Quantum encryption against cyberattacks in Japan

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A group of Japanese firms said on Monday that they are launching the country’s first study of quantum cryptography (encryption) in an effort to increase the security of stock trading. The group emphasized that quantum encryption is in theory impossible for third parties to crack.

Collaboration has been initiated by Toshiba, NEC Corp and Nomura Holdings on “quantum encryption”, which is theoretically impossible to break against cyber attacks and increasing threats against financial institutions.

The group has expressed hope that the quantum encryption technology will be used in stock trading in a few years.

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