CIO Bulletin

Qrypt – Transforming the Way the World Safeguards Data and Communications

Cyber-attacks against your business networks become more sophisticated every year and are no longer limited to Fortune 1000 companies. No organization is safe from the threat of a security breach and increasingly the targets for attacks are small businesses that are the most vulnerable. More and more now the larger enterprises are sticking up on behalf of the smaller businesses as they see it as critical to their mission. Encryption helps block hackers from using proprietary data and information even if they are able to take advantage of vulnerability on your website. Encryption protects your organization’s valuable information from hackers and rogue employees. Encryption also helps you meet industry regulations. If your organization handles data that might include customer financials and account information, cardholder data and transactions and non-public personal information, it’s highly likely that data generated and/or used by your organization has strict regulations and compliance guidelines. Encryption allows a business to scramble data into an unreadable format, i.e., “cipher text.” It protects the confidentiality of information stored on a company’s computer systems or transferred between its employees and customers across the internet.

Current encryption methods rely on vulnerable and archaic technologies, which will be rendered obsolete by the rise of quantum computers and associated scientific advances. This is when Qrypt comes in. Qrypt’s encryption solution can secure an enterprise today and eliminate future risk; it is the only algorithm mathematically proven to be unbreakable, even in theory. The company protects data from the threat of quantum computers and those machines and mathematics yet to be invented. The Qrypt team is composed of proven cryptography and security experts from academia, industry, and government. Their mission is to help you take back your privacy forever. Qrypt’s quantum-secure encryption gives people the tools they need to immutably secure their data and their right to privacy. Through great partnerships and an unmatched team pedigree, they have built patented encryption methods and applications that allow everyone to reclaim their right to digital autonomy.

"Via strategic investments in cutting-edge quantum hardware companies and exclusive partnerships with premier global research institutes and U.S. national labs, we have built the only cryptographic solution capable of securing data indefinitely."

Revolutionizing Security Systems With Quantum-Based Encryption

Entropy-Based Quantum Measurements: The universe is quantum and entropy is everywhere, but it’s difficult to use quantum measurements to properly generate random numbers. Encryption can only be safe if it's based on well-engineered quantum sources, and the extraction techniques must be peer-reviewed and in scientific journals, not company brochures. Qrypt leverages multiple quantum random number generators (QRNG) that measure quantum effects and convert them to unpredictable random numbers. Entropy is available on-demand via an easy to use REST API, ensuring absolute privacy anywhere the internet reaches. Random binary digits are extracted from unpredictable quantum measurements, unlike pseudo-random generators which are deterministic. Sources in production and the roadmap are based on multiple quantum measurement types with technology from respected research institutions. There are two types of encryption algorithms: symmetric and asymmetric. With a symmetric algorithm, both encryption and decryption keys are the same, so the same key must be used to enable secure communication. Symmetric algorithm encryptions are commonly used for bulk data encryption and are fast and easily implemented by hardware. The downside is that anyone with that decryption key can decrypt your data even if it is not intended for them. Its uses include;

A company can scramble data to restrict access to data on computers, hard drives, smartphones, tablets, and other devices.
An encrypted device that has been lost or stolen faces minimal risk of data misuse by anyone lacking the decryption key.
Employees can also make text unreadable when sharing emails or other messages with one another or customers.
This ensures only authorized recipients can read them, enabling employees to share information with colleagues and customers securely.

Key Generation: Future quantum computers will be able to decrypt the asymmetric algorithms that the internet relies on for key exchange. Bad actors know this and have already begun to intercept and harvest encrypted data, and are storing it for the future when they will be able to decrypt it. The solution is simple – don’t ever distribute encryption keys, so that they can’t be harvested. Qrypt has enabled a novel approach to key generation. Rather than generating a key and then distributing it, you can generate the same identical key in multiple locations. This means that you don’t need to distribute your keys at all - they’re never at risk. Developers can easily download and include the Qrypt SDK in their application, and be quantum-safe. In asymmetric algorithm encryption, two separate but mathematically linked encryption keys are used. A public key is used to encrypt the data and can be distributed while the private key is used to decrypt the data and, therefore, is kept private. Through the use of a private key, asymmetric encryption eliminates the preliminary exchange of secret keys, allows for public keys to be shared with anyone, and provides an underlying architecture for digital certificates, digital signatures, and a Public Key Infrastructure (PKI). The disadvantages are that it is slower than symmetric algorithm encryption and that it requires greater computation power.

Qrypt SDK: A data encryption strategy provides an excellent starting point for companies that want to secure their information. It requires a business to consider the information it manages and stores and who needs access. The company can then decide on a standard to safeguard its data, develop and execute its strategy, and monitor its results. Encrypting data is an ongoing endeavor since cybercriminals are constantly searching for ways to steal information from businesses. Here are six tips to help you continuously enhance your data encryption strategy. True quantum random is the secure foundation of all of their technology. Combined with advanced techniques and algorithms, applications built with the Qrypt SDK can become quantum-secure. For stored data, they combine Entropy and Key Generation services, based on the intelligence-grade BLAST algorithm, for organizations to secure important files and valuable information. Kinetic data demands additional layers of privacy protection: they combine their Entropy and Key Generation services with a Double Ratchet protocol to enable invulnerable data transmission. Qrypt technology is anti-obsolescent, meaning you can replace your existing modern security framework and stay future-proofed for quantum computing without any upgrades or changes.

Kevin Chalker | Founder and CEO

As Founder & CEO of Qrypt, Kevin coordinates the company’s global business development efforts, builds strategic partnerships, and maintains client relationships. Additionally, Kevin serves as the Chairman of the Board of Directors of Barcelona-based Quside, a quantum technologies manufacturer for connected devices.