Quantum cryptography can ensure an ultra-secure future for the financial sector despite the evolving threats they face, writes RONALD RAVEL, Director B2B South Africa, Toshiba South Africa
With an increasingly connected world spurring on the perpetual rise of the Internet of Things (IoT), data is firmly establishing itself as the dominant fuel within many organisations, being central to the way they work. This data proliferation is taking place at an exponential rate – so much so that Cisco predicts a huge 14.1 zettabytes of data will be present in the cloud in 2020, compared to only 3.9 zettabytes in 2015.
With this shift taking place, encryption is an increasingly well-regarded protection tool in cybersecurity: over 80 per cent of mobile device data is encrypted – a significantly greater percentage than corporate data, despite its generally more revealing content. All data though, whether in the cloud or on devices, is a target for potential hackers. As the financial industry handles a significant amount of highly sensitive and valuable data, including Personally Identifiable Information (PII) of customers, focused attacks are to be expected.
Recent research found that the average cost of a data breach in South Africa is R32,36-million, a 12% increase since 2016. According to the study, these data breaches cost companies on average R1 632 ($124) per lost or stolen record.
The study shows how quickly an organisation can contain data breach incidents has a direct impact on financial consequences. The cost of a data breach was nearly R5-million lower on average for organisations that were able to contain a data breach in less than 30 days compared to those that look longer than 30 days.
As the foundations of computing begin to change from maths to physics with the introduction of quantum computing, so must the financial industry evolve the way it protects its data to ensure optimum and future-proofed security. Global Industry Analysts forecasts quantum computing’s global market to reach $2 billion by 2024, and it will pay dividends to keep abreast of its evolution. Quantum cryptography is emerging from this ongoing development as a strong protection method, necessary to combat ever-increasing security threats.
The building blocks of quantum cryptography
Quantum cryptography produces a message unreadable to all except its explicit recipient, due to the fundamental physics law of observation: to observe something is to change it. This specific type of quantum computing is known as Quantum Key Distribution (QKD), as whoever is receiving the message will still need a transmitted ‘key’ to decode its contents. Encryption is brought into a new era of online security by precisely how QKD communicates: keys are transmitted as photons, and usually light particles. If third-party interception is detected, the key instantaneously transforms state, rendering its contents indecipherable and, thus, useless. This change of state also indicates to the recipient that the transmission’s contents have been compromised. Until interference, QKD particles are able to exist simultaneously in more than one place and state, only having to select a behaviour upon coming into contact with something else – such as a hacker.
Toshiba works at the forefront of quantum cryptography, recently making a breakthrough at its Cambridge Research Laboratory by creating the world’s fastest QKD device. Approximately seven times faster than Toshiba’s previous record speed of 1.9Mbps, a speed of 13.7Mbps has now been achieved. Such a development brings the wider, practical utilisation of quantum technology one step closer.
Quantum cryptography’s role in shaping the security of the financial sector
Cost presently restricts the mainstream use of quantum cryptography, with it likely to be some while before the technology is widely-utilised. Now, however, is the best time to prepare in order to stay ahead in the race between hackers and cryptographers, both of whom stand to benefit from the new technology. A significant threat to the integrity of financial data in the cloud is the technique of harvest and decrypt. Already being deployed by cybercriminals, this technique sees sensitive files, which could include information such as account holders’ addresses and names, scraped and stored by malicious parties until they have the capability in the future to decipher the contents with quantum computers (the power of which vastly outstrips that of a classic computer). Even currently secure data is, therefore, already vulnerable to the hackers of the future. Vigilance now, with the security tools presently available, is crucial – it avoids attracting a cybercriminal’s attention as either an immediate data breach target or future harvest victim.
The financial industry must also recognise that leaked data doesn’t only cost in terms of the danger of personal and business critical data being readily obtainable online. Reputations will also be damaged, possibly irreparably, and the monetary cost will be high.
Quantum cryptography has the ability to usher in a new age of ‘unhackable’ online communication – as long as the finance industry ensures that education and awareness also remain high on the agenda. Support for IT decision makers will be vital in maintaining robust data security now and in the future, ensuring a mindset agile enough to update methods when the time comes. Cybercriminals often lead the way with new and inventive hacking methods – with quantum computing, financial organisations need to move to a preventative rather than reactive IT security infrastructure, or by the time they address any attack it will be too late. By understanding how quantum cryptography can work to fill the gaps in online defences, such as with the protection of abandoned historic data, the financial sector will be well-placed to stay one step ahead of any complex threats in the future.
Acer gaming beast escapes
Acer this week unveiled two notebooks that take portable gaming to new extremes.
