Encryption key as Westpac buys into Aussie tech security firm QuintessenceLabs - AFR - 17 June 2015

Westpac Banking Corporation has been the lead investor in a capital raising for Canberra-based technology security specialist QuintessenceLabs, which is waging a high-tech war against hackers.

Westpac will become an 11 per cent owner of the company, commonly referred to as QLabs, take a seat on its board, and become the company's highest profile customer.

QLabs has created quantum technology that strongly encrypts confidential data, using advanced engineering methods to create "keys" with truly random and therefore unhackable number combinations. It has used that to create a range of products, which it says has initially targeted government and defence and the financial services sector.

Full Story