Issued on behalf of Scope Technologies Corp.
VANCOUVER – Baystreet.ca News Commentary — Cloud security incidents struck 83% of organizations in the past 18 months, with 45% of all data breaches now occurring in cloud environments and each incident carrying an average cost of $4.35 million[1]. As quantum computing advances threaten to render current encryption obsolete by 2026[2], enterprises face a dual crisis requiring immediate infrastructure hardening, pushing demand toward advanced protection platforms from Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), Calix, Inc. (NYSE: CALX), AvePoint, Inc. (NASDAQ: AVPT), Commvault Systems, Inc. (NASDAQ: CVLT), and Tenable Holdings, Inc. (NASDAQ: TENB).
Industry analysis reveals that approximately 11 publicly disclosed breaches occur daily, with 82% of 2023 data breaches involving cloud-stored information and organizations facing an average of 2,300 cyberattacks weekly[3]. Security experts warn that harvest now decrypt later attacks are already underway, as threat actors stockpile encrypted data to crack once quantum technology matures, while 73% of U.S. organizations believe cybercriminals using quantum decryption tools are inevitable[4].
Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) announced a corporate rebrand to QSE – Quantum Secure Encryption Corp., with the company transitioning its ticker symbol to QSE on the Canadian Securities Exchange, subject to regulatory acceptance. The rebrand aligns the company's corporate identity directly with its core focus on developing quantum-secure data protection solutions for the post-quantum era. Shareholders will not be required to exchange existing certificates, and the name change does not affect share structure or shareholder rights. The company will begin transitioning all corporate materials, communications, and branding to the new identity in the coming weeks.
"This rebrand reflects who we are and where we're going," said Ted Carefoot, CEO of Scope Technologies Corp. "As our technologies and partnerships continue to grow, we want our corporate identity to clearly reflect our leadership in quantum security and encryption. 'QSE' defines that focus perfectly."
The rebrand follows Scope's strategic partnership with Urban Defense Tactics (UDT), a security and infrastructure consultancy serving enterprise, gaming, and financial organizations across the Asia Pacific region. The partnership immediately extends the company's presence into Cambodia and Hong Kong, beginning with an anchor deployment for multiple Cambodian clients. This installation establishes a reference site that UDT will leverage across its broader customer base, supporting potential follow-on projects within the region's casino, banking, and financial-services sectors. As part of the collaboration, Scope will co-architect UDT's planned Level-3 data centre, integrating post-quantum cryptography and Quantum Random Number Generator technology directly into the facility's core design.
Earlier in November, Scope achieved Level 2 Certification under the CyberSecure Canada program administered by Cyber Security Canada and recognized by the Standards Council of Canada. Building on its Level 1 certification earned in September 2025, this milestone validates that the company has implemented and verified advanced cybersecurity controls, risk-management processes, and governance frameworks. The certification enables Scope to engage government stakeholders at all clearance classification levels, including Secret Level on cybersecurity-related projects.
The company's QSE Group division signed a value-added distributor agreement with Enzo Plus, a regional technology provider operating in Malaysia and Singapore. Through this partnership, Enzo Plus will represent quantum-resilient data protection technologies across more than 300 channel partners and system integrators throughout Southeast Asia. Late in October, Scope released QSE.API, the first publicly accessible interface delivering quantum-secure entropy to developers and enterprise security architects.
The company strategically acquired Cloud Codes for CAD $1.78 million, bringing established SSO infrastructure and revenue-generating capabilities into the ecosystem. Market positioning appears compelling as the global SSO market is projected to exceed US$6 billion by 2032, while the post-quantum cryptography market is expected to reach $17.69 billion by 2034. Earlier this year, the company secured expansion capital through a C$2.8 million financing round backed by institutional investors.
Article Sources: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/
Calix, Inc. (NYSE: CALX) has empowered CoastConnect, a southern Mississippi electric cooperative, to accelerate their AI-ready transformation by achieving 60 percent app adoption, 20 percent subscriber acquisition growth, and reaching 20 percent of first-year SmartBiz goals within weeks through deep engagement with the Calix Broadband Platform and Success organization. The broadband service provider also completed 53 Calix University courses to prepare its workforce for AI-enabled operations, while exceeding security-focused managed service adoption 140 percent past target.
"In today's broadband market, speed and price are no longer differentiators—they're table stakes," said John Durocher, COO of Calix. "With AI advancing rapidly, broadband leaders already have the data to make business transformation faster and easier. The real opportunity is using data to deliver unique, value-rich experiences that transform how subscribers live, learn, work, and play."
