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Scope Technologies Corp. Announces Development Update for the QSE Mobile App for Quantum-Resistant Encrypted Communication and File Sharing
4 Reasons Why Scope Technologies Corp. (CSE: SCPE | OTCQB: SCPCF) Could Be Poised For Significant Upside Potential in 2025
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Scope Technologies Corp.
(CSE: SCPE | OTCQB: SCPCF)
Hostile Nations Are Pouring Billions of Dollars Into Developing Quantum “Crypto Crackers,” Driving Global Demand for a Secure Solution
As you probably know, encryption uses complex mathematical equations to scramble data in such a way that it can only be descrambled with a password or key.
Of course, computer geeks on TV routinely crack those passwords and decrypt the data in mere minutes, without even breaking a sweat.
However, in the real world a simple 12 character password with one uppercase letter, one number and one symbol is pretty much uncrackable. In fact, cracking such a password would take a traditional computer 34,000 years.
In other words, as long as you’re careful, you’re safe. Or at least you were.
The problem is quantum computers will be so blazingly fast they’ll be able to crack that 12 character password — and even much longer ones — in mere minutes.
These ferocious new computers will absolutely annihilate even the best cybersecurity measures currently available.
A Critical Warning From the NSA
As the National Security Agency (NSA) warns, “A quantum computer of sufficient size and sophistication … will be capable of breaking much of the public-key cryptography used on digital systems across the United States and the world.”
No wonder hostile nations — including China — are spending tens of billions of dollars to develop quantum computers. And no wonder Ana Paula Assis, IBM’s Chairman of Europe, Middle East and Africa told the World Economic Forum that quantum computers will “create a cybersecurity Armageddon.”
At the same event, Jack Hidary, CEO of the tech company SandboxAQ, warned that a “train wreck” is unfolding because most businesses are unequipped to deal with the disruption that quantum computers will bring.
When that day comes, it won’t be pretty … because a Pandora’s Box of secrets will be exposed.
For you and me, it means our medical and financial records will become a matter of public record.
And it will be open season on our credit cards, debit cards and bank accounts. Your emails and texts will be an open book. Private and secure financial transactions over the Internet will be impossible.
For big corporations, it means customer lists, intellectual property, transaction data and more are all at risk. Corporate espionage will become a piece of cake. And any company that does business over the Internet will be dead in the water, unable to protect your credit card number or any other information you provide.
Threats To National Security
Then there’s the threat to our elections. How would you like China or Iran to hand-pick the president in 2028 or 2032? Currently, that’s a (quasi) rhetorical question. But with the advent of quantum computing, hacking elections on a massive scale becomes a very real concern.
For the U.S. government, a hostile nation with this “Master Key” technology is a national security nightmare.
Not only would it throw our electoral process into chaos; it could expose all manner of critical intelligence, military strategies, the names of covert operatives, the locations of our submarines and so forth.
Not to mention the havoc a hacker could wreak by tapping into Social Security and Medicare records… potentially redirecting payments or siphoning money right out of the Trust Funds.
Gil Herrera, the National Security Agency’s (NSA) Director of Research, made the issue clear in a public briefing he gave to the Intelligence and National Security Alliance back in March.
Herrera told the assembled intelligence experts that the NSA fears an unforeseen advance in quantum computing could dissolve cybersecurity practically overnight.
He even went as far as to suggest that sensitive communications related to nuclear weapons could be at risk. His biggest fear — one that could become a reality in our lifetimes — is that state-affiliated hackers could find themselves with ready access to critical information about U.S. weapons systems.
As Herrera bluntly put it, “If this black swan event happens, then we’re really screwed.”
Foreign Adversaries Are Already Hard at Work
The governments of Russia, North Korea and China are already utilizing massive cyberwarfare divisions. In fact, FBI Director Christopher Wray recently told the House of Representatives Select Committee on Competition with China that Chinese hackers backed by Beijing already make a habit of targeting US infrastructure.
They’ve gone after water treatment plants, the electric grid, oil and natural gas pipelines and transportation hubs.
Committee chairman Congressman Mike Gallagher (R-Wisconsin), a former Marine Corps intelligence officer, called the hacks, “the cyberspace equivalent of placing bombs on American bridges, water treatment facilities, and power plants.”
In FBI Director Wray’s view, it’s a clear sign that Red China is ready, able and willing to target civilians in the event of a conflict.
