Issued on behalf of Scope Technologies Corp.
VANCOUVER – USA News Group News Commentary – Now that the dust has settled after NVIDIA’s CEO Jensen Huang’s comments about the timeline for quantum computing becoming a reality, experts are restating the potential threats the technology presents for cryptography. The U.S. Government Accountability Office (GAO) recently put out a statement regarding the government’s readiness for quantum-computing cyberattacks. In telecom, the Global Risk Institute projected back in late 2023 that RSA-2048 (a widely used encryption standard) has an 11% chance of becoming ineffective within just 5 years, which rises to 31% by 2033. However, now in 2025, the question is no longer if quantum computing will impact telecom security, but when. Working behind the scenes are both quantum-proof security developers, as well as developers of quantum computing technology itself, with some of the key players being Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), International Business Machines Corporation (NYSE: IBM), Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF), Nokia Oyj (NYSE: NOK), and Quantum Computing, Inc. (NASDAQ: QUBT).
The article continued: Analysts at McKinsey estimate quantum’s influence could climb as high as $2 trillion by 2035. Meanwhile, the Quantum Insider predicts the quantum computing field could generate $1 trillion in economic impact within the next decade.
Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), a pioneering technology company specializing in quantum security and machine learning (ML), today announced the appointment of Ted Carefoot as Vice President of Product. Carefoot, an accomplished technology leader with a track record of driving innovation at firms such as Electronic Arts Inc. (NASDAQ: EA), Disney Online Studios Canada—a division of The Walt Disney Company (NYSE: DIS)—and other major technology firms, will drive the continued evolution of QSE, Scope’s flagship quantum-proof security platform.
By adding Carefoot and his expertise to the team, Scope is signaling its seriousness towards expanding its presence in the market, as its QSE is a viable option for future-proofing a business’s security.
“Quantum computing doesn’t need to be mainstream to become a threat,” said Sean Prescott, Founder of Scope Technologies, in a previous press release stressing the importance of acting fast when it comes to future-proofing cybersecurity. “It only takes one advanced quantum computer in the wrong hands to render traditional encryption obsolete. That’s why businesses must act now to secure their data, rather than wait for quantum technology to achieve mass adoption. Furthermore, some specialized quantum computing systems currently in the market can already be adapted to decrypt non-quantum-resilient encryption.”
Recently, Scope announced that its Quantum Security Entropy (QSE) platform is fully aligned with the U.S. Department of Health and Human Services’ (HHS) proposed updates to the HIPAA Security Rule. These updates aim to address the rising threats to healthcare data security. The company quickly followed that up by showing the market’s confidence in its progress, through completing a $1.8 million private placement, and receiving a $1 million debt financing from its first enterprise level client, First Majestic Silver, totalling $2.8 million in new funds to work with starting immediately.
With over 20 years of experience in leading high-performance product teams and initiatives, Ted Carefoot brings to Scope expertise in AI-driven cloud, digital security, risk management, and software product development. He most recently served as Development Director at EA, driving designated IP assets and online content end-to-end production through release. Prior to that, he held leadership roles including managing cybersecurity initiatives at Disney Online Studios Canada, and AI cloud projects at Finger Food Studios.
Carefoot’s extensive experience in software development, risk management, AI, and security compliance, reinforced by his certifications in Governance, Risk & Compliance (GRC), Cybersecurity, and Agile Product Management, positions him to play a critical role in expanding Scope’s market leadership in quantum security solutions.
“As Scope Technologies continues its aggressive growth trajectory, our commitment to product excellence and innovation is paramount,” said James Young, CEO of Scope Technologies Corp. “Ted’s experience in building and scaling complex digital security and AI-driven products at leading technology companies is exactly what we need as we expand QSE’s adoption in both enterprise and retail markets. His expertise will accelerate our product roadmap, ensuring QSE remains at the forefront of post-quantum security.”
Carefoot’s appointment underscores Scope Technologies’ commitment to product advancement, market expansion, and revenue growth. With quantum computing advancements posing increasing threats to conventional encryption, QSE’s suite of quantum-resilient security solutions has gained traction across multiple industries. Carefoot will oversee the scaling of QSE’s product capabilities, optimizing its architecture for enterprise, cloud, and decentralized security solutions.
