The race for quantum-proof cryptography
One of the biggest threats to privacy and national security is the ability of the immensely powerful quantum computers to break prevailing methods of encryption almost instantaneously. Once quantum computers become a reality, something that could conceivably happen in the next decade or two, all of the data protected by encrypted systems on the internet will become decrypted and unprotected, accessible to all individuals, organizations or nation-states.
Dr. Jill Pipher, President of the American Mathematical Society, VP for Research, and Elisha Benjamin Andrews Professor of Mathematics at Brown University led a briefing last week for lawmakers on Capitol Hill called “No Longer Secure: Cryptography in the Quantum Era” about the threats that quantum computing poses to existing cryptographic systems that support national and economic security. Senator Jack Reed (D-RI) began the briefing by saying “we’re acutely aware of the potential advantages and disadvantages that quantum presents. And we’re also very concerned that some of our adversaries and competitors are investing a great deal in quantum computing.”
Source:: IT news – Security