The Westpac Banking Corporation has invested directly in technology security specialist QuintessenceLabs. QLabs has created quantum technology that encrypts confidential data using advanced engineering methods to create keys that are random and provide unhackable number combinations. The bank will use the technology to secure the devices and work of its own employees, while it investigates its use on customer data. Tim Erlin, Director of Product Management, Security and IT Risk Strategist at Tripwire believes it is a sign that the banking industry will take a more active interest in both protecting its assets and investing in the security industry.”]