Diamond-based devices could help IT managers detect network snooping and prevent information theft as anti-eavesdropping technology from the University of Melbourne gets venture funding.The technology, based on quantum cryptography, uses a diamond to produce a single photon of light to stop information being intercepted, according to Dr. Shane Huntington, University of Melbourne scientist and CEO of Quantum Communications Victoria (QCV).The QCV program within the university’s School of Physics has secured a $9 million Australian (US$7 million) deal with a consortium of quantum communication production and commercialization companies, including MaqiQ Technologies, Japan, Qucor, Sydney, and California-based SGI.“Eavesdropping is a global problem which causes huge financial losses for security agencies [so] there is a critical need for Australia to keep up with the rest of the world in Internet security,” Huntington said. Existing communications systems are not foolproof because hackers or eavesdroppers can extract information from optical links without users being aware of it, he added. First-generation products will be for very secure transmission of secure datasets, like a bank’s daily off-site backup, but could serve the commodity networking market in about 20 years, Huntington said. It’s a low transfer rate, but the idea is not to send data [this way] but the encryption key, so you don’t need the same transfer rate. One of the consortium’s goals is to enhance that as much as possible. If you can securely transfer the key you can transfer the rest of that data over a standard telecom line, he said.“We hope to have a prototype within three years,” Huntington said. “It’s not a stronger form of encoding, it’s a new paradigm, so if someone steals the information you definitely know it’s happened. If you’re sending one photon at a time and one goes missing, you know it.” Huntington said the nascent industry already exists in the United States and Europe, but commercial systems available today don’t send one photon at a time – “they approximate it.”“The technology we’re developing is a true source of these single photons; [others] use a laser and put it through a filter so there is approximately one,” he said.This is achieved by “growing” diamonds, which are “usually cleaner” than the mined gems, in QCV’s lab. The synthetic diamonds have a defect which is the source of the single photon.The program began after QCV was awarded A$3.3 million as part of a grant from Victoria’s Department of Innovation Industry and Regional Development to develop the technology. A further A$480,000 from the federal Department of Education Science and Training was recently awarded to help QCV find infrared sources of single photons appropriate for international telecommunications networks.Keep checking in at our Security Feed page, or subscribe via RSS, for updated news coverage.By Rodney Gedda, Computerworld Today (Australia) Related content news UK Cyber Security Council CEO reflects on a year of progress Professor Simon Hepburn sits down with broadcaster ITN to discuss Council’s work around cybersecurity professional standards, careers and learning, and outreach and diversity. By Michael Hill Sep 27, 2023 3 mins Government Government Government news FIDO Alliance certifies security of edge nodes, IoT devices Certification demonstrates that products are at low risk of cyberthreats and will interoperate securely. By Michael Hill Sep 27, 2023 3 mins Certifications Internet Security Security Hardware news analysis Web app, API attacks surge as cybercriminals target financial services The financial services sector has also experienced an increase in Layer 3 and Layer 4 DDoS attacks. By Michael Hill Sep 27, 2023 6 mins Financial Services Industry Cyberattacks Application Security news Immersive Labs adds custom 'workforce exercising' for each organizational role With the new workforce exercising capability, CISOs will be able to see each role’s cybersecurity readiness, risk areas, and exercise progress. By Shweta Sharma Sep 27, 2023 3 mins Security Software Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe