TechCreate Group Ltd. and pQCee Intend to Collaborate on One of the First Quantum-Safe QR Hybrid POS Terminal
These terminals are expected to explore transitioning away from current encryption standards—like RSA and ECC—which are vulnerable to quantum computing, with a view to enhancing the security of cardholder data and transaction keys. Such an approach is intended to help mitigate the "Harvest Now, Decrypt Later" (HNDL) threat, where attackers are currently capturing and storing encrypted sensitive data (payment details, user IDs) from QR/card transactions with the intention of decrypting it years later.
In addition, as regulatory bodies across the world begin to standardize PQC, these quantum-safe Hybrid QR POS terminals are intended to support alignment with evolving security standards.
TechCreate CEO
In this collaboration, pQCee is expected to provide its quantum-safe cryptography tool, SafeQuard, that defends the communications between customers and financial institutions against harvest-now-decrypt-later attacks. TechCreate and pQCee aim to be one of the first in the region to roll out a quantum-safe POS soundbox terminal.
pQCee CEO Tan
About
About pQCee
pQCee is a leader in post-quantum cryptography solutions, dedicated to developing advanced security tools to protect organizations against future cyber threats. With a team of world-class researchers and engineers, pQCee delivers scalable, crypto-agile defence-in-depth solutions designed to safeguard critical data and business applications. For more information, visit https://www.pqcee.com/.
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