The US National Institute of Standards and Technology (NIST) has announced three standards for post-quantum cryptography (PQC), emphasizing the need for widespread implementation across devices.
Many experts recommend the swift adoption of quantum-resistant algorithms, since cyber criminals could harvest data now and wait for the arrival of powerful, reliable quantum computing.
Karl Holmqvist highlighted that decades ago, there were doubts about developing functional quantum computers; however, the threat to current encryption is now imminent as technology advances.
The Moody's report indicated that quantum computers could potentially break asymmetric encryption within five to 30 years, necessitating urgent responses to secure data.
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