Quantum Xchange Named to the Global CyberTech100 List for 2020

BETHESDA, Md., June 2, 2020 /PRNewswire-PRWeb/ -- Quantum Xchange, a leader in crypto-agile, quantum-safe products and services, today announced it has been named to the CyberTech 100 list. The annual list is part of a series of studies produced by the data and research firm, FinTech Global, that helps executives in financial services sort through the noise to locate technology vendors that are most likely to have a lasting impact on the industry.

Financial services firms are increasingly moving towards digital operations and expanding their security budgets year over year. FinTech Global data shows investment in cyber technologies by financial institutions has grown 14x since 2014 to reach $3.4bn last year. Given the rise in appetite for the sector, the CyberTech100 was produced to identify the 100 innovative companies that every financial institution needs to know about when they consider and develop their information security and financial crime fighting strategies.

The standout companies were chosen by a panel of industry experts and analysts who reviewed more than 1,000 technology companies. The solution providers making the final list were recognized for their innovative use of technology to solve a significant industry problem or ability to generate cost savings, or efficiency improvements, across the security value chain.

"Established financial institutions need to be aware of the latest security technology in the market to protect their organizations from data leaks and cyber-attacks," said Richard Sachar, Director at FinTech Global. "The CyberTech100 list helps senior management filter through all the vendors in the market by highlighting the leading companies in sectors such as Threat Management, Data Governance, Cloud Security, Employee Risk and Fraud Prevention.

A full list of the CyberTech100 can be found at http://www.CyberTech100.com.

About Quantum Xchange
Quantum Xchange gives commercial enterprises and government agencies the ultimate solution for secure communications. Its complete key management system, Phio Trusted Xchange (TX), is uniquely capable of making existing encryption keys quantum safe and supports both post-quantum crypto (PQC) and Quantum Key Distribution (QKD) for true crypto agility and quantum readiness. As the operator of the first quantum fiber network in the U.S., Quantum Xchange also holds the unique distinction of being the only company in the world to make QKD commercially viable by solving the distance and delivery limitations inherent with all other offerings. With a dynamic security infrastructure in place, organizations can enhance their existing encryption environment, select the level of protection needed based on their risk tolerance, and seamlessly scale to QKD at any time, across any distance, between multiple transmission points. To learn more about being quantum safe today and quantum ready for tomorrow's threats, visit QuantumXC.com or follow us on Twitter @Quantum_Xchange.

SOURCE Quantum Xchange