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Stock impact report

Urgency in Post-Quantum Security: SEALSQ and WISeKey Join the Defense After Breakthrough Quantum Attack on RSA Encryption [Yahoo! Finance]

SEALSQ Corp - Ordinary Shares (LAES) 
Company Research Source: Yahoo! Finance
Geneva, Switzerland, October 16, 2024 -- SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, today announced that its Post Quantum products and services are designed to respond to the weakness of RSA algorithms to quantum computers recently exposed by Chinese Researchers. Indeed, a recent breakthrough by researchers from Shanghai University demonstrated the power of quantum computing by efficiently cracking RSA encryption using a D-Wave quantum computer. ( https://t.ly/18g99 ). This advancement underscores the urgency to develop new cryptographic defenses to protect sensitive information from being exposed. This real-life example confirms Peter Shor's theory that Quantum computers, leveraging the principles of quantum mechanics, have the potential to disrupt the very foundations of global data security by breaking widely used cryptographic algorithms, i Show less Read more
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