A security company is now offering “unbreakable encryption” to counter the rise of ransomware attacks. According to reports, it will be available on clouds and APIs.
Similar to how the revolution was not publicized, the possible end of encryption would not be publicly announced. An up-and-coming cryptography company is known as Qrypt recently launched their service that could completely transform companies’ IT systems.
The security company provides an “unbreakable encryption” that will save companies millions of dollars whenever a hacking group tries to attack them.
Security Company: Qrypt
According to the Tech Republic, Qrypt announced on June 10 that they would start giving access to their Quantum cryptography API. The company announced that its API system would finally allow businesses to integrate the best form of security in their applications and software.
The security company utilizes quantum technology, making one-time pad encryption easier to use and implement by having a random, digital one-time-use key by quantum entropy.
Qrypt’s Cloud Entropy Portal offers quantum-safe digital numbers for all applications, especially the cryptographic key generation. The security company is also developing additional quantum data-in-motion and data-at-rest SDKs to go with the portal.
The company was founded by Kevin Chalker, a former CIA agent.
Together with Qrypt’s chief technology officer and a former CIA agent, Denis Mandich, they worked with Yevgeniy Dodis, the cryptography group and chief cryptographer at the New York University. They developed the unbreakable encryption because Mandich and Chalker were dedicated to replicate the CIA’s secure communication channels.
The Tech Republic reported that Chalker stated that looking into the future, their quantum technology will make other communication platforms obsolete.
Chalker added that the security company focuses its attention on education and awareness regarding the new “Q2K” moment as quantum computing starts to break the current standards on encryption.
He said that one day, everyone in the world might wake up and suddenly lose access to their email and ATM cards, and Qrypt’s unbreakable encryption is a way to prevent this from happening.
The security company’s end-game is to “take back your privacy forever” by making their service of unbreakable encryption widely available for everyone — not just in the U.S.
One-time pad encryption is a secure technique to protect data, but it does not scale quickly.
The Future of Qrypt’s ‘Unbreakable Encryption’
Qrypt’s unbreakable encryption has the following requirements:
- The key provided is at least as long as the data or message to be encrypted
- The key is genuinely random without correlation to the data
- Each key is never used more than once
- After each use, both the sender and receiver have to destroy their key
Although governments are already utilizing a one-time pad encryption method, Chalker mentioned that the pad still has to be delivered in person. And that’s why their new plan at Qrypt will use a cloud option.
This particular security company put together its BLAST algorithm, and paired it with quantum Entropy-as-a-Service as a way to make what they call “Qrypt everlasting security.”
What makes their service even better is that it is cloud-based and low-cost. Their BLAST technology continuously generates quantum secure keys all across the Internet.
Qrypt won’t be tracking what their customers are encrypting and how their consumers utilize their cryptographic utility. Mandich said that their system offers a one-time encryption period. Despite many changes in encryption standards in the future, users won’t have to re-encrypt their data.
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Written by Fran Sanders
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