There’s been a major gear shift since the start of the year as companies realize just how serious a quantum attack could be for their business. ‘Harvest now, decrypt later’ attacks are the single biggest reason they are taking immediate action. Any sensitive data stolen today will be ripe for immediate decryption as soon as it does.
Building on this momentum, HelpNetSecurity reports on PQShield’s major new licensing agreement with Microchip Technology, as well as a collaboration with Collins Aerospace, a leader in technologically advanced and intelligent solutions for the global aerospace and defense industry, on a proof of concept integration of post-quantum cryptography solutions.
The agreements are a great example of how manufacturers and prime contractors are taking decisive action to protect their customers from the quantum threat.
As awareness in industry is growing, we’re pleased that governments are shining the spotlight on this critical threat to infrastructure and requiring their agencies to implement new quantum-resistant encryption. As government partners and contractors adapt to the new standards, we expect more sectors to follow quickly in their footsteps.
To support this roll-out of post-quantum cryptography for governments, PQShield submitted its hybrid cryptographic library, PQCryptoLib, to be validated for FIPS 140-3, a mandatory standard for the protection of sensitive data within US and Canadian federal systems. This is the first instance of a hybrid library ever submitted to NIST’s Cryptographic Module Validation Program for FIPS 140-3. It will be used by government partners and contractors to do business in a fully-compliant, quantum-secure way.
Following our $20m Series A in January, this news means we are well placed to support governments and industry as the only established provider of post-quantum solutions at all stages of the post-quantum cryptography journey, from standards development to licensing.