Published on June 18th, 2022 📆 | 7174 Views ⚑
0Emerging encryption algorithms promise to set new standards for cybersecurity
As capital markets cool off and award less credit to the flavor of the month, we believe it's time to focus on the timeless security technique of encryption.
While the internet has relied on sturdy encryption standards since the 1990s, the proliferation of crippling ransomware warns that the backbone of cybersecurity needs reinforcement.
Standards development produced an emerging standard for passwordless authentication with FIDO2's WebAuthn protocol in 2019 and a post-quantum cryptography standard is due to be finalized in 2024.
Beyond these authoritative standards, academic research and startup innovation in privacy-enhanced computing is beginning to produce acquisitions of promising technology.
We believe that these developments are working toward standardization in the long term.
Our analyst note maps the categories and startups driving these new standards. Download it here: Hashing out the Future of Encryption Algorithms
Don't hesitate to reach out to discuss any of these topics further.
Gloss