Acer unveiled two new Predator Helios gaming notebooks this week at the next@acer global press conference in New York. They include the powerful Predator Helios 500, featuring up to 8th Gen Intel Core i9+ processors, and the Predator Helios 300 Special Edition that includes upgraded specs from its predecessor and a distinctive white chassis. Both feature VR-Ready performance, advanced thermal technologies, and blazing-fast connectivity.
“We’ve expanded our Predator Helios gaming notebook line in response to popular demand from gamers seeking extreme performance on the go,” said Jerry Kao, President of IT Products Business, Acer. “The Predator Helios 500 and Helios 300 gaming notebooks feature Acer’s proprietary thermal technologies and powerful components that, coupled with our award-winning software, deliver unparalleled gaming experiences.”
“The 8th Gen Intel Core i9+ processor for gaming and creation laptops is the highest performance Intel has ever delivered for this class of devices; purpose built for enthusiasts who demand premium gaming experiences whether at home or on the go,” said Steve Long, Vice President and General Manager, Client Computing Group Sales and Marketing, Intel. “Intel and Acer’s long relationship has produced amazing products over the years, and the new Acer Predator Helios gaming notebooks are powerful examples of what’s possible with this unprecedented level of performance.”
Predator Helios 500 is a gaming beast featuring overclocking, 4K 144 Hz panels
Designed for extreme gamers, the Predator Helios 500 is a gaming beast. It features up to overclockable 8th Gen Intel Core i9+ processors and overclockable GeForce GTX 1070 graphics. Intel Optane memory increases responsiveness and load times, while ultra-fast NVMePCIe SSDs, Killer DoubleShot Pro networking, and up to 64GB of memory keep the action going, making the Helios 500 the ideal gaming notebook for graphic-intensive AAA titles and live streaming.
Top-notch visuals are delivered on bright, vibrant 4K UHD or FHD IPS 17.3-inch displays with 144Hz refresh rates for blur- and tear-free gameplay. NVIDIA G-SYNC technology is supported on both the built-in display and external monitors, allowing for buttery-smooth imagery without tearing or stuttering. For those looking for maximum gaming immersion, dual Thunderbolt 3 ports, and display and HDMI 2.0 ports support up to three external monitors. Two speakers, a subwoofer, and Acer TrueHarmony and Waves MAXXAudio technology deliver incredible sound and hyper-realistic 3D audio using Waves Nx.
The Helios 500 stays cool with two of Acer’s proprietary AeroBlade 3D metal fans, and five heat pipes that distribute cool air to the machine’s key components while simultaneously releasing hot air. Fan speed can be controlled and customized through the PredatorSense app.
A backlit RGB keyboard offers four lighting zones with support for up to 16.8 million colors. Anti-ghosting technology provides the ultimate control for executing complex commands and combos, which can be set up via five dedicated programmable keys.
Acer’s PredatorSense app can be used to control and monitor the notebook’s vitals from one central interface, including overclocking, lighting, hotkeys, temperature, and fan control.
Predator Helios 300 Special Edition brings a sophisticated design twist to gaming notebooks
Acer’s budget-friendly Helios 300 gaming line sees the addition of a Special Edition model featuring an all-white aluminum chassis accented with gold trim, an unusually chic design for gaming notebooks.
The Helios 300 Special Edition (PH315-51) allows for ultra-smooth gameplay via its 15.6-inch FHD IPS display with an upgraded 144Hz refresh rate. The rapid refresh rate shortens frame rendering time and lowers input lag to give gamers an excellent in-game experience. It’s powered by up to an 8th Gen Intel Core i7+ processor, overclockable GeForce GTX 1060 graphics, up to a 512 GB PCIe Gen 3 NVMe solid state drive, and up to a 2 TB hard disk drive.
The Helios 300 Special Edition also comes equipped with up to 16 GB of DDR4 memory, and is upgradable to 32GB. Intel Optane memory speeds up load times of games and applications, access to information and improves overall system responsiveness. In addition, Gigabit Ethernet provides fast wired connections, while Gigabit Wi-Fi is provided by the latest Intel Wireless-AC 9560 that delivers up to 1.73Gbps throughput when using 160 MHz channels (2×2 802.11ac, dual-band 2.4GHz and 5GHz).
The Helios 300 Special Edition also includes two of Acer’s ultrathin (0.1 mm) all-metal AeroBlade 3D fans designed with advanced aerodynamics and superior airflow to keep the system cool. They can be controlled with Acer’s PredatorSense app, which offers three usage modes:
1. Coolboost mode:
For heavy loading games, rendering, streaming, and extended video consumption
2. Normal mode:
For productivity tools like Microsoft Office
3. Silent mode:
For web browsing and online chatting
Price and Availability
Predator Helios 500 will be available in South Africa in June starting at R34 999.00
Helios 300 Special Edition will be available in South Africa in August 2018. Exact Price will be communicated closer to the time.
