Artificial Intelligence
IBM-Developed Algorithms Announced as World’s First Post-Quantum Cryptography Standards
As quantum computers rapidly advance, U.S. National Institute of Standards and Technology (NIST) publishes new algorithms developed by IBM, in collaboration with industry partners, to secure data against potential quantum attacks
YORKTOWN HEIGHTS, N.Y., Aug. 13, 2024 /PRNewswire/ — Two IBM-developed algorithms (NYSE: IBM) have been officially formalized within the world’s first three post-quantum cryptography standards, which were published today by the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST).
The standards include three post-quantum cryptographic algorithms: two of them, ML-KEM (originally known as CRYSTALS-Kyber) and ML-DSA (originally CRYSTALS-Dilithium) were developed by IBM researchers in collaboration with several industry and academic partners. The third published algorithm, SLH-DSA (initially submitted as SPHINCS+) was co-developed by a researcher who has since joined IBM. Additionally, a fourth IBM-developed algorithm, FN-DSA (originally called FALCON), has been selected for future standardization.
The official publication of these algorithms marks a crucial milestone to advancing the protection of the world’s encrypted data from cyberattacks that could be attempted through the unique power of quantum computers, which are rapidly progressing to cryptographic relevancy. This is the point at which quantum computers will harness enough computational power to break the encryption standards underlying most of the world’s data and infrastructure today.
“IBM’s mission in quantum computing is two-fold: to bring useful quantum computing to the world and to make the world quantum-safe. We are excited about the incredible progress we have made with today’s quantum computers, which are being used across global industries to explore problems as we push towards fully error-corrected systems,” said Jay Gambetta, Vice President, IBM Quantum. “However, we understand these advancements could herald an upheaval in the security of our most sensitive data and systems. NIST’s publication of the world’s first three post-quantum cryptography standards marks a significant step in efforts to build a quantum-safe future alongside quantum computing.”
As an entirely new branch of computing, quantum computers are quickly accelerating to useful and large-scale systems, as evidenced by the hardware and software milestones achieved and planned on IBM’s Quantum Development Roadmap. For example, IBM projects it will deliver its first error-corrected quantum system by 2029. This system is anticipated to run hundreds of millions of quantum operations to return accurate results for complex and valuable problems that are currently inaccessible to classical computers. Looking further into the future, IBM’s roadmap includes plans to expand this system to run upwards of one billion quantum operations by 2033. As IBM builds towards these goals, the company has already equipped experts across healthcare and life sciences; finance; materials development; logistics; and other fields with utility-scale systems to begin applying and scaling their most pressing challenges to quantum computers as they advance.
However, the advent of more powerful quantum computers could carry risks to today’s cybersecurity protocols. As their levels of speed and error correction abilities grow, they are also likely to encompass the ability to break today’s most used cryptographic schemes, such as RSA, which has long protected global data. Beginning with work started several decades ago, IBM’s team of the world’s foremost cryptographic experts continue to lead the industry in the development of algorithms to protect data against future threats, which are now positioned to eventually replace today’s encryption schemes.
NIST’s newly published standards are designed to safeguard data exchanged across public networks, as well as for digital signatures for identity authentication. Now formalized, they will set the standard as the blueprints for governments and industries worldwide to begin adopting post-quantum cybersecurity strategies.
In 2016, NIST asked cryptographers worldwide to develop and submit new, quantum-safe cryptographic schemes to be considered for future standardization. In 2022, four encryption algorithms were selected for further evaluation from 69 submissions chosen for review: CRYSTALS-Kyber, CRYSTALS-Dilithium, Falcon, and SPHINCS+.
In addition to continued evaluations to publish Falcon as the fourth official standard, NIST is continuing to identify and evaluate additional algorithms to diversify its toolkit of post-quantum cryptographic algorithms, including several others developed by IBM researchers. IBM cryptographers are among those pioneering the expansion of these tools, including three newly submitted digital signatures schemes that have already been accepted for consideration by NIST and are undergoing the initial round of evaluation.
Toward its mission to make the world quantum-safe, IBM continues to integrate post-quantum cryptography into many of its own products, such as IBM z16 and IBM Cloud. In 2023, the company unveiled the IBM Quantum Safe roadmap, a three-step blueprint to chart the milestones towards increasingly advanced quantum-safe technology, and defined by phases of discovery, observation, and transformation. Alongside this roadmap, the company also introduced IBM Quantum Safe technology and IBM Quantum Safe Transformation Services to support clients in their journeys to becoming quantum safe. These technologies include the introduction of Cryptography Bill of Materials (CBOM), a new standard to capture and exchange information about cryptographic assets in software and systems.
