A key benefit of quantum computing is that it may, in the future, enable a very substantial increase in computing power. This could create significant benefits, in the life sciences and financial services sectors (see our prior posts on the potential implications for these sectors here and here). However, it also creates potential risks. In particular, it could lead to the breaking of many of the encryption methods currently used by governments and businesses alike. As commercially-viable quantum computers become an increasing reality, organisations must prioritise “quantum readiness” and specifically migration to post-quantum cryptography (“PQC”).
In this post, we set out a brief overview of the main steps that regulators and industry bodies (including the U.S. National Institute of Standards and Technology (“NIST”), the UK National Cyber Security Centre (“NCSC”), and the EU Agency for Cybersecurity (“ENISA”)) have indicated businesses should take to move towards PQC and protect their data and systems from the risks posed by quantum computing.
Continue Reading Post-Quantum Cryptography: A Practical Guide