Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), a leader in quantum-safe encryption, and Exclusive Networks North America, a global trusted cybersecurity specialist for digital infrastructure, today announced a distribution agreement for Arqit’s unique Symmetric Key Agreement Platform.
Joining Exclusive Networks’ portfolio of industry-leading vendors, channel partners can offer Arqit’s groundbreaking technology that protects against both current and future cyber threats including the risk from quantum computing.
Organizations face a clear and present danger from cyber adversaries employing “store-now, decrypt-later” attacks, stockpiling encrypted data to crack it open with the advent of quantum computing. Arqit’s Symmetric Key Agreement Platform enables end-customers to simplify and strengthen their encryption and move from a complex public-key infrastructure and the need to trust third parties, to a platform designed for the cloud and a world of connected devices.
David Williams, Arqit Founder, Chairman and CEO said:
“We are thrilled to partner with Exclusive Networks North America, making our unique Symmetric Key Agreement Platform available to their industry-leading partners. To counter the growing threats from cyber adversaries in an ever-connected world, organizations need to take urgent action to simplify and strengthen their encryption, safeguarding their data and removing the quantum threat from their risk registers.”
Brian Vincik, Senior Vice President, Exclusive Networks North America said:
“As organizations drive their digital transformation, they need confidence in the cybersecurity solutions available on the market. As a leader in quantum-safe encryption, Arqit’s products and services protect against today’s cyber threats and provide a defence against tomorrow’s quantum attacks. Exclusive Networks is delighted to offer its US partners Arqit’s groundbreaking technology within our trusted, high performance technology ecosystem.”
Notes to Editors
“Store-now, decrypt-later” is a known threat and concerning for data with a long-time value:
- 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:
- US National Security Agency (NSA): “NSA considers the use of pre-shared symmetric keys in a standards-compliant fashion to be a better near-term post-quantum solution than implementation of experimental postquantum asymmetric algorithms” (NSA, Quantum Computing and Post-Quantum Cryptography, 4 August 2021, 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).
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