HancomWITH, Hancom Group’s subsidiary (CEO SangYeup Song), targets the post-quantum cryptography (PQC) market.
On the 13th, HancomWITH announced that its cryptographic module, IQNUS Crypto v1.0, which integrates post-quantum cryptography, has successfully passed the National Intelligence Service’s Korean Cryptographic Module Validation Program (KCMVP).
SoftForum, a subsidiary focused on security technology research, has developed IQNUS Crypto v1.0. HancomWITH plans to work closely with SoftForum to create a detailed business roadmap.
IQNUS Crypto v1.0 is Korea’s first cryptographic module to include algorithms approved by the U.S. National Institute of Standards and Technology (NIST) for post-quantum cryptography. The module is designed to prepare for the potential threat that quantum computers will render current encryption systems obsolete in the future.
Google’s recent breakthrough with its 105-qubit quantum processor, Willow, demonstrated the power of quantum computing by solving a problem that would take 10 septillion (10^24) years on a supercomputer in just 5 minutes. As the development of quantum computing accelerates, the need for quick and effective responses to data security challenges is more critical than ever.
Quantum computing technology threatens existing encryption systems. Governments and industries around the world, including in the U.S., are now working to standardize post-quantum cryptography by transitioning all current encryption systems to post-quantum cryptography by 2035.
Experts in quantum computing are urging the immediate implementation of post-quantum cryptography to defend against “Harvest Now, Decrypt Later” (HNDL) attacks.
HancomWITH has already actively incorporated its own post-quantum cryptography technology in various products, as demand for post-quantum encryption solutions has increased across key industries such as finance, healthcare, and defense.
In May of last year, HancomWITH launched its communication encryption solution, “Hancom xConnect v4.0,” and in December, it introduced a structured and unstructured data security solution, “Hancom xDB v5.0.” These solutions are currently being deployed in sectors such as public, finance, and insurance. HancomWITH plans to integrate post-quantum cryptography into its private certification and simple authentication solutions as well.
CEO SangYeup Song expressed, “Through the cryptographic module of our subsidiary, we aim to protect vital information across various sectors, including government, public institutions, finance, and industries, safeguarding it from emerging security threats.”