ARQQW - Arqit announces reseller agreement with Phalanx | Benzinga
LONDON, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW)) (Arqit), a leader in quantum-safe encryption, today announced a reseller agreement with Phalanx Solutions (Phalanx), a trusted provider of security, compliance and technology solutions, for Arqit's Symmetric Key Agreement Platform and NetworkSecure™ Adaptor.
Enterprises face growing threats from cyber adversaries and need to take urgent action to strengthen their encryption in the ever-connected world of devices. Easily integrated at modest cost with dynamic rotating authentication, Arqit's Platform as a Service makes symmetric encryption keys which cannot be broken even by quantum attack. Arqit's standards-compliant technology is now available to Phalanx's clients as a deployable solution.
Phalanx Solutions is a leading provider of comprehensive services, including a full continuum of cybersecurity, compliance, and information technology solutions, focusing on empowering businesses through technology. Their solutions are based on integrating various elements to strengthen their client's security posture and provide them with the tools they require to deter adversaries in this modern era.
David Williams, Arqit Founder, Chairman and CEO said:
"Enterprises need confidence they can secure their data against both current and future cyber threats. Compliant with NSA standards and secure against quantum attack, Arqit's unique encryption technology delivers enhanced protection allowing enterprises to take simple steps now to harden their networks. We are delighted to partner with Phalanx to offer our technology to their clients."
Daniel Horton, Phalanx Solutions, President said:
"We are thrilled to offer Arqit's groundbreaking technology to our clients, which delivers end-to-end quantum-safe encryption for data and communications that is unparalleled to anything else on the market. As a trusted partner, we are committed to protecting our clients and offering the best solutions available. The Arqit solution is significant to all our federal and commercial clients and will be a game-changer to their security posture."
Notes to Editors
The US Government acknowledges the quantum threat:
- The White House: "When it becomes available, a CRQC [cryptanalytically relevant quantum computer] could jeopardize civilian and military communications, undermine supervisory and control systems for critical infrastructure, and defeat security protocols for most Internet-based financial transactions" (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).
"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 ...