For more information about the IBM Quantum Safe technology and services, visit: https://www.ibm.com/quantum/quantum-safe.
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit ibm.com for more information.
Media contacts:
Erin Angelini, [email protected]
Chris Nay, [email protected]
Logo – https://mma.prnewswire.com/media/2319830/IBM_LOGO_1.jpg
View original content:https://www.prnewswire.co.uk/news-releases/ibm-developed-algorithms-announced-as-worlds-first-post-quantum-cryptography-standards-302220008.html
Artificial Intelligence
GEEKOM releases a perfect mini PCs with dual 2.5Gbps Ethernet ports – GEEKOM GT1 MEGA
TAIPEI, Sept. 20, 2024 /PRNewswire/ — GEEKOM, a Taiwanese tech company also known as the Green Mini PC Global Leader, recently released a strong lineup of flagship mini PCs with Intel Core Ultra processors and dual Ethernet ports, making it possible for users to enjoy impeccable performance and superb networking functionalities at the same time.
One of these mini PCs is the GEEKOM GT1 Mega, which employs a beautiful aluminum chassis with plenty of I/O, including two full-function 40Gbps USB4 Type-C, six USB Type-A, 2 HDMI2.0, a 3.5mm audio jack, an SD card reader and dual Ethernet ports. The two Ethernet jacks are both of 2.5Gbps standard, which not only delivers high-speed and reliable internet connection for people’s daily computing chores, but also enables the mini PC to serve more sophisticated networking functionalities as a soft router, a virtual machines, a hardware firewall, or even a home server. Besides, dual Ethernet ports can separate internal and external network connections, providing logical and physical separation of trusted and untrusted network traffic and keeping data safe from potential cyber-attacks.
The GT1 Mega is powered by Intel’s latest and smartest Core™ Ultra processor (up to CoreTM U9-185H) and dual-channel DDR5-5600MHz RAM. Thanks to the new CPU, GPU, and NPU three tier multi-processing architecture, the mini PC is ready to harness the superpowers of Artificial Intelligence. It is compatible with more than 500 AI models across 20+ categories and supports high-performance low-power processing in a wide range of computing scenarios, which include enhancing facial features and blurring the background during video calls, removing the vocals from songs to create karaoke tracks, and generating large-scale images based on texts or voice commands. Basically, the GT1 Mega allows users to finish tasks that used to take hours or even days through only a few keystrokes!
The GEEKOM GT1 Mega,is now available on GEEKOM’s official website.
Photo – https://mma.prnewswire.com/media/2508472/image_5019393_24175809.jpg
View original content:https://www.prnewswire.co.uk/news-releases/geekom-releases-a-perfect-mini-pcs-with-dual-2-5gbps-ethernet-ports—geekom-gt1-mega-302253057.html
SAN FRANCISCO, Sept. 19, 2024 /PRNewswire/ — Lucinity and Sift have announced a partnership, unifying fraud and Anti-Money Laundering (AML) into Lucinity’s integrated FinCrime compliance platform for case management, agent-enabled workflow automation, and Generative AI.
Sift is an AI-powered fraud platform securing digital trust for leading global businesses. Its Global Data Network analyzes more than 1 trillion events and identity signals per year to prevent fraud across the entire consumer journey. Lucinity and Sift formed this new partnership to address the challenges of fragmented fraud and AML systems, aiming to centralize and enhance financial crime investigations.
Sift’s AI-powered solution will now be integrated into Lucinity’s platform. This collaboration enhances Lucinity’s ability to provide a seamless and efficient compliance solution. It allows teams to review and manage fraud alerts more effectively through Lucinity’s unified Case Management system, thanks to the native integration between the systems. Key benefits to Lucinity’s users include:
Real-Time Fraud Screening: Payments are screened for potential fraud in real time, utilizing Sift’s fraud detection capabilities.Automatic Payment Holds: Payments suspected of fraud are temporarily held, ensuring verification before processing.Streamlined Reviews: Compliance teams can conduct thorough reviews of flagged payments within Lucinity’s Case Management solution.Risk Level Adjustments: Fraud detection parameters can be customized to adjust sensitivity levels, adapting to emerging fraud trends and risk appetites.This partnership also enables users to leverage Lucinity’s Generative AI capabilities through the Luci copilot to investigate fraud cases more efficiently.
Udi Nessimyan, President and Chief Revenue Officer of Lucinity, comments, “One of the greatest challenges in fighting financial crime is fragmented systems and data. Our partnership with Sift helps address this challenge by providing a centralized platform for various case types, including AML, fraud, sanctions, and ad hoc cases. Our collaboration significantly enhances the productivity of investigation teams, reducing the time spent on cases from hours to minutes.”
