Considering the fact that the world is only going to get even more connected owing to the internet, the demand for cyber security is also going to continue to rise. The sector is expected to grow in the coming years, and that brings us to the subject of Quantum eMotion Corp. (OTC:QNCCF), which came into focus yesterday. Yesterday, it emerged that the company had entered into a major partnership with CSR5 Global Inc. aimed at bringing about a paradigm shift in the world of cyber security.
In the news release, it was noted that the collaboration would make Quantum eMotion Corp. the exclusive provider of cloud-based security solutions and advanced post-quantum cryptography to CSR5. It was also noted that the collaboration was a major leap forward in the shared commitment of the two companies to cutting down on cyber risks through resilience, response, and recovery capacities.
Quantum eMotion Corp. is one of the biggest players in the path-breaking quantum-based security solutions development space and could be regarded as a source of hope in a world in which cyber threats have grown increasingly complex. Thanks to the latest partnership, the company’s advanced technology would become one of the most important constituents of the comprehensive security solutions from CSR5, which had been developed for the express purpose of tackling the cyber threats of the modern age.
The Chief Executive Officer of the company, Francis Bellido, spoke about the latest development yesterday. He noted that in 2024, cyber crimes were estimated to lead to financial losses to the tune of a staggering $600 billion. Regular cyber security may remain essential but is often not equipped to meet the challenges of modern cyber criminals, leaving businesses vulnerable to such attacks, which can lead to financial catastrophes, he added.
 Stock In Focus After Partnership With CSR5 GLOBAL to Revolutionize Cybersecurity){kind=link}