to quantum security."
With over 35% of human-generated traffic on its network already benefiting from post-quantum encryption, Cloudflare is leading the charge in preparing businesses for future cyber threats. As quantum computing advances, Cloudflare’s Zero Trust platform helps protect against "harvest-now, decrypt-later" attacks, securing corporate web applications and global internet traffic.
Vodafone (NASDAQ: VOD) and IBM (NYSE: IBM) have partnered to enhance quantum-safe security for smartphones, integrating IBM Quantum Safe technology into Vodafone Secure Net, a mobile security service used across Europe. This proof of concept, showcased at Mobile World Congress (MWC25), implements post-quantum cryptography to protect users from emerging cyber threats.
“We want our customers to enjoy the internet without worry, now and in the future,” said Luke Ibbetson, Head of Research & Development, Vodafone. “On the one hand quantum computing could have many societal benefits such as modeling new medicines and optimizing advanced digital networks. But on the other hand, it could be used to undermine the cryptographic principles that the Internet relies on today. That is why Vodafone and IBM are working together with other partners to get ahead of the curve.”
Recognizing the future risks posed by quantum computing, Vodafone has also successfully tested IBM’s technology to inventory and upgrade cryptography across its network infrastructure. As early adopters, both companies are leading industry-wide efforts to establish quantum-safe standards for global telecommunications security.
“As a pioneer in quantum-safe cryptography and solutions, IBM is proud to expand our collaboration with Vodafone to help protect its customers from anticipated quantum risks,” said Lory Thorpe, Quantum Safe Industry Lead, IBM. “It’s crucial for organizations to implement post-quantum cryptography, and Vodafone has led by example as an early adopter of post-quantum security solutions.”
SEALSQ Corp. (NASDAQ: LAES), a leader in post-quantum security solutions, has launched SEALQUANTUM, a $20 million investment initiative focused on accelerating advancements in quantum computing, AI-driven semiconductors, and post-quantum security.
“By investing in cutting-edge startups focused on quantum computing, QaaS, and AI-driven semiconductor technologies, we are fostering innovation, promoting unconventional thinking, and assisting entrepreneurs in finding creative solutions to complex challenges,” said Carlos Moreira, CEO of SEALSQ. “Innovation and our commitment to creating a better world have always been at the core of our mission, and we are proud to continue this tradition by investing up to $20 million of our available cash through SEALQUANTUM.”
SEALSQ has already announced investments in ColibriTD, a quantum computing firm, and is in exclusive negotiations to acquire IC’ALPS SAS, an ASIC design specialist. This initiative aims to strengthen Europe’s technological leadership, supporting quantum-resilient AI, cybersecurity, and semiconductor innovations amid growing global competition. By fostering cutting-edge startups, SEALSQ is positioning itself as a key player in building a quantum-safe digital future for industries and governments worldwide.
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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