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PwC signs a co-operation agreement with 01 Communique to implement Quantum-Safe IronCAP Cryptography Technology

Hong Kong, 18 November 2020 - PwC today announced it has entered into a joint business relationship with 01 Communique Laboratory Inc. to bring post-quantum cryptography technology and its related services to enterprise customers.

Our collaboration comes at a time when cyber security is on every organisations’ top agenda and those who look beyond today’s challenges are proactively preparing for the looming threat brought by the advent of quantum computers. The “new norm” means that it is mission critical to protect the whole eco-system from cyber-attacks not just for today, but more importantly to prepare for tomorrow’s even more powerful quantum attacks. 01 Communique’s cryptographic technology, IronCAP, operates on classical computer systems to protect the platforms today and in the world of quantum computers.

In July 2020, PwC’s latest SMB survey responded by over 1,000 IT decision makers across Asia Pacific, and only 27% of small and medium-sized businesses (SMB) have a dedicated cybersecurity team whereas 57% of them experienced an online attack in the last 24 months. Viruses and malware (51%), web-based attacks (38%) and phishing attacks (32%) were identified as the top-three cyberattacks on SMBs. PwC along with IronCAP, the best in class quantum-safe encryption combined with an end-to-end solution, offer a brand-new option for executives to better prepare for the future.

William Gee, Partner, Digitalisation Office, PwC China stated, “We are in the early days of a totally new technology, quantum computing, one that truly disrupts many of the principles that we know today.  PwC is proud to enter this joint business relationship.  We are positioning for the coming of a new age of computing, one that brings new possibilities and have far greater transformational and disruptive powers that we have seen with today’s classical computers.”

Samuel Sinn, Cybersecurity and Privacy Partner of PwC China added,” The technology development in computing is striving for speed. We are now experiencing the arrival of quantum computer - the 5th generation of computer (from vacuum tubes, transistors, integrated circuits, microprocessors to quantum computers), which has the fastest computing speed that we’ve ever seen. This will disrupt the classical encryption. In the past, it would take years to break an encryption, a time-consuming process even for modern classical computers. However, new types of computers are currently being developed that leverage the computational power of quantum physics. Quantum computers can reduce the time for password generation and data decryption to several hours or even minutes.  This will render the classical encryption, which we are still using today, to be obsolete.”

Andrew Cheung, CEO of 01 Communique, stated,” We are very excited to partner with PwC to protect the cyberspace with our IronCAP quantum-safe cryptographic technology against cyber-attacks from classical computers and the future world of quantum computing. The time cannot be better to implement our IronCAP platform as there is great world-wide concern about the protection of personal and company data that can be collected, shared, and maliciously hacked.” IronCAP is ready to provide a bulletproof shield for customer data.

 

Note to editor:

About IronCAP and IronCAP X:

IronCAP is a patent-pending cryptographic system that protects users and enterprises against cyber security attacks today as well as in the future with the introduction of powerful quantum computers. Based on improved Goppa code-based encryption, it is faster and more secure than current standards. It is ready for installation now to protect your platform today with the huge benefit of added security against attacks from the world of quantum computers. Our flagship product, IronCAP API, allows vendors to easily apply IronCAP technology to a wide variety of vertical applications making them quantum-safe.

Recently launched, IronCAP X, is the world’s first quantum-safe cybersecurity product for email/file encryption. IronCAP X adopts the best in class end-to-end encryption approach by delivering each encrypted message directly to recipients ensuring only the intended persons can decrypt and read the message. This approach by-passes the centralised email server which has become an easy target for cyber-attacks. Furthermore, our digital signature feature ensures the recipient and the sender are verified thus eliminating the chance of a phishing scam. Those adopting IronCAP X will enjoy the best of both worlds: end-to-end email encryption delivery straight into your inboxes with quantum-safe protection.

About 01 Communique

Established in 1992, 01 Communique (TSX-V: ONE; OTCQB: OONEF) has always been at the forefront of technology. The Company’s cyber security business unit focuses on post-quantum cybersecurity with the development of its IronCAP technology. IronCAP’s patent-pending cryptographic system is an advanced Goppa code-based post-quantum cryptographic technology that can be implemented on classical computer systems as we know them today while at the same time can also safeguard against attacks in the future post-quantum world of computing.

Contact us

Shaun Soh

Manager, PwC Hong Kong

Tel: +[852] 2289 8470

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