Trending
Across all industries and business sizes, cybersecurity is a necessity. That’s particularly true of the advisory/wealth management space where safeguarding of client data is a vital piece in establishing trust. Count Scope Technologies (SCPE) among the companies that are leveraging disruptive technology to assist clients in bolstering cyber defenses.
Proving the innovative, next-generation technologies can be potent when combined, Scope Technologies harnesses artificial intelligence (AI) and quantum computing, signaling that a new era of cybersecurity is afoot – one with significant growth implications.
“So really, what we do, in the most succinct manner, is we protect data,” notes Scope CEO James Young. “That is what we do. We protect data. We protect data both from the impending or future quantum storm and all of the essentially changing of the security landscape that will result from quantum computing.”
Scope’s focus on the intersection of cybersecurity and quantum computing is pertinent because the quantum computing market is in its infancy, but it’s poised to expand to $50 billion by the end of the current decade. Further cementing its status as a major growth industry, companies such as Amazon, Google, IBM and Microsoft, among others, are making significant investments in this technology.
Scope Technologies Focusing on Future, Ready for the Present
One of the unique elements of the cybersecurity industry is that providers need to be focused on the future while delivering solutions for that meet today’s demands. And there are plenty of those. Cyber criminals are more emboldened than ever and their targets are increasingly prominent as highlighted by a recent spate of attacks against well-known companies in multiple industries.
Looked at differently, cybersecurity providers need to be not only flexible, but on the cutting edge of technology. Scope Technologies answers those calls.
“What we do is we ensure that companies now are able to have full round trip encryption on all of their data, as well as full decentralized storage, meaning it is impervious to all ransomware attacks and the current attack vectors that are happening right now,” adds Young.
For those not steeped in tech jargon, a laymen’s explanation of some of Scope’s points of emphasis is a focus on is helping quantum computing firms safeguard precious data. Or in the simplest of terms, a nefarious cyber actor targeting a quantum outfit really doesn’t want to encounter Scope offerings. As Young points out, the risk of such attacks is rising because quantum computing is gaining more acclaim.
Scope Technologies Ushering in New Era of Quantum Protection
Quantum computing itself is a new, disruptive technology and as the total addressable market statistic cited above confirms, this is a high-octane industry with massive growth potential. However, that potential can’t be realized if there are severe cyber vulnerabilities.
Employing a bottom-up approach, Scope Technologies stands ready to help clients thrive in a new era of cybersecurity. As founder and Chief Technology Officer (CTO) Sean Prescott points out, it’s an approach rooted in going above-and-beyond the cybersecurity norm, including deployment of AI.
“So that is where our paradigm of data storage being decentralized, though verifiably secured, round trip, not just end to end, but round trip secured,” he said. “That's the kind of approach that we take, and in that the discussion of quantum and why we're already building that in just not even as an optional it is happening. You're getting this no matter what, and it will benefit you in this way into the future.”
Bottom line: A new generation of technology is dawning and quantum computing is one of the pillars of that evolution. That’s resulting in new cybersecurity needs that agile providers such as Scope Technologies are ready to meet.
Related: ETFs Revolutionized Gold Investing