Cybersecurity corporations Genians declared its entry into the quantum security market.
Genians said on the 26th that, in preparation for the coming era of Quantum Computing, it will develop next-generation foundational quantum security technology and reemerge as a leading player in the post-quantum (quantum-resistant) era.
A Genians official said, "As part of the Zero Trust 3.0 strategy, development of the core technology for the 'quantum security gateway,' which fundamentally blocks hacking threats in the Quantum Computing era, has entered the final verification stage," and added, "We will secure proprietary quantum security technological capabilities that can compete with global leading corporations and establish strong dominance in the quantum security market, which is set to grow explosively."
Quantum computers have the powerful performance to solve in mere seconds cryptanalysis that would take existing supercomputers hundreds of years. This means the encryption algorithms currently used in financial, defense, and administrative systems worldwide could be neutralized. According to market research firm Technavio, the global Quantum-resistant Encryption (PQC) market has recorded a steep average annual growth rate of more than 43.4% since last year and is expected to reach $342 million (about 4.7 trillion won) by 2030.
The "quantum security gateway" under development by Genians is characterized by the introduction of a proprietary quantum encryption scheme. The company said it implemented a complete composite security architecture by applying the latest PQC (post-quantum cryptography) technology on top of the existing ZTNA (zero trust network access) solution framework and embedding a high-performance key management system (KMS) that safely controls the entire life cycle of cryptographic keys.
Genians plans to lay the groundwork to expand its business scope into next-generation industries where quantum security is essential, such as Autonomous Driving, AI, and the cloud.
Chief Executive Lee Dong-beom of Genians said, "By securing the technological capabilities to perfectly protect customers' asset from Quantum Computing threats, we will contribute to national cyber defense and expand the scope to the global market with that core asset, further solidifying the stature of K-security."