Equity Insider News Commentary
Issued on behalf of Scope Technologies Corp.
VANCOUVER, BC, March 18,
2025 /PRNewswire/ -- Equity Insider News
Commentary – Whether quantum computing becomes a commercial
reality in the near future or remains years away, the threat it
poses to current encryption methods is undeniable, making quantum
security a growing priority. A recent McKinsey report
highlights the rapid expansion of quantum computing investments,
emphasizing the critical need for post-quantum cryptography to
safeguard sensitive data. Analysts project the quantum
communication market to grow at a 23-25% CAGR, reaching
$14.9 billion by 2035, with
post-quantum cryptography making up $2.4
billion to $3.4 billion of
that total. As a result, investors are increasingly focusing on
both quantum computing developers and the companies working to
protect against its risks, including Scope Technologies
Corp. (CSE: SCPE) (OTCQB: SCPCF), Palo Alto
Networks (NYSE: PANW), Alphabet, Inc. (Google) (NASDAQ:
GOOG, GOOGL), Cisco Systems (CSCO), and WISeKey
International Holding AG (NASDAQ: WKEY).
Quantum advancements are moving at an unprecedented pace,
creating new possibilities while exposing serious security
vulnerabilities. Europol has warned that failure to
transition to post-quantum encryption could lead to a digital
crisis of historic proportions, urging financial institutions and
policymakers to act swiftly. As cybercriminals adopt "harvest now,
decrypt later" tactics—stealing encrypted data today with plans to
decrypt it once quantum computers become viable—the race to
implement quantum-safe cryptography has never been more urgent.
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
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In other industry developments and happenings in the market
include:
Palo Alto Networks (NYSE: PANW) has launched a
Quantum Random Number Generator (QRNG) Open API, enabling
organizations to integrate quantum-safe cryptographic randomness
into their security systems. Developed with six industry partners,
this open framework eliminates proprietary barriers, allowing for
multi-vendor interoperability and easier adoption of post-quantum
security solutions.
"Helping the world become quantum safe is much more than any one
cybersecurity company, government agency or critical infrastructure
organization can tackle alone," said Rich
Campagna, SVP Product Management, Palo Alto Networks.
"Collaboration in the QRNG field is vital to future-proofing
against quantum computing threats and we are committed to our work
with standards bodies, global governments and our partners to help
steer the industry toward standardization. We are thrilled to
launch the QRNG Open API to benefit as many organizations as
possible."
The QRNG Open API is now available on GitHub, with support
coming to Palo Alto Networks' Next-Generation Firewalls
(NGFWs) later this year. By standardizing QRNG access, this
initiative helps businesses future-proof their encryption against
quantum-enabled cyber threats.
Alphabet, Inc. (NASDAQ: GOOG, GOOGL), through its
better-known subsidiary Google Cloud has introduced
quantum-safe digital signatures in its Cloud Key Management Service
(Cloud KMS), using NIST-standardized post-quantum cryptography to
protect digital signatures from future quantum threats. This update
allows organizations to cryptographically sign and validate data
with quantum-resistant algorithms, ensuring long-term security
against potential attacks from quantum computers.
"At Google, we take post-quantum computing risks
seriously," said a Google Cloud blog post authored by
Jennifer Fernick, Senior Staff
Security Engineer, Product Security Engineering, and Andrew Foster, Engineering Manager, Cloud KMS.
"We began testing PQC in Chrome in 2016, we've been using PQC to
protect internal communications since 2022, and we've taken
additional quantum-computing protective measures in Google Chrome,
Google's data center servers, and in experiments for
connections between Chrome Desktop and Google products (such
as Gmail and Cloud Console.)"
Google has been proactive in post-quantum security
efforts since 2016, integrating protections across Chrome, data
centers, and internal communications. As the quantum landscape
evolves, Google remains committed to adapting its encryption
technologies, supporting open-source cryptographic libraries, and
working with industry partners to enhance quantum-safe security
solutions.
Cisco Systems (CSCO) is advancing quantum-safe networking
solutions by integrating Quantum Key Distribution (QKD) and
Post-Quantum Cryptography (PQC) into its security framework. The
company developed quantum-safe secure boot and network transport
protocols, including the SKIP API, which allows network devices to
obtain quantum-resistant cryptographic keys.
"While the quantum threat remains in the future, tech companies,
standards bodies, and government entities have sought its
mitigation for some time," wrote Mike
Luken, Senior Product Manager for Cisco in a blog
post. "To this end, Cisco was an early pioneer in efforts to
define and provide quantum-safe networking solutions. Our initial
focus was on quantum-safe hardware secure boot, followed by
quantum-safe network transport protocols."
While QKD shows promise, governments and industry leaders are
prioritizing PQC solutions due to QKD's current limitations and
adoption challenges. Cisco remains committed to developing
PQC-based protections, aligning with global security standards to
safeguard networks against future quantum threats.
WISeKey International Holding AG (NASDAQ: WKEY) has
consolidated its cybersecurity, blockchain, AI, and
quantum-resistant cryptography technologies into a unified
ecosystem to strengthen digital trust across industries. This
integration includes quantum-resistant chips, AI-driven
authentication, blockchain-based identity verification, and secure
IoT communications, enhancing security for enterprises,
governments, and financial transactions.
"WISeKey's long-term strategy includes substantial
investments in AI and Quantum Computing," said the company in a
press release. "AI-powered cybersecurity solutions are being
developed to predict and prevent cyber threats, while
quantum-resistant cryptography is safeguarding digital assets from
future quantum computing risks. Self-sovereign digital identity
solutions will integrate AI to enhance authentication mechanisms,
and blockchain will ensure secure AI model verification to prevent
manipulation and breaches."
SEALSQ, a key subsidiary, is embedding post-quantum
cryptographic microcontrollers into digital identity solutions,
while WISeSat secures satellite-based IoT communications
with quantum-safe encryption. Through strategic acquisitions,
partnerships, and R&D in AI and quantum computing,
WISeKey is positioning itself as a global leader in
cybersecurity for the emerging digital landscape.
Article Source:
https://equity-insider.com/2025/03/18/is-scope-technologies-corp-cse-scpe-otcqb-scpcf-the-next-big-player-in-quantum-cybersecurity/
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