09.05.2024 13:00:08 - dpa-AFX: GNW-Adhoc: Arqit warns CISOs why they must act now to secure their data ready for the post-quantum world
LONDON, May 09, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ,
ARQQW) (Arqit), a leader in quantum-safe encryption, today urges CISOs and
security teams to urgently address their post-quantum technology strategies, as
quantum computing advances rapidly. The risk of Store Now, Decrypt Later (SNDL)
attacks underscores that the quantum threat is not a distant concern but an
immediate security challenge demanding attention today.
Arqit's distinctive approach addresses the cost and complexity associated with
quantum-safe migration strategies through its ground breaking Symmetric Key
Agreement Platform (SKA Platform(TM)). Mitigating the risks posed by SNDL attacks
is paramount to safeguarding valuable long-term data. Failure to do so could
result in a catastrophic breach of data privacy, threatening the secrecy of
sensitive and classified information.
Further details may be found in the IDC Analysts Brief: "Securing Valuable and
Durable Data in a Post-Quantum World", sponsored by Arqit
Securing Valuable and Durable Data in a Post-Quantum World (arqit.uk)
(https://arqit.uk/resources/securing-valuable-and-durable-data-in-a-post-
quantum-world)
David Williams, Chairman and CEO of Arqit Limited said:
"Our cloud-based solution is designed for today's modern and evolving network
environments. Protecting data transmission across diverse communication links
and device types necessitates security that is easily deployable, scalable and
integrates seamlessly into existing infrastructures without the need for
additional hardware. By using well established cryptographic techniques grounded
in quantum-resistant symmetric encryption methods, Arqit offers organisations a
distinct pathway to transition seamlessly into the post-quantum era."
Notes to Editors
Arqit representatives will be attending RSA (6-9 May 2024) and will be available
for interview. www.rsaconference.com/usa (http://www.rsaconference.com/usa).
For more information about Arqit visit Arqit's (https://www.arqit.uk/) website
IDC Analysts Brief: "Securing Valuable and Durable Data in a Post-Quantum
World", published May 2024, document number IDC #EUR252099724
International Data Corporation (IDC) is the premier global provider of market
intelligence, advisory services, and events for the information technology,
telecommunications and consumer technology markets. IDC helps IT professionals,
business executives, and the investment community to make fact-based decisions
on technology purchases and business strategy. For additional information on
IDC, please visit https://www.idc.com.
About Arqit
Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit) supplies a unique encryption
software 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. Compatible with NSA CSfC
Components and meeting the demands of NSA CSfC Symmetric Key Management
Requirements Annexe 1.2. and RFC 8784, Arqit's Symmetric Key Agreement Platform
uses a lightweight software agent that allows end point devices to create
encryption keys locally in partnership with any number of other devices. The
keys are computationally secure and facilitate Zero Trust Network Access. 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. Arqit is winner of two GSMA Global Mobile Awards,
The Best Mobile Security Solution and The CTO Choice Award for Outstanding
Mobile Technology, at Mobile World Congress 2024, recognised for groundbreaking
innovation at the 2023 Institution of Engineering and Technology Awards and
winner of the National Cyber Awards' Innovation in Cyber Award and the Cyber
Security Awards' Cyber Security Software Company of the Year Award. Arqit is ISO
27001 Standard certified. www.arqit.uk (http://www.arqit.uk)
Media relations enquiries:
Arqit: pr@arqit.uk (mailto:pr@arqit.uk)
Investor relations enquiries:
Arqit: investorrelations@arqit.uk (mailto:investorrelations@arqit.uk)
Gateway: arqit@gateway-grp.com (mailto:arqit@gateway-grp.com)
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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