Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), a leader in
quantum-safe encryption, today announced a reseller agreement with
Total Computers (Total), the digital transformation experts, for
Arqit’s Symmetric Key Agreement Platform and NetworkSecure™
Adaptor.
In an ever-connected world, enterprises need to
take urgent action to strengthen their encryption to counter the
growing threats from cyber adversaries. Compliant with NSA
standards, Arqit’s Platform as a Service makes symmetric encryption
keys which cannot be broken even by quantum attack. Easily
integrated at modest cost with dynamic rotating authentication,
Arqit’s groundbreaking technology is now available to Total
customers as part of their comprehensive suite of services.
At Total Computers, the extensive range of
services and solutions encompasses Cloud, Cyber Security,
Infrastructure, Managed Services, and Workspace. Total’s approach
is consultative, and they are dedicated to ensuring customer
success. It is this commitment that has earned them the trust of
both our customers and partners, as they consistently provide the
superior levels of service they require.
David Williams, Arqit Founder, Chairman
and CEO said:
“We are thrilled to partner with Total to offer
our encryption technology to their customers, who can now easily
harden their networks for enhanced protection against current and
future cyber threats. Enterprises need to be able to secure their
data against both current and future cyber threats and with Arqit’s
unique products, they have off-the-shelf solutions that can be
easily deployed today.”
Kevin Goodall, Managing Director, Total
Computers said:
“In today’s increasingly interconnected and
cyber-threat prone world, enterprises need to ensure that cyber
security is a core part of their strategy. We are delighted to
offer Arqit’s groundbreaking encryption technology as part of our
comprehensive suite of services for our customers.”
Notes to Editors
The UK Government acknowledges the
quantum threat:
- UK National Cyber Security
Centre (NCSC): “A quantum computer will allow the attacker
to read information that has been encrypted in the past, and forge
information in the future” (NCSC, Preparing for Quantum-Safe
Cryptography whitepaper, 11 November 2020, link).
“Store-now, decrypt-later” is a known
threat and concerning for data with a long-time
value:
- UK National Cyber Security
Centre (NCSC): “The threat to key agreement is that an
adversary collecting encrypted data today would be able to decrypt
it in future, should they have access to a CRQC [Cryptographically
Relevant Quantum Computer]” (NCSC, Preparing for Quantum-Safe
Cryptography whitepaper, 11 November 2020, link).
- US Congress: “The
rapid progress of quantum computing suggests the potential for
adversaries of the United States to steal sensitive encrypted data
today using classical computers and wait until sufficiently
powerful quantum systems are available to decrypt it” (Congress,
Quantum Computing Cybersecurity Preparedness Act, 21 December 2022,
link).
Symmetric cryptography is a solution
that can be implemented right now and can be used for both
encryption and key exchange:
- UK National Cyber Security
Centre (NCSC): “In contrast with PKC [public-key
cryptography], the security of symmetric cryptography is not
significantly impacted by quantum computers, and existing symmetric
algorithms with at least 128-bit keys (such as AES) can continue to
be used” (NCSC, Next steps in preparing for post-quantum
cryptography, 3 November 2023, link).
- US National Security Agency
(NSA): “NSA considers using pre-shared symmetric keys in a
standards-compliant fashion a better near-term post-quantum
solution than implementing experimental post-quantum asymmetric
algorithms” (NSA, The Commercial National Security Algorithm Suite
2.0 and Quantum Computing, 7 September 2022, link).
The US Government has already directed
their agencies to implement symmetric-key protections for National
Security Systems (NSS):
- The White House:
“By December 31, 2023, agencies maintaining NSS shall implement
symmetric-key protections (e.g., High Assurance Internet Protocol
Encryptor (HAIPE) exclusion keys or VPN symmetric key solutions) to
provide additional protection for quantum-vulnerable key exchanges”
(The White House, National Security Memorandum on Promoting United
States Leadership in Quantum Computing While Mitigating Risks to
Vulnerable Cryptographic Systems, 4 May 2022, link).
