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Preparing to shield firms from emerging threats from breakthroughs in quantum computing, SISA, a Bengaluru-based cybersecurity solutions company, has said it was launching services aimed at protecting the digital payments industry specifically against attacks that leverage the new powers of quantum computers.
SISA CEO Dharshan Shanthamurthy said in a statement that his company was trying to take proactive steps to address the imminent dangers posed by quantum computing and safeguard the foundation of financial transactions. He said the digital payments industry was projected to be worth about 24 trillion dollars by 2030, and its continued success depended critically on its ability to facilitate safe transactions in a quantum-enabled world.
“Preparing for the quantum future isn’t about reacting to certainty but about minimizing uncertainty. Taking proactive steps now toward post-quantum readiness ensures organizations avoid costly and disruptive overhauls in the future,” Dharshan said.
Quantum computing can enable calculations that are not currently possible in a realistic timeframe, thus putting at risk most of the existing digital security algorithms, which rely on encryption models that are heavily dependent on complicated calculations. They are secure because traditional computers are unable to carry out these calculations within any reasonable time, but quantum computing can change this.
The statement said SISA’s new service was in line with the objectives of India’s Quantum Mission which seeks to build new capabilities in quantum technologies, among other things.
SISA’s Quantum Security services aim to help organizations prepare for the quantum era by adopting crypto-agile strategy, enabling secure transitions to quantum-resistant cryptographic algorithms while minimizing disruption, the statement said.
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