The stock price of SANDS Lab, a cybersecurity company, is rising more than 10% in early trading on 14th. The buying surge follows news that the company developed a technology to inspect artificial intelligence (AI)-based post-quantum cryptography (PQC).
As of 9:45 a.m. on 14th, SANDS Lab is trading at 9,030 won, up 950 won (11.76%) from the previous day on the KOSDAQ market. The stock price has increased for three consecutive trading days.
SANDS Lab announced the development of an AI-based PQC inspection technology that identifies and classifies whether network communications are employing secure cryptographic systems, providing evidence of potential hacking risks posed by quantum computers.
Currently, PQC technology is being applied in the virtual private network (VPN) solution field, but SANDS Lab noted that this is the world's first deployment case in the network detection and response (NDR) solution sector.
Inshin Kyo, SANDS Lab's head of research and development, said, “With the application of advanced post-quantum identification features, MNX (SANDS Lab's NDR solution) will become prominent in not only the current AI security market but also the quantum security market.” He added, “We have completed the patent application for our proprietary technology and will focus on securing key technologies needed for future markets.”