3rd March 2016
THERE ARE A NUMBER OF PROMISING NEW COMPANIES EMERGING IN THE CYBERSECURITY SPACE. TECH CITY NEWS REPORTER YESSI BELLO PEREZ TAKES A LOOK
Founded in January 2014, this award- winning mobile security startup is developing a Quantum (True) Random Number Generator (QRNG). The startup claims it is one of only 12 companies in the world to have this capability.
“Our vision is to be the leading security solution to secure the Internet of Everything and mission-critical systems connected to the Internet of Things. This vision will be realised by building a QRNG security chip. The Crypta Labs chip can be used to encrypt anything from sensitive data to transactions,” said Joe HQ Luong, the company’s founder and CEO.
Crypta Labs’ chip can be inserted in all devices that require hardware encryption, such as mobile phones, laptops or tablets.
The chip, said the CEO, is also relevant for a wide range of industries such as government, defence, healthcare, financial services, communications, network security and transportation.
“However, for this to be viable, encryption needs to have a low power usage, low storage, small size and low cost. This is currently a major challenge which we are aiming to solve,” he concluded.
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