Sift’s Chief Marketing Officer, Armen Najarian, emphasizes the collaborative effort to enhance financial crime prevention, stating, “Cybercriminals are increasingly leveraging AI to bypass traditional anti-money laundering and fraud controls, creating sophisticated and dynamic threats. To combat these evolving risks, companies must adopt a ‘fight fire with fire’ approach by leveraging AI-powered solutions. Through Sift’s partnership with Lucinity, businesses can stay ahead of fraudsters, ensuring robust protection against abuse and enabling fearless growth.”
About Sift: https://sift.com About Lucinity: https://lucinity.com
Media contact:Celina [email protected] +354 792 4321
View original content:https://www.prnewswire.co.uk/news-releases/lucinity-partners-with-sift-for-unified-fraud-and-aml-case-management-302253487.html
Artificial Intelligence
Employee Background Check Software Market Size to Grow USD 828.8 Million by 2030 at a CAGR of 4.9% | Valuates Reports
BANGALORE, India, Sept. 19, 2024 /PRNewswire/ — Employee Background Check Software Market is Segmented by Type (Cloud-Based, On Premises), by Application (SMEs, Large Enterprises): Global Opportunity Analysis and Industry Forecast, 2024-2030.
The Global Employee Background Check Software Market was valued at USD 587 Million in 2023 and is anticipated to reach USD 828.8 Million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-2A10579/Global_Employee_Background_Check_Software
Major Factors Driving the Growth of Employee Background Check Software Market:
The employee background check software market is growing due to increasing demands for secure hiring processes and regulatory compliance, especially in industries such as finance, healthcare, and IT. As companies look to reduce risks associated with fraud, legal liabilities, and workplace safety, background checks are becoming a critical part of recruitment processes. The rise of remote work has further accelerated the need for digital solutions. However, challenges include concerns over data privacy and varying legal frameworks across regions, which may slow adoption in some areas.
Buy Now: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-2A10579&lic=single-user
TRENDS INFLUENCING THE GROWTH OF THE GLOBAL EMPLOYEE BACKGROUND CHECK SOFTWARE MARKET:
Cloud-based background check software is gaining traction due to its scalability, remote access, and cost-effectiveness. With cloud-based systems, businesses can streamline their hiring processes, particularly when operating across multiple locations. The ability to access data and conduct checks in real-time is highly valuable for organizations managing large workforces or remote employees. The flexibility and lower upfront investment of cloud-based solutions make them popular among businesses seeking efficient and adaptable systems for their recruitment processes.
On-premises solutions remain important for organizations with strict security and data control requirements, such as those in government, defense, or finance. These companies often need complete ownership of their data, which on-premises software offers, reducing the risk of external breaches. Although it requires significant upfront investment and maintenance, on-premises software provides a high level of customization and security. It’s especially useful for businesses dealing with sensitive information and industries where compliance with local data protection laws is critical.
Large enterprises, particularly those operating in regulated industries like banking and healthcare, are the major adopters of employee background check software. These organizations deal with large volumes of hires, making streamlined background checks essential for compliance and operational efficiency. The ability to integrate background check systems with existing HR tools, such as applicant tracking systems, allows large companies to manage their recruitment processes more effectively. The need for comprehensive and accurate background checks is crucial for mitigating risk and ensuring legal compliance.
The rise in remote working has increased the demand for background check software that allows companies to vet employees regardless of their location. Digital background checks, particularly cloud-based ones, make it easier for organizations to screen remote workers efficiently. This trend is expected to continue as more companies adopt hybrid or fully remote work models, where geographical barriers no longer restrict talent acquisition but require thorough and remote-friendly verification processes.
As regulatory frameworks for employment practices become more stringent globally, businesses are increasingly relying on background check software to ensure compliance. Laws like the General Data Protection Regulation (GDPR) in Europe and the Fair Credit Reporting Act (FCRA) in the U.S. have made it mandatory for companies to conduct background checks within specific legal parameters. This has led to increased demand for software solutions that can automate these processes while maintaining compliance with regional and international laws.
A major trend in the employee background check software market is the integration of these solutions with human resources management systems (HRMS). Integrating background checks with HR software streamlines the hiring process by consolidating background checks, employee records, and onboarding into one system. This improves operational efficiency for businesses, particularly large enterprises that handle significant recruitment volumes. Integration with HRMS allows for real-time updates, making background screening an even more integral part of the hiring process.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-2A10579/global-employee-background-check-software
EMPLOYEE BACKGROUND CHECK SOFTWARE MARKET SHARE
North America dominates the market due to stringent employment regulations and widespread adoption across industries. Europe is another key region, driven by GDPR compliance and demand in finance and healthcare. The Asia-Pacific region is experiencing rapid growth due to increasing awareness of the importance of background checks, especially in countries like China and India, where digital hiring platforms are becoming more popular. The market is also expanding in the Middle East and Africa as businesses prioritize secure hiring practices.
