How to Choose the Right Data Security Solution for Your Business

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Data is the oil that keeps the wheels of our digital economy turning. It’s the fuel that sustains interactions between people and connects organizations to their customers. Data facilitates and informs decision-making and problem-solving. It underpins positive change. It steers the course to increased operational efficiency, productivity, and ultimately, profitability.

But the value data creates is only matched by the degree of risk it introduces. From proprietary intellectual property to confidential customer insights, you need to ensure that your data remains secure and accessible only to authorized parties.

Your business’s profitability – and reputation – depend on it.

What is data security?

Data security is understood as a set of processes and practices designed to protect your most valuable data. Common data security methods include:

  • Access Controls: Measures focused on limiting physical and digital access to critical systems and sensitive data
  • Authentication: The process of identifying and validating users before allowing them to access data using passwords, PINs, security tokens, and biometrics, among others
  • Backups and Recovery: Proactive plans that ensure that any system failure, disaster, data corruption, or breach won’t impact your ability to safeguard and access your data
  • Data Resiliency: Ensuring that systems, hardware, and software can withstand and recover from failures
  • Encryption: Computer algorithms convert text characters into an unreadable format using secret encryption keys; only authorized users with the correct corresponding keys can unlock and access the data

Why is data security important?

Data security is vital for businesses on several levels. First, there are many legal and regulatory rules aimed at ensuring your user and customer data doesn’t fall into the wrong hands.

The consequences of a data breach can be grave. Aside from steep fines you’ll incur, the damage to your company’s reputation and brand trust can be equally – if not more – devastating.

Clearly, data security deserves a place on the boardroom agenda. But with a deluge of data security solutions flooding the market, how do you identify and correctly deploy the correct one for your business?

And the complexity doesn’t end there.

Many security solutions providers tout their wares as impenetrable and designed to thwart the next generation of data security threats. However, very few are genuinely future proof.

Let’s explore why that’s the case and what your options are.

Data security solutions under the spotlight.

Contemporary data security solutions are designed to reduce the risks associated with the storage, handling, and transmission of data. And, as we’ve outlined above, they leverage a range of controls, protocols, applications, and techniques to do so.

But there are notable and concerning chinks in the armour of traditional data security approaches.

It starts with cryptography.

Cryptography is the cornerstone of current methods used to protect the world’s data. 

Today, everything from passwords to digital signatures and top-secret military communications is based on mathematical problems that would take classical computers millions of years to solve. And that’s precisely where most of these traditional data security methods and approaches fall short. They’re not geared to comprehensively respond to the looming threat of quantum computing.

The quantum threat.

Quantum computers can solve problems beyond the capabilities of traditional computers, or which would take them an inordinate amount of time to unravel.

But Quantum computers are also changing the landscape of data security. And not necessarily all for the better. That’s because advances in quantum computing are being used to break today’s encryption methods. This has been a looming threat for quite some time, but it’s starting to come into sharper focus.

Recent reports of people using functionality such as quantum annealers to find weaknesses in common encryption methods have CTOs and governments worldwide on high alert.

And we can be sure there’ll be more threats to come.

Once a sufficiently powerful quantum computer becomes commercially available, traditional cryptographic defenses will collapse very quickly. And standard asymmetric public-key encryption systems like RSA will be rendered incapable of protecting the world’s data from bad actors.

So, businesses everywhere need to prepare for a harsh reality: current cryptographic defenses that secure their data today are destined to be broken.

How to choose the right solution for your business.

The time to start thinking about protecting your data from the quantum threat is NOW.

Without robust and quantum-safe cryptography, threat actors with access to quantum computers will target data that powers all kinds of modern applications.

Businesses must define their “data storage” timeline to figure out which data will only be around for a few years versus which data will retain its value for at least ten to thirty years.

Simply put, they must start thinking about quantum-proof cryptography methods sooner rather than later.

Prepare for today and be ready to scale.

When it comes to getting ahead of the curve by preparing for tomorrow’s quantum threats today, business and government leaders worldwide can choose to be innovators and the most responsible.

Most current approaches to quantum-ready data security fall down outside the laboratory. What’s more, they’re prohibitively expensive, require new dark fiber infrastructure, or are otherwise unfit for real-world applications.

To help protect against the inevitability of quantum computing attacks, Quantropi is pioneering new standards for next-generation data security – forever unbreakable, no matter what. Our enterprise-grade solutions work over unlimited distances on existing network infrastructure, even the wireless Internet. Even as that infrastructure continues to evolve.

Bring it on.

