The migration to quantum-safe algorithms could take several years, and for some industries – like healthcare and financial services – the transition is already underway due to technology lifecycles and long-life data that has to remain secure.
The quantum threat is existential, not just an impact to the bottom line and insurance paperwork. We have quantum security tools available today, but even those are insufficient against a state-level attack, just like airbags are meaningless against a hellfire missile shot from a predator drone.
Quantum-proof encryption introduces a set of algorithms that ensures protection for organizations of any size. Unfortunately, the current decade-old public key cryptography technology that many organizations rely on today will be broken and will not be able to withstand the deployment of quantum computers in the near future.
13 members of Forbes Technology Council share potential risks that industries and societies could face with the rise of quantum computing and why they’re so concerning.
G-7 overlords are not overlooking the quantum threat, but it takes 21+ pages of word salad to get there.
The main security benefit behind QKD is the ability of the two communicating parties to detect any attempt to read the quantum state of a photon while it is in the fiber via eavesdropping techniques.
Thanks to Shor’s algorithm, cryptocurrencies will be exceptionally vulnerable to a future quantum computing attack.
As quantum systems become more powerful, information security will also be affected and will force improved data security both on-premises and in the cloud.
Everyone was stunned when the new mayor of New York City Eric Adams announced he was planning to receive his first three paychecks in Bitcoin, the cryptocurrency that’s been dominating the financial headlines for the past year. The mayor of Miami, Francis Suarez, had already announced he would accept his first paycheck 100% in Bitcoin. The mayoral announcements are still more signs that cryptocurrencies are no longer esoteric investments for the super-rich (or super-crooks) but have entered the financial mainstream. Back in May Deutsche Bank pronounced Bitcoin the third biggest world currency in terms of circulation. Only the euro and the U.S. dollar are bigger.
There’s always a new threat looming on the horizon.
Time friend and foe: In today’s increasingly volatile environment, it is not a question of if you will be attacked, but when
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