Honeywell Leverages Quantum Computing Encryption Keys To Bolster Utilities' Data Security Against Cyber Threats
Portfolio Pulse from Happy Mohamed
Honeywell (NASDAQ:HON) has become the first company to integrate quantum-computing-hardened encryption keys into smart utility meters, using Quantinuum's Quantum Origin technology. This move is aimed at enhancing data security against advanced cybersecurity threats in the utilities sector. The technology is currently available to customers in North America and Europe.
September 07, 2023 | 12:14 pm
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Honeywell's integration of quantum-hardened encryption keys into smart utility meters could enhance its reputation in the utilities sector and potentially increase demand for its products.
Honeywell's move to integrate advanced encryption technology into its smart meters is a significant step in enhancing data security in the utilities sector. This could potentially increase the demand for Honeywell's products, as utilities companies seek to protect their infrastructure from cyber threats. Therefore, this development could have a positive impact on Honeywell's stock in the short term.
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