And sure enough, on the same day that Wray testified, U.S. officials announced that they had shut down a vast state-sponsored Chinese hack that was targeting that very infrastructure.
The bad news is future quantum hacks will happen so fast they’ll be virtually undetectable.
A Silent $620 Million Heist
Russia and North Korea have turned hacking into a cottage industry.
In fact, according to the FBI, the Lazarus group, a gang of North Korean hackers affiliated with the government, managed to steal $620 million in cryptocurrency from Axie Infinity, a video gaming company.
The North Korean state hackers came within a hair of stealing $1 billion from the central bank of Bangladesh. The heist was mostly thwarted — though the hackers did manage to transfer $81 million.
Despite that failure, the Lazarus Group has been astonishingly successful over the years. In fact, experts estimate that it has stolen at least $1.75 billion worth of cryptocurrency.
According to a U.N. report, the North Korean government relies on the money generated by these hacks to help fund its push to develop nuclear weapons.
However, they’re not just after money. North Korean hackers are also known to have targeted Google security researchers by exploiting a weakness in Windows and Google Chrome.
Russia Tries to Hack its Way to Victory Over Ukraine
Russia has its own group of hackers known as Sandworm. The group is affiliated with the country’s GRU military intelligence agency. In recent years, its primary mission has been to target Ukraine as part of its war on the country.
In 2022, Sandworm made a failed attempt to target Ukrainian power substations in a hack designed to cut electric power.
The failed hack followed on the heels of an earlier successful hack that cut power to about 250,000 people to part of Ukraine in 2015 and another smaller blackout in 2016.
Sandworm has also been blamed for a number of high-profile ransomware attacks in the U.S., the United Kingdom and the European Union.
What to Do When the World Goes Quantum
And keep in mind, all this and more is happening with traditional computers. Once quantum computers hit the mainstream, the number of hacks is likely to skyrocket.
Meanwhile, multiple countries hostile to the United States are spending tens of billions of dollars to develop and deploy quantum computers.
As a result, the U.S. government is already mobilizing to protect the government’s computers.
A flurry of reports and memorandums have poured forth from the White House, the NSA and the State Department warning that quantum computers are coming…
…they’re a threat to the cryptography we rely on to secure critical data…
…and government agencies must move immediately to secure their computers with quantum resistant algorithms.
On top of that, President Biden recently signed the Quantum Cybersecurity Preparedness Act. The Act makes it law for federal agencies to adopt the technology needed to protect against attacks from quantum computers.
The Bill passed the House on a voice vote and passed the Senate by unanimous consent — which indicates that both Republicans and Democrats are on-board with taking fast action to protect our data from quantum attacks.
According to Senator Maggie Hassan (D-NH), who co-sponsored the bill, “To strengthen our national security, it is essential that we address potential vulnerabilities in our cybersecurity systems, including new threats presented by quantum computing.
“This law will help ensure that our federal government is ready to defend our country against data breaches that could be exploited by quantum computing.”
The solution to all this, according to former NSA Director General Paul Nakasone, “is to implement quantum-resistant cryptography.”
That’s the very service Scope Technologies Corp. already offers to businesses and governments alike. And the protection provided by Scope Technologies’ services is the key reason why I’m so excited about this company.
Scope Technologies Corp.
(CSE: SCPE | OTCQB: SCPCF)
Companies and Governments are Spending a Small Fortune to Protect Themselves From Hackers, Creating a $2 Trillion Market
That’s trillion with a “T.” And it’s four times what cyberattacks cost businesses and governments in 2015.
It’s no wonder the cost is rising so rapidly. A recent survey by the Ponemon Institute reveals that organizations with more than 5,000 employees have experienced a significant increase in the number of data breaches and security incidents.
In fact, 61% of those responding to the survey said they had experienced a data breach or cybersecurity incident within the past two years.
An astonishing 55% said they have experienced four or more incidents in the same timeframe.
Frightened Companies Have Created a Fast-Growing Market
As a result, companies are opening their checkbooks to spend on cybersecurity. In fact, research by the consulting firm McKinsey & Company reveals that the market is growing by 12.4% a year and will soon be worth $1.5 trillion to $2 trillion annually.
That’s at least 10 times the $150 billion spent on cybersecurity in 2021.
This gives Scope Technologies Corp. (OTCQB: SCPCF; CSE: SCPE) a significant market to pursue.
