Quantum eMotion -Quantum Random Number Generator Solutions(Developer)

Originally posted by Popeye82: ↑

http://www.quantumemotion.com/press-release/quantum-emotion-joins-the-hudson-institute-in-washington-dc-at-the-presentation-of-its-new-report-on-the-quantum-threat-to-the-u-s-financial-system

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Quantum eMotion Joins the Hudson Institute in Washington, DC at the Presentation of its New Report on the Quantum Threat to the U.S. Financial System‍
Montreal, Quebec--(Newsfile Corp. - May 19, 2023) - Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) ("QeM" or the "Company") today announces its participation at the launch by the Hudson Institute's Quantum Alliance Initiative (QAI) of its new report on the Quantum threat to the U.S. Financial system.
The report highlights the potentially devastating consequences of a future quantum computer attack on the US financial system. It emphasizes the need for the Federal Reserve to take the quantum threat seriously, like the steps taken by the White House and federal government in their Zero-Trust Cybersecurity strategy.
The report indicates that a cascading quantum attack on major banks, the Federal Reserve, or stock exchanges could have calamitous effects on the US and global economy, possibly worse than the Great Depression. Quantum computers have the potential to decrypt public-key encryption, which is widely used in banking and other critical systems.
The report warns that the threat is undetectable and could persist for days or weeks, causing bank runs and significant financial failures. The estimated cost of a single quantum attack on a major US financial institution targeting the Fedwire Funds Service payment system ranges from $730 billion to $1.95 trillion. The overall impact of a quantum hack and its cascading effects could result in a decline in annual real GDP by 10% to 17%, leading to a six-month recession and indirect losses of $2 to $3.3 trillion. To address this threat, the report recommends adopting post-quantum cryptography standards, convening a Quantum Security Summit involving major banks, setting a deadline for all Federal Reserve banks to be quantum secure, and establishing a quantum security task force at the Fed. It emphasizes the urgency of taking action today to mitigate the risk posed by future quantum computers to the financial sector.
The report "Prosperity at Risk: The Quantum Computer Threat to the U.S. Financial System" can be downloaded at the following link:https://www.hudson.org/technology/prosperity-risk-quantum-computer-threat-us-financial-system
As a prominent U.S. think tank that has been influential in shaping public discourse and policy debates, the Hudson Institute has identified quantum computing and quantum cybersecurity as critical and strategic technologies with inevitable impact on national security and on the economy. Consistently, the creation of QAI helped to foster more urgency among the cybersecurity industry to establish necessary global standards for securing quantum communication.
Francis Bellido, CEO of Quantum eMotion, commented, "We are honored to have joined the Quantum Alliance and actively participating in its initiatives. In a few years QAI has developed itself in an international consortium of companies, government institutions, and universities with the mission to raise awareness and develop policies for the benefit of the Western world quantum ecosystem."
He added: "We believe our quantum-secure Sentry-Q communication platform and our Quantum-protected Blockchain wallet can play a significant role in controlling the threats facing traditional Financial Systems and new blockchain-based approaches used by Decentralized Finance (DeFi)."
About QeM
The Company's mission is to address the growing demand for affordable hardware security for connected devices. The patented solution for a Quantum Random Number Generator exploits the built-in unpredictability of quantum mechanics and promises to provide enhanced security for protecting high value assets and critical systems.
The Company intends to target the highly valued Healthcare Services industry while ensuring its technology is also relevant and applicable to others, such as Financial Services, Cloud-Based IT Security Infrastructure, Classified Government Networks and Communication Systems, Secure Device Keying (IOT, Automotive, Consumer Electronics) and Quantum Cryptography.
For further information, please contact:
Francis Bellido, Chief Executive Officer
Email:[email protected]
Website:www.quantumemotion.com
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58pc of 700 companies fail to protect virtual data: ASIC cybersecurity report

http://themarketherald.com.au/58pc-of-700-companies-fail-to-protect-virtual-data-asic-cybersecurity-report-2023-11-13/

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More than half of respondents to an ASIC cybersecurity survey have been flagged for lacking adequate information protections.
Fifty-eight per cent of respondents were considered to “have limited or no capability to protect confidential information adequately”.
A total of 697 companies took part in the cyber pulse survey for 2023.
The survey found that most Australian companies are reactive, and not proactive when it comes to cybersecurity management.
Third-party risk
Further, 44 per cent in the survey didn’t manage third-party cybersecurity risks, where access from outside workers was concerned.
“It was alarming that 44 per cent of participants are not managing third-party or supply chain risks,” ASIC Chair Joe Longo said.
Smaller companies were generally behind larger companies with more time and money to implement stronger cyber controls.
“It’s not enough to have plans in place. [Systems] must be tested regularly – alongside ongoing reassessment of cyber security risks,” Mr Longo added.
DP World incident
Coincidentally, ASIC’s report has hit the public only 72 hours after Australian port operators were hit with a cyberattack.
On Friday, DP World Australia was targeted by an unclear type of cybersecurity intrusion.
In turn, four major ports across Australia had to shut down operations where DP World was involved.
The company handles some 40 per cent of all container traffic in and out of Australia.
But the risk to shareholders from cyber criminals is very real.
Numerous ASXers at risk
In recent history, healthcare coverage provider Medibank (ASX:MPL) was hit by an attack that led to the release of confidential customer information.
Shareholders punished the company with Medibank’s share price falling for months in response.
The price plummeted in October of 2022 and didn’t make back those gains until April of 2023.
While its recovery could be considered relatively fast-paced, the chart makes clear just how badly a cyberattack can impact valuation.
A steep drop in Medibank’s price charts is evident at the October 2022 mark. Source: The Market Herald
Listed law group IPH Limited (ASX:IPH) also called a trading halt in early 2023 following a cyber-attack on third parties.
That same month, the University of Wollongong Professor Alex Frino released his findings that only a fraction of ASX companies hit by cyberattacks ever reported the breaches.
“25 of the cyber attacks were only reported in the press, while only 11 were made public via ASX announcements,” Mr Frino wrote in a report cited by iTnews.
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