Emerging encryption algorithms promise to set new standards in cybersecurity

The cybersecurity bull market has produced an alphabetical soup of software solutions defined primarily by highly regarded vendors – XDR, MDR, EDR, SASE, and ASOC, among others (see our annual information security report to spell them).

As financial markets cool and give less credit to the flavor of the month, we think it’s time to focus on the timeless security technique of encryption.

While the internet has relied on strong encryption standards since the 1990s, the proliferation of crippling ransomware warns that the backbone of cybersecurity needs to be strengthened.

Standards development produced an emerging standard for passwordless authentication with FIDO2’s WebAuthn protocol in 2019 and a post-quantum cryptography standard expected to be finalized in 2024.

Beyond these authoritative standards, academic research and startup innovation in privacy-enhanced computing are beginning to yield promising technology acquisitions.

We believe that these developments go in the direction of a long-term standardization.

Our analyst note maps the categories and startups driving these new standards. Download them here: Specifying the future of encryption algorithms

Please feel free to contact us to discuss any of these topics in more detail.

Sharon D. Cole