Connect with us

Hi, what are you looking for?

Wednesday, Jun 12, 2024
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

AI and Autonomy

BTQ Technologies teams with University of Waterloo institute to improve information security

The CPI is a hub for cybersecurity and privacy research in Canada

BTQ Technologies teams with University of Waterloo institute to improve information security
Image from REUTERS/Kacper Pempel

High tech security firm, BTQ Technologies Inc. (CBOE CA: BTQ) (FSE:NG3) (OTCQX:BTQQF) is working with the Cybersecurity and Privacy Institute (CPI) at the University of Waterloo to help push improvements to information security and human privacy.

Announced earlier this month, the sponorship is intended to find an important path through interdisciplinary security areas in tech, including quantum computing, data science, cryptography and artificial intelligence (AI).

Companies such as MasterCard (NYSE: MA), Blackberry (TSX: BB), RBC (TSX: RY) (NYSE: RY), and Amazon-owned (NASDAQ: AMZN) Amazon Web Services have joined the coalition to support CPI.

CPI’s mandate involves nurturing and enhancing Canada’s leadership position in cybersecurity and privacy research by partnering with industry sponsors on real-world challenges and fostering world-leading interdisciplinary talent. BTQ will benefit from this applied focus on complex real-world challenges by getting first pick of the best people and technologies produced.

The CPI is a hub for cybersecurity and privacy research in Canada. It regularly collaborates with industry and academia to address challenges and nurture innovation. CPI uses these partnerships, research and development to focus on creating robust solutions to combat evolving threats from classical and quantum computing environments.

Their goal is to strengthen Canada’s global leadership in cybersecurity and privacy while promoting responsible data practices.

Last year CPI achieved a significant milestone by securing over CAD$3.3 million in funding, representing 30 per cent of total awards, from the National Cybersecurity Consortium (NCC) under the Cyber Security Innovation Network (CSIN) program.

Read more: HEAL Security secures $4.6 million in funding for healthcare cybersecurity

Read more: Cybersecurity firm promotes making it illegal to pay ransomware

CPI continues research and optimization

The collaboration with CPI will aid BTQ in continuing its research and optimization on Preon by enabling efficient zero-knowledge proof-based post-quantum digital signature schemes.

In July 2023, BTQ introduced Preon, a robust and efficient post-quantum signature scheme, showcasing distinctive features including small key size, rapid key generation, minimal assumptions, and flexible functionality.

These attributes render it resistant to potential threats from both classical and quantum computers.

The work of organizations like the CPI is necessary due to the escalating cyber threats in our increasingly digital world. The efforts involved not only protect individuals, organizations, and critical infrastructure from cyber attacks and data breaches but also foster technological innovation and economic growth.

Furthermore, the CPI upholds privacy rights and ethical standards, ensuring trust in digital systems and the responsible use of technology for positive societal impact.

Network security research is one of the institute’s biggest focuses.

Network security research aims to develop secure infrastructures and protocols to protect users’ data, applications, and devices from cyber threats. This involves addressing challenges such as secure protocols for distributed systems, data-driven security automation for software-defined networks, security in blockchain environments, and mobile and IoT security.

Researchers work to enhance network defenses and mitigate risks in various operational settings.

For example, New Zealand-based cybersecurity software company Emsisoft released a report in January that said Hackers used ransomware to assault over 2,000 hospitals, schools and governments in the United States in 2023, according to a report issued by New Zealand based cybersecurity firm, Emsisoft.

Additionally, many more had been indirectly impacted through attacks on supply chains.


Follow Mugglehead on Twitter

Like Mugglehead on Facebook

Follow Joseph Morton on Twitter

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

AI and Autonomy

The government has committed CAD$2.4 billion in its 2024 budget to help secure Canada's AI advantage

AI and Autonomy

This development highlights the growing interest among businesses in capitalizing on the AI boom

AI and Autonomy

The company is also presently working with Amazon and other e-commerce retailers including Kohls

AI and Autonomy

AlphaFold 3 advances beyond proteins to encompass a broad spectrum of biomolecules