Background of the Study
With the increasing reliance on digital platforms for financial transactions, ensuring the security of these transactions has become paramount. Cybersecurity concerns, such as hacking, phishing, and data breaches, have led to a growing need for more robust encryption techniques to protect online transactions. Traditional encryption methods, such as RSA and AES, are effective but may not be sufficient in the face of the growing threat posed by quantum computing itself. Quantum cryptography, which uses the principles of quantum mechanics to secure data, offers a potentially unbreakable encryption method that could significantly enhance the security of online transactions.
Nasarawa State University, Keffi, provides a valuable context for investigating the adoption of quantum cryptography in securing online transactions. As digital platforms for academic payments, tuition fees, and research transactions become more prevalent, the need for robust encryption systems is urgent. This study will analyze the potential adoption of quantum cryptography at Nasarawa State University, focusing on how quantum cryptography can enhance security measures for online transactions.
Statement of the Problem
The traditional encryption methods used to secure online transactions are vulnerable to emerging computational technologies, including quantum computing. As online transactions become more prevalent in academic institutions, there is an increasing need to adopt quantum cryptography to ensure the security and integrity of these transactions. However, the integration of quantum cryptography into existing digital systems presents both technical and logistical challenges. This study seeks to examine these challenges and explore the potential benefits of adopting quantum cryptography for securing online transactions at Nasarawa State University.
Objectives of the Study
To assess the feasibility of adopting quantum cryptography for securing online transactions at Nasarawa State University.
To evaluate the potential benefits of quantum cryptography in enhancing the security of financial transactions at the university.
To identify the challenges in integrating quantum cryptography into existing online transaction systems.
Research Questions
How can quantum cryptography enhance the security of online transactions at Nasarawa State University?
What are the potential challenges in adopting quantum cryptography for securing online transactions?
What benefits can quantum cryptography provide in safeguarding the integrity of academic and financial transactions at the university?
Significance of the Study
This research will provide critical insights into the application of quantum cryptography in securing online transactions within academic institutions. It will help shape the future direction of cybersecurity policies at Nasarawa State University and similar institutions.
Scope and Limitations of the Study
The scope of this study is limited to Nasarawa State University, Keffi, focusing on the potential adoption of quantum cryptography for securing online transactions. The study will not cover other forms of digital security technologies.
Definitions of Terms
Quantum Cryptography: A field of cryptography that uses the principles of quantum mechanics to secure data and prevent unauthorized access.
Online Transactions: Financial or informational exchanges conducted over the internet, such as tuition fee payments or research data sharing.
Encryption: The process of converting data into a coded form to prevent unauthorized access during transmission.
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