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). 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
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.
For more information about Arqit visit Arqit'swebsite
IDC Analysts Brief: "Securing Valuable and Durable Data in a Post-Quantum World", published May 2024, document number IDC EUR252099724
International Data Corporation.
About Arqit
Arqit Quantum Inc.
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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.