One of the fastest growing markets will be small and mid-size organizations that are being increasingly targeted by hackers.
These companies are typically unsophisticated in their cyber security, often fail to update to the latest software versions to plug security holes, don’t have proper backups, and make excellent targets for hackers.
Worse yet, a breach that might be little more than an inconvenience at a Fortune 500 company can put a smaller company out of business.
For example, a midsize steel structure manufacturer in Texas was victimized by a ransomware attack. Hackers encrypted the company’s accounting and tooling software and demanded a ransom to provide the decryption key.
The company was unable to pay the ransom and wound up going bankrupt as a result.
Bottom line: Countless businesses of all kinds are unprepared for a conventional cyberattack, let alone one launched with a quantum computer.
And that’s good news for Scope Technologies Corp. (OTCQB: SCPCF; CSE: SCPE) and its investors as organizations of all shapes and sizes go on the hunt to get the protection they need.
Scope has exactly what they need to protect themselves, which brings us to…
Scope Technologies Corp.
(CSE: SCPE | OTCQB: SCPCF)
Scope Technologies Corp is Ready NOW with Quantum-Resilient Encryption Keys for Securing Data
You may be surprised to hear that when a computer generates a “random” number, it’s actually only “pseudo-random.”
In other words, it only appears to be random. That’s because it’s actually the result of a mathematical formula that’s programmed to generate the number… thus, because it’s based on pre-programmed parameters, it’s not truly random and given the right parameters can actually be re-generated.
When it comes to protecting data in the current cybersecurity environment, this makes very little difference for the most part — unless someone is extremely careless when it comes to creating passwords.
As I mentioned earlier, a 12-character password with one uppercase letter, one number and one symbol is generally sufficient, though the longer and more random the password, the better.
Longer, more complicated passwords may take a little more time, but we’re talking minutes or hours instead of centuries.
Every Password in the World Needs to be Replaced NOW
And that makes it critical that every important piece of data in the world, including data you transmit while buying something on the internet, be encrypted with a lengthy and powerful key that is random and 100% unpredictable.
To do this, companies need a system for generating a stream of unpredictable and truly random alphanumeric passwords. And they need it now.
In cybersecurity circles, this random stream is called “entropy.” And the more entropy you have in your password, the more secure it is.
For example, using “password123” is low entropy and easily cracked even by a simple computer.
However, a 1,000 character password which can be generated by Scope Technologies’ platform in just seconds — is high entropy because it’s lengthy and completely random.
These are the kinds of passwords needed to maximize a company’s protection against the immense power of quantum computers. Nothing else will suffice.
Even mighty quantum computers have no hope of breaking those passwords, which means the data is likely to be safe for decades or perhaps even centuries to come.
Quantum Proof Passwords With The Click of a Button
As I mentioned earlier, the company’s Chief Technical Officer, Sean Prescott, has developed a powerful platform that generates these high-entropy, quantum resistant passwords.
And generating the password takes less than a second.
Better yet, the passwords it generates meet or exceed the quantum-resistant standards recently set by the National Institute of Standards and Technology (NIST).
Scope Technologies Corp. (OTCQB: SCPCF; CSE: SCPE) calls it “Quantum Entropy as a Service” (QEaaS), and the platform allows clients to generate and use quantum resilient entropy directly from Scope’s specialized servers.
Clients simply select how large they want the key to be, click a button and the key is generated in less than a second.
Better yet — and this is critical — Scope Technologies’ QEaaS can be implemented without what IT professionals call “rip and replace.”
This means that companies won’t have to do costly upgrades to their existing computer systems to take advantage of quantum-proof encryption.
This is a major selling point for the company that’s almost certain to benefit the bottom line. Though the company has other service offerings, in my opinion this service is a true “blue sky.”
With the quantum menace already starting to make headlines, we fully expect smart companies to look to Scope Technologies to start protecting their most critical data. And that could be good news for the company and its investors.
Scope Technologies Corp.
(CSE: SCPE | OTCQB: SCPCF)
Scope Technologies Diversified Product Offerings Provide Multiple Revenue Streams
And that’s not all the company offers its customers. For clients who want to store data in the cloud, Scope Technologies Corp. (OTCQB: SCPCF; CSE: SCPE) offers Quantum Proof Cloud Storage.
It works just like Google Drive, Apple’s iCloud and Microsoft’s OneDrive. However, it’s 100% quantum-proof … secured by quantum-proof keys that no hacker on earth can crack now or in the future.
