... Some companies have already taken steps to replace current forms of encryption with post-quantum algorithms. The National Institute of Standards and Technology, an agency of the Commerce Department, published three new algorithms for post-quantum encryption Tuesday. ...
Government officials and cybersecurity professionals warn that hackers might collect troves of data today that is currently protected by encryption, and then decrypt it years from now using quantum computers.
“I personally feel like we should solve it as soon as possible. So in any event when quantum happens, the data is at least old. The older data is, the less useful it is, and the less harmful it is for a company,” Marty said. The idea, he said, is that if hackers are able to break today’s encryption in a few years, they will at least have access to a smaller volume of the bank’s data that wasn’t already protected by stronger post-quantum cryptography. ...
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