Secure AI removes the vulnerability of data
leaks during computation: Lorica delivers commercial products to
address the coming "quantum event horizon"
TORONTO,
June 24,
2024 /CNW/ - Lorica Cybersecurity, the leader in
private artificial intelligence (AI) and a B2B software company
that specializes in a new form of encryption technology, today
announced the launch of Secure AI, a breakthrough solution
that enables AI data processing without compromising privacy or
security. With encryption from start to finish, organizations can
now fully leverage AI to extract insights from sensitive data sets
and collaborate in key fields such as medical research without the
risk of data exposure while at rest, in transit and in use.
Data at rest is stored on a device or system;
data in transit is moving between devices or networks, like
downloads or sending emails; and data in use is actively being
processed or accessed by a system or application. Secure AI
changes everything because current systems can only protect
information at rest or in transit, but Secure AI allows for
the encryption and protection of user data and inferences
throughout the data lifecycle.
This means Secure AI can, for example,
analyze medical records and sensitive health data, including
patient information, genomics, and clinical trial results, while
maintaining strict confidentiality at all times. For the financial
services industry, Secure AI can help institutions protect
user data during transactions and identify fraud and
anti-money laundering threats. This combination allows for enhanced
data security and improved monitoring capabilities to combat
illicit financial activities.
Secure AI also addresses the security
implications of advancing technologies such as quantum computing.
While quantum computing has the potential to solve complex problems
at an unprecedented speed and scale, revolutionizing industries
such as AI, finance, and drug discovery, that same speed and scale
can be applied to the calculations needed to defeat encryption.
This is a direct threat to current security methods.
"The looming 'quantum event horizon' poses an
existential threat to existing encryption standards, as the speed
and capacity of quantum processing render many current commercially
important encryption methods breakable," says Glenn Gulak, Lorica Co-Founder. "This critical
juncture demands a game-changing solution, and no other offering on
the market today matches Lorica's ability to enhance AI
capabilities while ensuring complete privacy and security."
Industry Veterans Join Lorica in Leadership
Positions
Along with the launch of Secure AI, Lorica
also announced several high-profile additions to its leadership
team and advisory board. Former FreshBooks President
Mark Girvan takes over as CEO.
Leslie Rechan, former President
& CEO of Halogen and Solace, comes aboard as Executive
Chair.
The company's new advisory board is also
comprised of renowned industry veterans and experts across
cybersecurity and AI:
- Saad Saade, Vice President, IT
Labour Strategy, Contract Strategy, Bell
Canada
- Bjorn Austraat, CEO and Founder, Kinetic Cognition
- Porter Shomo, Former Regional
Vice President, Alteryx
- Chris Peikert, Professor of
Computer Science and Engineering at the University of Michigan Ann Arbor
"Joining Lorica at this pivotal time presents a
once-in-a-generation chance to have a profound impact on the future
of data security," says Mark Girvan,
CEO, Lorica Cybersecurity. "Organizations want to leverage the full
potential of AI to drive innovation and growth, but they've been
constrained by legitimate data privacy concerns and
vulnerabilities. We're proud to remove the roadblocks to safely
adopting AI to solve humanity's greatest challenges, enabling
unprecedented collaboration in healthcare, national security and
financial innovation.
Recent investments by the Canadian government in
advancing quantum computing technology and efforts in the United States to transition to
post-quantum cryptography underscore the critical need to bolster
this nation's competitive edge in quantum information science while
safeguarding against potential cyber, economic, and national
security risks posed by quantum computers. Lorica's Secure
AI solution emerges as a cutting-edge development poised to
revolutionize data security in this evolving landscape.
A Leader in Advanced Privacy-Enhancing
Technologies
Secure AI is the latest offering by
Lorica Cybersecurity. The company's Private Pursuitâ„¢ platform,
installed on standard enterprise-grade servers, is a pioneering
solution designed to empower organizations with comprehensive
cybersecurity capabilities. This innovative platform offers
advanced threat detection, proactive risk management, and robust
data protection, delivering quantum safe security that none of the
so-called "end-to-end encrypted" products advertised today achieve.
With its user-friendly interface and customizable features, Lorica
products are designed to be easy to use by practitioners and data
science teams, and no prior knowledge of cryptography is
required.
Lorica is focused on privacy enhancing
technologies (PET) and fully homomorphic encryption (FHE). With a
team of leading cryptography experts, Lorica has spent the last
five years engineering proprietary high-performance FHE
technology.
For more information, please
visit www.loricacyber.com.
About Lorica Cybersecurity:
Lorica makes private AI possible through end-to-end encrypted data
processing. Its Secure AI solution allows organizations to
enhance AI capabilities without compromising privacy or security.
Lorica's cutting-edge Private Pursuitâ„¢ platform enables
organizations and their partners to execute confidential AI
inference and database searches in any compute environment to
protect sensitive customer, client or citizen data. Learn more
at www.loricacyber.com.
SOURCE Lorica Cybersecurity Inc.