About Arqit
Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit)
supplies a unique encryption Platform as a Service which makes the
communications links of any networked device, cloud machine or data
at rest secure against both current and future forms of attack on
encryption – even from a quantum computer. Compliant with NSA
standards, Arqit’s Symmetric Key Agreement Platform delivers a
lightweight software agent that allows devices to create encryption
keys locally in partnership with any number of other devices. The
keys are computationally secure and operate over zero trust
networks. It can create limitless volumes of keys with any group
size and refresh rate and can regulate the secure entrance and exit
of a device in a group. The agent is lightweight and will thus run
on the smallest of end point devices. The Product sits within a
growing portfolio of granted patents. It also works in a standards
compliant manner which does not oblige customers to make a
disruptive rip and replace of their technology. Recognised for
groundbreaking innovation at the Institution of Engineering and
Technology awards in 2023, Arqit has also won the Innovation in
Cyber Award at the National Cyber Awards and Cyber Security
Software Company of the Year Award at the Cyber Security Awards.
Arqit is ISO 27001 Standard certified. www.arqit.uk
Media relations
enquiries:Arqit: pr@arqit.uk
Gateway: arqit@gateway-grp.com
Investor relations
enquiries:Arqit:
investorrelations@arqit.uk
Gateway: arqit@gateway-grp.com
About the acquisition
boxxe, a UK-based IT Services and Solutions
provider, announced the acquisition of Total Computers,
effective 31st January
2024, in a move that accelerates boxxe’s strategy in the
corporate market. boxxe owner Phil Doye had previously acquired a
minority stake in Total Computers in November 2022. Total has a
rich heritage as a partner of choice for many of the UK’s most
successful and recognised companies, and through its own
acquisition of Overbright in 2022, it added deep digital
transformation expertise. This acquisition creates one of the UK’s
largest providers of software, solutions and services to both the
public and private sector.
About boxxe
boxxe is a leading provider of software,
solutions, and services to the public and private sectors. For over
thirty-five years, boxxe has used its deep expertise, practical
know-how and collaborative approach, to implement flexible tech
solutions to help organisations accelerate growth, increasing
productivity and reducing downtime for customers. Our range
of services empowers organisations and gives people the confidence
to use tech to be their best and better – commercially, socially,
and sustainably.
Caution About Forward-Looking Statements
This communication includes forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. All statements, other than statements of
historical facts, may be forward-looking statements. These
forward-looking statements are based on Arqit’s expectations and
beliefs concerning future events and involve risks and
uncertainties that may cause actual results to differ materially
from current expectations. These factors are difficult to predict
accurately and may be beyond Arqit’s control. Forward-looking
statements in this communication or elsewhere speak only as of the
date made. New uncertainties and risks arise from time to time, and
it is impossible for Arqit to predict these events or how they may
affect it. Except as required by law, Arqit does not have any duty
to, and does not intend to, update or revise the forward-looking
statements in this communication or elsewhere after the date this
communication is issued. In light of these risks and uncertainties,
investors should keep in mind that results, events or developments
discussed in any forward-looking statement made in this
communication may not occur. Uncertainties and risk factors that
could affect Arqit’s future performance and cause results to differ
from the forward-looking statements in this release include, but
are not limited to: (i) the outcome of any legal proceedings that
may be instituted against the Arqit, (ii) the ability to maintain
the listing of Arqit’s securities on a national securities
exchange, (iii) changes in the competitive and regulated industries
in which Arqit operates, variations in operating performance across
competitors and changes in laws and regulations affecting Arqit’s
business, (iv) the ability to implement business plans, forecasts,
and other expectations, and identify and realise additional
opportunities, (v) the potential inability of Arqit to successfully
deliver its operational technology, (vi) the risk of interruption
or failure of Arqit’s information technology and communications
system, (vii) the enforceability of Arqit’s intellectual property,
and (viii) other risks and uncertainties set forth in the sections
entitled “Risk Factors” and “Cautionary Note Regarding
Forward-Looking Statements” in Arqit’s annual report on Form 20-F
(the “Form 20-F”), filed with the U.S. Securities and Exchange
Commission (the “SEC”) on 21 November 2023 and in subsequent
filings with the SEC. While the list of factors discussed above and
in the Form 20-F and other SEC filings are considered
representative, no such list should be considered to be a complete
statement of all potential risks and uncertainties. Unlisted
factors may present significant additional obstacles to the
realisation of forward-looking statements.
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