LG G7 arrives in SA
LG this week introduced South Africa to its latest premium smartphone, the LG G7 ThinQ, focused on bringing useful and convenient AI features to the smartphone experience.
Powered by the latest Qualcomm Snapdragon 845 Mobile Platform, the LG G7 ThinQ offers 4GB of RAM and 64GB of internal storage to run demanding tasks and apps with. It is equipped with a 6.1-inch Super Bright Display, but the LG G7 ThinQ remains compact enough to use with one hand.
Sporting a new design aesthetic for the G series, the polished metal rim gives the LG G7 ThinQ a sleeker, more refined look, complemented by Gorilla Glass 5 on both the front and the back for enhanced durability. Rated IP68 for dust and water resistance, the LG G7 ThinQ is also awarded MIL-STD 810 c certification, having been subjected to a range of extreme temperature and environment tests designed by the United States military.
The LG G7 ThinQ has an 8MP camera up front, rendering clear and natural selfies, with two 16MP cameras at the back that deliver higher resolution photos with more detail, as well as a Super Wide Angle configuration.
As with other leading brands, LG has evolved its signature camera by including AI functionality. The AI CAM offers 19 shooting modes for intelligence-optimised shots. Users can also improve their photos by choosing from an additional three effect options should the AI CAM recommendation not suit their taste.
The new Super Bright Camera captures images that are up to four times brighter than typical photos shot in dim light. Through the combination of pixel binning and software processing, the AI algorithm adjusts the camera settings automatically when shooting in low light.
Live Photo Mode records one second before and after the shutter is pressed for snippets of unexpected moments or expressions that would normally be missed. Stickers uses face recognition to generate fun 2D and 3D overlays, such as sunglasses and headbands, that can be viewed directly on the display.
New to the G series is Portrait Mode, which generates professional-looking shots with out-of-focus backgrounds. This effect can be generated using both front and rear standard lenses as well as the rear Super Wide Angle lens.
LG G7 ThinQ offers further AI functionality with the inclusion of Google Lens features. Google Lens is a new way to search using the AI and computer vision. Google Assistant and Google Photos allow users to access more information on objects such as landmarks, plants, animals, and books. It can identify text or visit websites, add business cards to contacts, events to the calendar or look up an item on a restaurant menu.
A button just below the volume keys launches the AI functionality. A single tap of this button launches the Google Assistant, while two quick taps launches Google Lens. Users can also hold down the button to start talking to the Google Assistant without the repetition of the OK Google command.
With Super Far Field Voice Recognition (SFFVR) and the highly-sensitive G7ThinQ microphone, the Google Assistant can recognise voice commands from up to five meters away. SFFVR is able to separate commands from background noise, making the LG G7 ThinQ an alternative to a home AI speaker, even when the TV is on. Commands for the Google Assistant have been increased in the LG G7 ThinQ so users can get more done with their voice alone.
“The LG G7 ThinQ is strongly focused on the fundamentals and its launch marks a new chapter for our company,” said Deon Prinsloo, General Manager for Mobile Communication, LG Electronics S.A Pty Ltd. “Through the combination of personalised and useful AI functionalities with meaningful smartphone features, this is LG’s most convenient and in the moment smartphone yet.”
- Mobile Platform: Qualcomm Snapdragon 845 Mobile Platform
- Display: 6.1-inch QHD+ 19.5:9 FullVision Super Bright Display (3120 x 1440 / 564ppi)
- LG G7 ThinQ: 4GB LPDDR4x RAM / 64GB UFS 2.1 ROM / MicroSD (up to 2TB)
- Rear Dual: 16MP Super Wide Angle (F1.9 / 107°) / 16MP Standard Angle (F1.6 / 71°)
- Front: 8MP Wide Angle (F1.9 / 80°)
- Battery: 3000mAh
- OS: Android 8.0 Oreo
- Size: 153.2 x 71.9 x 7.9mm
- Weight: 162g
- Connectivity: Wi-Fi 802.11 a, b, g, n, ac / Bluetooth 5.0 BLE / NFC / USB Type-C 2.0 (3.1 compatible)
- Colours: New Aurora Black
- Others: Super Bright Display / New Second Screen / AI CAM / Super Bright Camera / Super Far Field Voice Recognition / Boombox Speaker / Google Lens / AI Haptic / Hi-Fi Quad DAC / DTS:X 3D Surround Sound / IP68 Water and Dust Resistance / HDR10 / Google Assistant Key / Face Recognition / Fingerprint Sensor / Qualcomm Quick Charge 3.0 Technology / Wireless Charging / MIL-STD 810G Compliant / FM Radio