Telefónica Tech and IBM recently announced a collaboration to tackle the emerging cybersecurity threats posed by advanced quantum computers. These quantum devices have the potential to break current cryptographic methods, posing a risk to sensitive data. The partnership will focus on developing “quantum-safe” technologies that protect critical information.
The companies aim to integrate IBM’s quantum-safe innovations with Telefónica Tech’s cybersecurity services. These services will help organizations protect their data against quantum threats by adopting new encryption standards recommended by the US National Institute of Standards and Technology (NIST). Notably, IBM has been part of developing two key algorithms in this field.
Benefits of the collaboration include assisting organizations in identifying and mitigating cryptographic vulnerabilities. Moreover, Telefónica Tech will facilitate a smooth transition to new protocols and algorithms. The entities are also considering establishing a joint office dedicated to communications encryption and adapting to new secure algorithms.
“Quantum computing offers incredible opportunities, but it could also pose a significant challenge in terms of cybersecurity,” said Raquel Ruiz Lozano, Global Head of Strategic Partnerships for Telefónica Tech. “This collaboration agreement with IBM allows us to continue to help address the potential risks of the post-quantum world, thanks to IBM’s quantum safe technology, and to offer our clients solutions to help protect their critical data and face this transformation with security and confidence.”
Adolfo Hernández Pulido, Technology Managing Director for Telefónica at IBM, emphasized the importance of preparing for the shift: “It is critical for organizations to begin evaluating their cryptography and planning a transition to quantum-safe standards.”
The partnership includes the setup of a dedicated use-case office to address communication encryption, thereby helping ensure critical environments are safeguarded.
