The IBM Institute for Business Value (IBV), IBM’s thought leadership think tank, has published its Security in the Quantum Era report. This in-depth analysis of the quantum security landscape unveils the need for “quantum-safe” strategies today to maintain the integrity and security of highly sensitive data in the future. Additionally, the report maps out a clear path as to how organizations can work across their ecosystem to protect data from cybercriminals tapping into the power of quantum computers.
IBM security and cryptography experts provide clear actions on how organizations can:
- Prepare for potential quantum threats by educating teams on quantum-safe cryptography and how businesses can identify near-term and achievable cryptographic goals.
- Discover potential vulnerabilities by using quantum-safe cryptographic assessments, including how to place an ecosystem on a common approach to governance.
- Transform operations by performing analyses which can spot cryptographic dependencies between business-critical systems that might leave data vulnerable.
- Observe the threat landscape by developing a dashboard to promote visibility and observability.
According to the report, “Over the next several years, widespread data encryption protocols, such as public key cryptography standards like RSA and ECC, could become vulnerable. In fact, any classically encrypted communication which could be wiretapped is at risk, potentially already exposed to exfiltration, with the intention of harvesting that data once quantum decryption solutions are viable.”
“Considering that the digital economy is estimated to be worth $20.8 trillion by 2025, the repercussions could be staggering,” according to World Economic Forum, August 17, 2022.
Data related to national security, infrastructure, medical records, and intellectual capital can retain or increase in value over time. As such, cybercriminals can employ “harvest now, decrypt later” strategies to steal data which could be decrypted once quantum computers reach a critical mass. Additionally, cryptography is used to secure highly complex and critical infrastructure networks and global digital ecosystems, all of which could take decades to secure against quantum threats.
To learn more about why it is imperative that sensitive data must be secured today against future quantum attacks and how this can be achieved, download “Security in the quantum computing era”.