“I’m thrilled to join Scope Technologies at such a pivotal time,” said Ted Carefoot, VP of Product of Scope. “Quantum threats are real, and businesses need solutions now to future-proof their security. The opportunity to lead QSE’s product evolution and drive meaningful market adoption aligns perfectly with my experience in AI-driven security and large-scale product development.”
Scope Technologies continues to aggressively expand its team and product offerings, reinforcing its position as a leader in next-generation quantum-proof security. With QSE already in the market and gaining momentum, the company remains focused on delivering real-world solutions to secure critical data today and into the future.
CONTINUED… Read this and more news for Scope AI at: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/
In other industry developments and happenings in the market include:
International Business Machines Corporation (NYSE: IBM), recently announced a collaboration with Telefónica Tech, the digital business unit of the Spanish telecom group Telefónica, to develop and deliver security solutions that address security challenges posed by future cryptographically relevant quantum computers. IBM has introduced enterprise-grade quantum-safe software and research-backed tools designed to provide a comprehensive defense against emerging quantum security threats. IBM Guardium Quantum Safe, a key component of the IBM Guardium Data Security Center, enables organizations to identify cryptographic vulnerabilities, prioritize remediation efforts, and strengthen their overall security framework. The solution also features IBM Guardium Key Lifecycle Manager, offering centralized, secure, and scalable encryption key management to help enterprises transition to quantum-resistant security protocols.
“It is critical for organizations to begin evaluating their cryptography and planning a transition to quantum-safe standards,” said Adolfo Hernández Pulido, Technology Managing Director for Telefónica at IBM. “At IBM, we are proud not only to have had a hand in the development of new post-quantum cryptography algorithms, but also to be leading the way with new quantum-safe technologies and services. We are thrilled to sign this collaboration agreement with Telefónica Tech focused on quantum safe technology.”
Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF), recently unveiled a cutting-edge quantum-based hardware wallet that enhances blockchain and cryptocurrency security, reducing monetary loss risks by up to 98% compared to traditional HD wallets. Leveraging its proprietary Quantum Random Number Generation (QRNG) technology, the wallet ensures secure key generation while minimizing costs and complexity. An advanced resetting mechanism further strengthens protection against brute-force attacks by regenerating master private keys with fresh quantum random numbers. Successfully tested for Ethereum transactions, this hybrid Quantum-as-a-Service (QaaS) wallet integrates deep learning to optimize key management, delivering unparalleled security without additional memory demands.
“Our QaaS wallet represents a significant leap forward in blockchain security and usability,” said Francis Bellido, CEO of Quantum eMotion. “By combining quantum technology with intelligent system design, we are setting new standards for protecting digital assets.”
Finnish telecom giant Nokia Oyj (NYSE: NOK), recently demonstrated with Turkcell quantum-safe IPsec cryptography for mobile subscribers as a first deployment of its kind to safeguard mobile networks against quantum-era threats. The collaboration involved the integration of quantum-safe cryptography into Turkcell’s transport network using Nokia’s IPsec Security Gateway to ensure secure communication by encrypting data packets at the network layer. By implementing advanced cryptography techniques now, both Nokia and Turkcell are ensuring their networks are secure today while also preparing for future advancements in technology.
“Through our collaboration with Turkcell we’ve shown how our quantum-safe IPsec technology can protect mobile networks against the evolving security threat landscape,” said Rafael De Fermin, Senior Vice President of Network Infrastructure Europe for Nokia. “This initiative is part of our ongoing commitment to safeguard the privacy and integrity of mobile technology. Our solutions provide a proactive defense-in-depth crypto-resilient approach against future network security challenges, ensuring that Turkcell’s network remains secure for years to come.”
Quantum Computing, Inc. (NASDAQ: QUBT), an innovative, integrated photonics and quantum optics technology company, recently announced it has received a fifth purchase order for its thin film lithium niobate (TFLN) photonic chip foundry. The latest order comes from a research group based in Canada to support its research efforts on quantum photonics. As part of the order, QCi will provide the research group with custom test structures based on its TFLN photonic integrated circuit (PIC) chip technology.
“Through this collaboration, we are excited to advance this research team’s pioneering work by providing the use of QCi’s TFLN foundry services,” stated Dr. William McGann, CEO of QCi. “This partnership reinforces the increasing demand for TFLN’s energy efficiency and scalability, demonstrating QCi’s near-term opportunity to address real-world challenges and highlighting TFLN’s transformative potential in the fields of next-generation photonics and quantum technologies.”
Article Source: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/
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