HSBC Turns to Quantum Essential Distribution for Enhanced Data Security, Explores New Cyber Defense Strategies
Portfolio Pulse from Anusuya Lahiri
HSBC Holdings is testing an advanced data-security system run by BT Group, Amazon's AWS cloud, and Toshiba Corp. The quantum essential distribution type of cyber defense could help protect trillions of dollars of transactions from hackers. The trial involves the bank sending test data between its headquarters and a data center. In 2022, JP Morgan Chase acknowledged demonstrating the ability of the newly developed QKD network to instantly detect and defend against eavesdroppers.
July 05, 2023 | 11:51 am
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NEUTRAL IMPACT
Amazon's AWS cloud is part of the data-security system being tested by HSBC.
Amazon's AWS is involved in the project, but it's unclear how significant this is for the company overall.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
BT Group is involved in the data-security system being tested by HSBC.
BT Group's involvement in the project is mentioned, but its impact on the company's stock is uncertain.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
HSBC is testing a new data-security system which could enhance its cyber defense capabilities.
The news is directly related to HSBC and its efforts to improve its data security. However, it's unclear how this will impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
JP Morgan Chase has previously demonstrated the ability of the QKD network to detect and defend against eavesdroppers.
JP Morgan's involvement in a similar project is mentioned, but its impact on the company's stock is uncertain.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Toshiba Corp is part of the data-security system being tested by HSBC.
Toshiba's involvement in the project is mentioned, but its impact on the company's stock is uncertain.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Toshiba Corp is part of the data-security system being tested by HSBC.
Toshiba's involvement in the project is mentioned, but its impact on the company's stock is uncertain.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50