Only Quantropi provides all 3 prerequisites for cryptographic integrity: Trust, Uncertainty, and Entropy (TrUE). Powered by quantum mechanics expressed as linear algebra, our patented TrUE technologies establish Trust between any two parties via quantum-secure asymmetric MASQ encryption; ensure Uncertainty to attackers, rendering data uninterpretable forever, with QEEP symmetric encryption; and provide Entropy as a Service (EaaS) with SEQUR – ultra-random key generation and distribution to enable secure data communications. All Quantropi’s TrUE technologies are accessible via our flagship QiSpace™ platform.

So now, you can have confidence your data is secure today – and always will be.

Interested in finding out more about how Quantropi is rising to the data security challenge and how our solutions can protect your business-critical data?

Why not contact us to speak with one of our specialists?

Quantum-secure any application, product, network, or device with the QiSpace™ platform — without having to sacrifice performance or make major investments in new technology or infrastructure. See for yourself how only QiSpace™ offers TrUE quantum security via all three essential cryptographic functions. Leverage asymmetric encryption algorithms (the “Trust” or “Tr” of “TrUE”) via MASQ™, symmetric encryption (“U” for “Uncertainty”) via QEEP™ and strong random numbers (“E” for “Entropy”) via SEQUR™.  Make it TrUE with QiSpace™ — and protect your business, brand, and customer promise. Now and forever. 

To learn more about our quantum-secure solutions, don’t hesitate to get in touch with our experts!

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Patricio Mariaca

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Eric Chan

Eric Chan a.k.a. EEPMON is a Crypto / Digital Artist with 15 years in the industry – and Quantropi’s Creative Emissary. His hybrid fractal/digital creations have been seen in fashion, comics to museums and has exhibited worldwide. EEPMON’s collaborations include Canada Goose, MARVEL, Snoopy, Microsoft Xbox, Canada Science & Technology Museum and was a TEDx performing artist. In 2018 he represented Canada on its first Creative Industries Trade Mission led by Canada’s Minister of Heritage and serves on the Canadian Museums Association‘s Board of Directors. At the same time, he is currently completing his Master of Information Technology – Digital Media at Carleton University. 

Dafu Lou

Dafu is Quantropi’s Director of engineering. Prior to Quantropi, he served as a technical leader at Irdeto, a world-leading provider of digital platform security software, where he was responsible for white-box cryptography, cloaked CA secure core, and iOS/android application protection services, among others. Prior to Irdeto, Dafu served as a senior software engineer at SecureNex Systems, where he led the implementation of an SSL-VPN solution and ECC-based secure data storage & PKI. He earned his Ph.D. in electrical engineering from the University of Ottawa in 2009. Dafu is also a part-time professor, teaching VLSI, Cryptography and other subjects at uOttawa.

Pauline Arnold

As James Nguyen’s EA, Pauline Arnold brings more than 40 years of experience in complementary customer service and administrative roles. Prior to Quantropi, she served 20 years as Branch Manager and an assistant in investments, and over 20 years at Metropolitan Life Canada in various aspects of the insurance sector – assisting clients, management and colleagues to complete tasks, solve problems, address questions and achieve goals. She also worked part-time for Royal Lepage Performance for 5+ years as a receptionist & admin, and for 5 years was chair of the TKFG’s charity golf tournament.

Bond Vo

Bond Vo is the Business Analyst of Quantropi. Along with Quantropi, Bond has been dynamic in accordance with a fast and evolving startup environment and is responsible in a wide range of areas including market research, funding, and more involved in the controller roles to oversee day to day accounting operation as well as build financing models and budget to achieve company’s ultimate goals/objectives. Bond has applied best practices consistently and successfully supports equity, debt, and non-dilutive funding for Quantropi since joint the team. He earned a Bachelor of Commerce concentrated in Finance from Carleton University. Outside of his professional career, Bond also participated in volunteer for the Vietnamese Immigration Student Association (VISA) to help and support students as well as newcomers in Canada.

Tina Wang

Tina develops websites and participates in a range of different projects, using new frameworks for front-end UI, along with Vuejs, Angula, Beego, Ruby on Rails, and Electron. She developed Quantropi’s desktop CipherSpace application by integrating Electron, Webassembly and Go, to ensure a good user experience, as well as perfect operating system compatibility. She is also part of the dynamic and efficient QKD-NODE project team. Tina is always looking for new ways to increase her knowledge, improve her technological proficiency and enhance her strong execution and implementation skills. Prior to Quantropi, Tina served as a full-stack web developer at Sunny Future, where she maintained a WordPress home site and managed the release of new content for the company.