It also works great as back-up for clients concerned about ransomware attacks. Such attacks are usually — though not always — the result of an employee or employees downloading an email attachment that contains malware.
This malware then encrypts some or all of the user’s files with a password known only to the hacker. Obtaining the password requires the payment of a ransom, usually in Bitcoin.
If a client regularly backs up its data to Scope Technologies’ Quantum Proof Cloud Storage, that data will be protected not only from quantum computer attacks, but from ransomware attacks as well simply because the malware won’t be able to crack the key protecting the data.
And, while I’m most excited about Scope Technologies Corp. (OTCQB: SCPCF; CSE: SCPE).
quantum-proof encryption tools, the company also has a division that helps companies use AI to improve their advertising efforts and to help gaming companies improve their games.
The company’s predictive GEM AI software helps clients discover what the sales results will be from different ads, layouts and images without them having to spend a small fortune testing a variety of different approaches.
Essentially, the AI looks at how people behave and uses that information to make a client’s ads more personal.
This helps them better connect with their prospects and customers, and thus create more effective advertising campaigns
It also has the amazing ability to predict changes in customer behavior.
The AI can also be used to enhance computer games. It makes non-player characters more intelligent by learning from the behavior of human players. The AI can also create game content, including levels, maps, characters and items.
This helps keep gameplay fresh and exciting for gamers — which is critical to keeping them re-engaging with this $184.4 billion global market.
The Quantum Proof Cloud Storage to protect a client’s critical data and the GEM AI software provides a diversified income stream for Scope Technologies Corp. (OTCQB: SCPCF; CSE: SCPE), which is a major factor I consider when making recommendations to my subscribers.
These services could be an easy sell to companies that are already taking advantage of the company’s encryption services.
Introducing the Management Team of Scope Technologies Corp.
(CSE: SCPE | OTCQB: SCPCF)
James Young, CEO
Jim is a seasoned entrepreneur and executive with more than 25 years of experience in Sales Management, Team Building, and Operations leadership across a number of industries including telecom, print publishing, digital publishing, digital advertising and software development.
Some of his career highlights include Director of Operations at the largest call center in Western Canada from 1998 to 2005.
From there he went on to found, operate, and successfully exit a call center that served some of the largest newspaper publishers in North America.
Jim next took on the role of Director of Operations for NativeAds.com. He built and led the company’s ad network as it grew to serve approximately 10 billion ad requests per day.
Jim’s entrepreneurial spirit shone through again when he founded and successfully exited Market Jar Media Inc., a digital publishing house.
Sean Prescott, Chief Technical Officer:
Sean is the computer genius behind Scope Technologies Corp’s technology platform, including the software which generates quantum-proof encryption keys and passwords.
Sean has long history history of developing and launching tech-innovations which range from real-time end-to-end quantum-resilient communication encryption frameworks and high-performance/high-security order and payment routing systems, to sophisticated artificial intelligence and machine learning frameworks.
Sean was born and raised in Zurich, Switzerland and has more than two decades of experience in the enterprise information technology and banking industry where he has established a wide range of complex project knowledge as a CTO, program manager, software engineer, contractor, consultant, and security analyst. He also worked at Switzerland’s Federal Intelligence Service — widely known as “Switzerland’s NSA.”
Alan Tam - CFO & Director
Alan Tam is a senior executive involved with structuring, planning and execution of IPOs, RTOs and CPCs. Mr. Tam, with over 20 years of experience, has been involved in financing, operations, corporate services, mergers and acquisitions, and investor relations for multiple public companies in the past 10 years.
Sources
- Source 1: https://www.theinvestmentjournal.com/scopetechnologies/?utm_campaign=scpcf_drct_by&utm_medium=social&utm_source=investingchannel&utm_term=social&utm_content=scpcf_ir_tech
- Source 2: https://www.scopetechnologies.io/team
- Source 3: https://www.scopetechnologies.io/investors#presentation
- Source 4: https://www.scopetechnologies.io/products-qse
- Source 5: https://www.ibm.com/topics/quantum-cryptography
- Source 6: https://www.scopetechnologies.io/
- Source 7: https://www.scopetechnologies.io/products-gem
- Source 8: https://finance.yahoo.com/quote/SCPCF/
- Source 9: https://www.scopetechnologies.io/news
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