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The impact of Quantum Computing on cybersecurity
Quantum computers can solve highly complex problems faster than any of its predecessors. We are currently in a period of a quantum revolution. Many organizations are currently investing in the quantum computer industry, and it is predicted that the quantum computing market may increase by 500% by 2028.
Due to their powerful computing capabilities, the Cloud Security Alliance (CSA) has estimated that by April 2030, RSA, Diffie-Hellman (DH), and Elliptic-Curve Cryptography (ECC) algorithms will become vulnerable to quantum attacks. This makes many organizations vulnerable to “harvest now, decrypt later” (HNDL) attacks, where attackers harvest data from organizations to decrypt when quantum computing reaches its maturity and the cryptographic algorithms become obsolete. In a new Deloitte Poll, 50.2% of the respondents believe that their organizations are at risk for HNDL attacks.