Telefonica, IBM Join Forces to Develop Quantum-Safe Security Solutions

Telefonica, S.A. TEF recently inked an agreement with International Business Machines Corporation IBM to engineer robust security solutions that safeguard businesses and public institutions from the risks of a post-quantum world.The rise of quantum computing promises unprecedented computational power, enabling more advanced calculations. However, it presents a significant challenge: safeguarding data security in a world where conventional encryption methods may become obsolete. Although cryptographically relevant quantum computers do not yet exist, sensitive data is already at risk of being collected by cybercriminals for potential decryption in the future.IBM has created quantum-safe enterprise software to tackle future security risks. IBM Guardium Quantum Safe, part of IBM Guardium Data Security Center, aids organizations in managing cryptography, fixing vulnerabilities and strengthening security. It also includes IBM Guardium Key Lifecycle Manager for secure, scalable encryption key management. IBM Quantum Safe Explorer and IBM Quantum Safe Remediator help identify cryptographic vulnerabilities, test quantum-safe algorithms and set up quantum-safe proxies.These solutions aim to safeguard organizations' critical data from quantum decryption threats by using new quantum-safe cryptography standards set by NIST. IBM co-developed two of the three published post-quantum cryptography standards, enhancing data security for the quantum era.What the TEF-IBM Partnership Brings to the TablePer the collaboration, TEF will integrate IBM’s quantum-safe technology into its cybersecurity services. By leveraging IBM’s expertise in quantum-safe cryptography, Telefónica Tech aims to help businesses and public organizations transition to secure encryption standards that can withstand quantum computing threats. The agreement includes establishing a joint use case office to focus on communications encryption, adapting to new secure algorithms and protecting critical environments.IBM's infrastructure has been installed at Telefonica's headquarters in Distrito Telefonica, Madrid, to support business growth. Designed for security and resilience, it helps protect against post-quantum threats. This includes an IBM LinuxONE system with end-to-end encryption using quantum-safe cryptography, IBM Storage technology and advanced tools for securing master and operational keys.By combining Telefonica’s cybersecurity capabilities with IBM’s expertise in quantum-safe cryptography, businesses and public organizations can proactively protect their critical data and stay ahead of potential threats.Telefonica SA Price and Consensus Telefonica SA price-consensus-chart | Telefonica SA QuoteTelefonica’s innovative initiatives to reshape the cybersecurity landscape augur well for the company’s prospects. In November 2024, TEF partnered with the Greater Miami Chamber of Commerce to elevate the latter’s cybersecurity framework. Its comprehensive suite of cybersecurity services aims to empower the Chamber with unparalleled protection while enabling it to focus on its core mission of driving business growth and development in Miami.In December 2024, Telefonica and CrowdStrike joined forces to offer SMBs in Spain advanced cybersecurity through the "Tu Empresa Segura" service. The partnership provides top-level protection with CrowdStrike Falcon's endpoint security and Managed Detection and Response services to prevent cyber breaches. The company aims to optimize value creation by prioritizing investment in its core operations. Its operating model is likely to accelerate the digitization of the Group’s operations.TEF’s Zacks Rank & Stock Price PerformanceTEF currently carries a Zacks Rank #3 (Hold). Shares of the company have declined 0.2% in the past year compared with the industry’s fall of 16.3%.Image Source: Zacks Investment ResearchStocks to ConsiderSome better-ranked stocks from the broader technology space are Ubiquiti Inc. UI and Qualcomm Incorporated QCOM. QCOM & UI carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1(Strong Buy) Rank stocks here.Qualcomm is well-positioned to meet its long-term revenue targets driven by solid 5G traction, greater visibility and a diversified revenue stream. It is increasingly focusing on the seamless transition from a wireless communications firm for the mobile industry to a connected processor company for the intelligent edge.Ubiquiti’s effective management of its strong global network of more than 100 distributors and master resellers improved its visibility for future demand and inventory management techniques. In the last reported quarter, Ubiquiti delivered an earnings surprise of 20.9%. Its highly flexible global business model enables it to adapt to the changing market dynamics to overcome challenges while maximizing growth.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QUALCOMM Incorporated (QCOM): Free Stock Analysis Report International Business Machines Corporation (IBM): Free Stock Analysis Report Telefonica SA (TEF): Free Stock Analysis Report Ubiquiti Inc. (UI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks