The simple answer is YES. The encryption algorithms we use today will take conventional computers hundreds of years to break. With the much more powerful quantum computer, they can be broken within a few seconds. Quantum computing will render current encryption useless. This can happen anytime and for all we know it may have already happened on a national level! Think about this. The U.S. Department of Energy (DOE) announced on August 26th 2020 that they would spend $625 million on quantum advancements. They have also awarded $115 million to Quantum Systems Accelerator (QSA), a new research center, to pioneer the development of quantum technologies for discovery science. In 2021 Honeywell Quantum Solutions and Cambridge Quantum achieved a quantum volume of 1,024 and demonstrated real-time error correction, to a breakthrough algorithm that enables quantum machines to do more significant calculations with fewer qubits. The above-mentioned companies and government agencies are not the only ones. There are several others pumping millions of dollars into the R&D of quantum computing. It’s evident that the global quantum computing race has begun some time ago already and is advancing rapidly.
So, is your data safe? Can your current encryption safeguard against quantum threats? The answer is an obvious NO. And here comes the SOLUTION – IronCAP™’s quantum-safe cryptography can provide that ultimate layer of protection to your data.
IronCAP™ is the SOLUTION for 3 main reasons:
- Its quantum-safe cryptography is designed to operate on current computers to protect against cyber threats from not only today’s computers but also tomorrow’s quantum computers
- Its breakthrough technology is patent protected and industry endorsed
- Its cryptography has been put to test in 2 global hackathons and proved unscathed
Industry leaders need to start migrating towards quantum-safe encryption now. Cryptographic algorithm transitions take time and involve massive coordination effort across many stakeholders in different industries. By preparing now and adopting post-quantum cryptography solutions like IronCAP™ can ensure a more orderly, less costly, and modestly disruptive changeover.
IronCAP™‘s quantum-safe solution is readily available today. To learn more, visit www.ironcap.ca.
References:
DOE $115 million award for quantum lab.
DOE $625 million investment in quantum.