Forget ransomware – most firms think quantum computing is the biggest security risk to come

Sooner or later, quantum computers will be able to break through today’s encryption, and when that happens, critical industries such as defense, critical infrastructure, telecommunications, and others, will be at risk of nation-state attackers with enough resources to use the advanced tech for nefarious purposes such as espionage or data theft, research has warned.

In fact, many nation-states are likely harvesting encrypted data already, in preparation of that “Q-day” moment – an attack dubbed “harvest now, decrypt later”.

A new report from the Capgemini Research Institute surveyed 1,000 organizations with annual revenue of at least $1 billion across 13 sectors and 13 countries in Asia–Pacific, Europe, and North America, finding the majority of the respondents (around 70%) are referred to as “early adopters” – meaning they’re either working, or planning to work on quantum-safe solutions, within the next five years.

Read more at TechRadar