We have seen a massive ramp up in cyberattacks – SolarWinds, Colonial Pipeline, the world’s largest meat processing company JBS, giant gaming publisher Electronic Arts (EA), and the entire Irish health care system. That’s just the tip of the iceberg – statistics show about 91% of attacks are launched with a phishing email. The world is being hit by a Tsunami of cyberattacks and the winds are only going to get stronger with the fast-approaching quantum computing era.
The SolarWinds hack alone have exposed the databases of literally hundreds of government agencies and huge corporations. According to The Wall Street Journal, several U.S. agencies, including parts of the Pentagon, the Department of Homeland Security, the State Department, the Department of Energy, and the Treasury had all been breached.
Let me quote the U.S. Federal Reserve Chairman, Jerome Powell, “Cyberattacks are now the foremost risk to the global financial system, even more so than the lending and liquidity risks that led to the 2008 financial crisis.”
On June 1st 2021, the Biden administration proposed to commit $10 billion on cybersecurity. Is that enough? What will cybersecurity look like in the quantum future?
With big nations and global tech firms investing billions of dollars in quantum computing research every year, the technology has advanced rapidly in the past two years. Forbes reported that the National Science Foundation (NSF) and the Department of Energy (DOE) had announced the investment of more than $1 billion over five years for quantum information science (QIS) centers. Quantum encryption and quantum hacking are a significant subset of that.
When cyber threats meet quantum computing, it’s a recipe for disaster. The arrival of quantum computers which have excessive processing power will render current encryption systems, such as RSA, obsolete and leave data unprotected. Business leaders and government agencies must make cybersecurity a front and center issue and act NOW. And IronCAP™, the first-to-market quantum-safe encryption, can help you implement cyber preparedness.
To safeguard your data today and in the quantum future, please learn more at www.ironcap.ca.