Westpac Group ups stake in quantum security company
Westpac Group is increasing its stake in QuintessenceLabs to enable the homegrown quantum cyber security company to further expand its global reach.
Westpac Group is increasing its stake in QuintessenceLabs to enable the homegrown quantum cyber security company to further expand its global reach.
Industry, innovation and science minister Greg Hunt says that the government’s support for quantum computing research will not only maintain Australia’s competitive edge in the “global race to build a quantum computer”, but also help grow a local “quantum ecosystem” and industry.
Less than a minute into my phone call with QuintessenceLabs’ CTO John Leiseboer, he goes silent. There’s a click, a bleep, and he’s back on the line.
An important weakness has been discovered in the technology of quantum key distribution (QKD), which is increasingly being used by military and government to secure sensitive communications.
Commonwealth departments to trial Quantum Key Distribution.
The hugely promising security technology of Quantum Key Distribution (QKD) has moved an important step closer to commercialization with the announcement by UK-based researchers that they can now shift encryption keys around at speeds of 1Mbps.