Key Companies:
HireRightGoodHireCheckrSterlingHireologyINTELIFIGood EggPeopleG2VitayCertnGlobal HR ResearchVeritable ScreeningXrefZincPaycomADPVICTIGIntelliCorp (Cisive)SpringVerifyAsurintUniversalAssureHireVerified FirstHireSafePurchase Chapters: https://reports.valuates.com/request/chaptercost/QYRE-Auto-2A10579/Global_Employee_Background_Check_Software
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
– Employer of Record Services market was valued at USD 128.2 Million in 2023 and is anticipated to reach USD 196 Million by 2030, witnessing a CAGR of 6.8% during the forecast period 2024-2030.
– Employee Engagement Platform market was valued at USD 805 Million in 2023 and is anticipated to reach USD 2217.4 Million by 2030, witnessing a CAGR of 15.5% during the forecast period 2024-2030.
– Employee Advocacy Platforms market was valued at USD 533 Million in 2023 and is anticipated to reach USD 1020.8 Million by 2030, witnessing a CAGR of 9.7% during the forecast period 2024-2030.
– Employee Feedback Software market is projected to grow from USD 499.5 Million in 2024 to USD 1287.8 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period.
– Employee Productivity Tracking Software market is projected to reach USD 311.8 Million in 2029, increasing from USD 219 Million in 2022, with the CAGR of 5.2% during the period of 2023 to 2029.
– Employee Feedback Software market is projected to grow from USD 499.5 Million in 2024 to USD 1287.8 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period.
– Employee Rewards and Recognition Software Market
– Employee Productivity Monitoring Software Market
– Employee Recognition Software market was valued at USD 2247 Million in 2023 and is anticipated to reach USD 4186.4 Million by 2030, witnessing a CAGR of 8.9% during the forecast period 2024-2030.
– Employee Lockers Market
DISCOVER OUR VISION: VISIT ABOUT US!
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
YOUR FEEDBACK MATTERS: REACH OUT TO US!Valuates [email protected] U.S. Toll-Free Call 1-(315)-215-3225WhatsApp: +91-9945648335Website: https://reports.valuates.comBlog: https://valuatestrends.blogspot.com/Pinterest: https://in.pinterest.com/valuatesreports/Twitter: https://twitter.com/valuatesreportsFacebook: https://www.facebook.com/valuatesreports/YouTube: https://www.youtube.com/@valuatesreports6753https://www.facebook.com/valuateskorean https://www.facebook.com/valuatesspanish https://www.facebook.com/valuatesjapanese https://valuatesreportspanish.blogspot.com/ https://valuateskorean.blogspot.com/ https://valuatesgerman.blogspot.com/ https://valuatesreportjapanese.blogspot.com/
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/employee-background-check-software-market-size-to-grow-usd-828-8-million-by-2030-at-a-cagr-of-4-9–valuates-reports-302253435.html
-
Artificial Intelligence3 days agoDATAMARK Technologies Applauded by Frost & Sullivan for Advancing Location Determination Capabilities and Data Accuracy with Its Improved GIS and Indoor Mapping Solution
-
Uncategorized7 days agoSUBBD and Luna PR Join Forces to Shape the Future of AI-Powered Content Creation
-
Artificial Intelligence7 days agoGlobal AI Summit 2024 continued to transform data and AI landscape on final day
-
Artificial Intelligence7 days ago
Sinch calls for early redemption of outstanding bonds 2019/2024
-
Artificial Intelligence3 days agoLab Automation Market to Reach $11.31 Billion by 2031, Driven by Rising Pharmaceutical & Biotech R&D Expenditures and Increasing Demand for Automated Laboratories and Instruments – Report by Meticulous Research®
-
Artificial Intelligence7 days agoIT Operations Analytics (ITOA) Market worth $127.4 billion by 2029- Exclusive Report by MarketsandMarkets™
-
Artificial Intelligence7 days agoUST Launches ‘UST Retail GenAI platform’ – Transforming Retail Operations with Generative AI-Driven Solutions
-
Artificial Intelligence7 days agoTelecommunications and BFSI Customer Engagement Solutions Market to Reach $16.1 billion, Globally, by 2032 at 8.7% CAGR: Allied Market Research