CoastConnect is now re-engaging the Smart Start for Managed Services program to support a milestone SmartTown deployment that will deliver secure community-wide Wi-Fi across southern Mississippi. The partnership establishes a foundation for CoastConnect to benefit from the next evolution of the Calix Platform, including the Calix Agent Workforce and AI-driven operations that improve efficiency and accelerate market expansion.
AvePoint, Inc. (NASDAQ: AVPT) has launched AgentPulse Command Center, an AI agent registry that enables organizations to track AI agents in one place and increase security as 75 percent of organizations using AI experienced a data breach in the last year according to AvePoint's research. The solution addresses Gartner's prediction that 40 percent of agentic AI projects could be abandoned by the end of 2027 due to inadequate risk controls, giving organizations comprehensive visibility into the security posture of agentic AI tools including which AI agents are most active, who is using them, and what sensitive files they can access.
"As organizations rapidly deploy AI agents to drive productivity, they're discovering that these powerful tools introduce significant security and data governance challenges that legacy IT controls weren't designed to address," said Jeremy Thake, Chief Architect of AvePoint. "As part of the Confidence Platform, AgentPulse delivers comprehensive visibility so IT and security teams can confidently scale agentic AI and further innovation, without compromising data security or racking up extra costs."
AgentPulse is designed to address the growing financial expense associated with AI agents by highlighting high activity AI agents that may be driving unexpected charges, allowing organizations to review, adjust, or remove unnecessary AI agents. The solution is available in private preview and expands AvePoint's agentic AI governance capabilities across multiple AI agent types including Microsoft 365 Agents Toolkit, Microsoft 365 Copilot Studio, SharePoint, Azure AI Foundry, and more.
Commvault Systems, Inc. (NASDAQ: CVLT) is showcasing its cyber resilience and recovery solutions at Microsoft Ignite taking place November 18-20 in San Francisco, where the company will demonstrate its complete cyber resilience platform including Cloud Rewind, Air Gap Protect, and Cleanroom Recovery designed to protect mission critical data and workloads at the speed and scale of AI-aided cyber threats. Senior Director of Portfolio Marketing Michael Fasulo will join leaders from University of Illinois Chicago and Microsoft on November 20 at 1:00pm for a session on improving readiness to recover when cyberattacks strike.
The company's unified resilience platform addresses the constantly evolving threat landscape by unifying data security, identity resilience, and cyber recovery on one cloud-native, AI-enabled platform purpose-built for the agentic enterprise. Commvault will also host SHIFT Virtual 2025 on November 19, where attendees can hear from executives and industry experts on the latest AI trends and learn about the company's latest offerings designed to enable organizations to safely embrace AI while protecting against AI-driven threats.
Tenable Holdings, Inc. (NASDAQ: TENB) has been named a Leader in the first-ever 2025 Gartner Magic Quadrant for Exposure Assessment Platforms, positioned highest for Ability to Execute and furthest to the right for Completeness of Vision. The company was also positioned as a Leader in both the IDC MarketScape: Worldwide Exposure Management 2025 Vendor Assessment and The Forrester Wave: Unified Vulnerability Management, Q3 2025, with more than 44,000 organizations trusting the Tenable One Exposure Management Platform to deliver the most complete view of risk across the modern attack surface including AI, cloud, IT, identity, third party, web apps, and OT.
"To us, being named a Leader in the very first Gartner Magic Quadrant for Exposure Assessment Platforms is a huge stamp of approval for the approach we've taken to identify attack surface changes and proactively provide our customers with ways to monitor and close exposures in their environments," said Mark Thurmond, Co-CEO of Tenable. "We knew that just reacting to cybersecurity threats wasn't enough. Our whole strategy is about getting ahead of the exposures, and we're seeing how much that proactive approach is paying off for our customers."
The Tenable One platform is at the forefront of the market's shift to exposure management, with Gartner coining the term Continuous Threat Exposure Management as a framework to help organizations proactively reduce cyber risk. The company's early adoption of exposure management and AI-powered platform with risk-based analytics and more than 300 integrations helps organizations focus their resources on the exposures that matter most before attackers can exploit them, addressing the threat of "Harvest Now, Decrypt Later" attacks where encrypted data is stolen today and cracked later using more powerful computing.
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SOURCES CITED:
1. https://www.exabeam.com/explainers/cloud-security/61-cloud-security-statistics-you-must-know-in-2025/
2. https://www.manilatimes.net/2025/11/23/business/sunday-business-it/quantum-threat-pushes-encryption-overhaul-by-2026/2229715
3. https://www.brightdefense.com/resources/recent-data-breaches/
4. https://www.technologyreview.com/2025/11/10/1127774/reimagining-cybersecurity-in-the-era-of-ai-and-quantum/