Nick Kuang

As VP Corporate Services, Nick plans, directs and coordinates a wide range of activities aimed at achieving Quantropi’s vision of the Quantum Internet. He has a keen interest in transformative technologies and the possibilities they offer for bettering our everyday lives. A pharmacist by training, Nick nurtures teams with a focus on integrity and collaborative effort, coupled with strong attention to detail. With prior experience in a successful biotech start-up developing point-of-care test kits, he enjoys the fast pace and challenge of the start-up environment.

Alex He

Alex is a product-oriented project manager who bridges the gaps between the company’s engineering and commercial teams. He has over ten years of experience in the analysis, design and development of enterprise-class applications, with a particular focus on creating optimal user experiences (UX). Ever passionate about cybersecurity solutions that can deliver solid security without unreasonably sacrificing customer convenience, Alex is the lead inventor of a registered patent on user interface security. He is committed to helping ensure that the Agile software engineering team at Quantropi delivers consistently high-quality, high crypto-agility cybersecurity solutions for next-generation communications.

Michael Redding

Before joining Quantropi, Mike was Managing Director and co-founder of Accenture Ventures, where he grew a global portfolio of strategic partnerships and 38 equity investments in emerging technology startups.

During his nearly 30 years with Accenture, he incubated and launched technology innovations for enterprises across multiple geographies and industries. Ever-passionate about bold ideas with game-changing results, he speaks frequently on the impact of emerging technology on large organizations.

With a bachelor’s degree in Electrical Engineering and Computer Science from Princeton, and a Master’s in Biomedical Engineering from Northwestern, Mike is a former member of the Board of Directors for the Accenture Foundation and Board Observer for startups Maana and Splice Machine.

Raj Narula, P.Eng.

A seasoned technology executive, business builder and angel investor, Raj has held operational and advisory roles in Recognia (Trading Central), Belair Networks (Ericsson), March Networks (Infinova), Sandvine (Procera), Neurolanguage (ADEC), Bridgewater Systems (Amdocs), Vayyoo (Cafex), TenXc (CCI), 1Mobility (Qualys) and others. Having divided his time among North America, EMEA and Asia-Pac for over 20 years, Raj speaks several languages. He grew up in Asia, Europe, South America and Canada, and holds a B.Eng degree in Mechanical Engineering from the University of Ottawa. He is also a co-founder and Charter Member of the Ottawa chapter of TiE (the Indus Entrepreneur).

Ken Dobell

Ken leads marketing strategy at Quantropi. In high demand as a consultant with 25 years’ experience in performance media and an award- winning creative background, he has completed successful transformations, (re)branding and product development mandates with KPMG, Keurig, Fidelity, Eddyfi, Coveo, and more, and provides digital advice to the CMA. Previously, Ken pivoted an offline advertising brokerage to a leading-edge, data-driven performance agency as President of DAC Digital, held a progression of international leadership roles with, pioneered a range of multi-channel initiatives as VP Marketing with a global franchisor, and introduced a mobile-first programmatic media offering to Canada within WPP.

Cory Michalyshyn

Cory brings a breadth of experience to the Quantropi team, working fractionally with multiple SaaS technology companies as CFO, and as the CFO with Celtic House Venture Partners. Prior to these roles, Cory was CFO and COO at Solink, and played a lead role in the metrics-led pivot to a direct-sales SaaS model, followed by multiple VC-backed funding rounds and their recognition as one of the fastest growing start-ups in Canada. He qualified as a CPA while serving technology, VC & PE-fund clients at Deloitte, and earned his Bachelor of Commerce at Queen’s University.

Dr. Randy Kuang

Randy holds a doctorate in quantum physics. His research findings have been published in top international journals and named “Kuang’s semi-classical formalism” by NASA in 2012. With a career spanning IT, including with Nortel as senior network researcher & developer, he co-founded inBay Technologies in 2009, serving as CTO of the cybersecurity platform. As the first recipient of a patent for two-level authentication (2011), Randy is a prolific inventor, with 30+ U.S. patents in broad technology fields, such as WiMAX, optical networks, multi-factor identity authentication, transaction authorization, as well as concepts, technologies and industrial applications for quantum key distribution.

James Nguyen

Prior to leading Quantropi, James was Chief Investment Officer & VP Asia Operations for a group of private and public real estate, mining, energy storage, graphene technologies and manufacturing interests, where, in his responsibilities for strategy, banking and global expansions, he secured large-scale investments and partnerships for commercializing graphene applications across multiple industries. A graduate of Carleton in Economics, he previously achieved success managing a mid-market portfolio (professional services, public sector, Asian markets) at RBC for over a decade. James has been on the HKCBA board, held advisory positions with technology start-ups and gives back as volunteer, fundraiser and mentor.