After years of vigorous development, the National Institute for Standards and Technology (NIST) published four official Post-Quantum Cryptography (PQC) algorithms in August 2024. These algorithms are rapidly transforming the cybersecurity industry as organizations must address the unprecedented prospective threat posed by cryptographically relevant quantum computers. ABI Research has previously covered how the Hardware Security Module (HSM) market is leveraging PQC algorithms, but another important market worth examining is Public Key Infrastructure (PKI).
The year 2024 provided numerous technology trends shaping the future of nearly every industry. ABI Research analysts have been covering these developments for some time, and now it’s time to reflect upon our studies in our annual trends whitepaper. Before we dive into the list, here’s a statement from Stuart Carlaw, Chief Research Officer:
As we inch closer to the post-quantum era, the need for robust cybersecurity measures has never been more critical. It won’t be long before cybercriminals have access to quantum computers, enabling them to launch far more sophisticated and devastating attacks than what legacy systems can do. ABI Research’s Quantum-Safe Technologies Research Service serves an essential role in keeping sensitive data resistant to quantum-based cyberattacks. It provides essential insights and guidance to cybersecurity solution providers and key stakeholders, including telecommunications companies, Network Equipment Providers (NEPs), semiconductor manufacturers, Original Equipment Manufacturers (OEMs), and government entities.
Working in a competitive industry demands that you become a data-driven organization. As a technology solution provider, effectively leveraging data can unlock significant advantages, such as driving market expansion and fostering innovation. Unfortunately, all too many companies lack an analytical approach to decision-making.
Embedded cellular connectivity by nature is not static, in terms of both its ability to serve moving objects, and the fact it provides a secure cellular channel that can enable dynamic future-looking capabilities. It is abundantly clear that cellular-enabled IoT connections will grow exponentially over the next 5 years, forecast to increase from 1.5 billion in 2023 to 6.5 billion by 2030. There is a clear demand for cellular as enterprises look to unlock digital transformation strategies. Enterprises are looking toward cellular as a connectivity technology that is reliable, wide reaching, global in nature, and future proof, as well as being a technology that can address the pain points of today and one that can grow and evolve to address the pain points of tomorrow. Embedded connectivity will unlock this growth opportunity thanks to purpose-built specifications designed to provide out-of-the-box connectivity, alongside new levels of implementation and ongoing management flexibility.
By now, most people should understand the risks of being complacent with cyber protection. Cybersecurity Ventures reports that cybercrime will cost victims US$9.5 trillion worldwide in 2024.. As enterprises continue to invest in digitization, cyber threat actors see additional devices and systems as new opportunities to enter a network. Cyber threat actors use various tactics to carry out cyberattacks, particularly social engineering attacks, phishing attacks, ransomware, distributed denial of service (DDOS) attacks, malware, etc. A successful attack not only costs a company money, but it can damage brand reputation and result in trade secrets or Intellectual Property (IP) being compromised.
Placing data in a third-party cloud can bring with it all kinds of new security issues. But just as importantly, there are aspects of regulatory compliance that enterprises need to address as well, and these can be highly challenging depending on the nature of the data and the location of the cloud infrastructure.
With an increasing amount of corporate data residing in the cloud, enterprises must wrestle with new security challenges daily. These are not always easy to navigate and are dependent on any number of variables, reflective of context that can be either directly related to enterprises (e.g., line of business, supply chain) or totally out of their control (e.g., socio-political events). The priority for enterprises is the security of their data in cloud environments that are hosted and run by third parties. Regarding this, two contingencies come into play.
Post-Quantum Cryptography (PQC) solutions are a must-have cybersecurity tool for organizations to safeguard against attacks from large-scale quantum computers.