“Harvest now, decrypt later.” This directive will be motivation for an expected surge in an emerging threat: quantum computing cyberattacks.
That is according to two experts on the matter who joined co-hosts Adam Dennison and Samara Lynn on the latest Ready.Set.Midmarket! podcast.
Lance Smith, co-founder and CEO of Cy4Data Labs, and John E. Young, COO of Quantum eMotion America, lent their extensive expertise on the subject of Q-Day and post-quantum computing (PQC) encryption.
Both describe how threat actors are currently harvesting encrypted data through cyberattacks. While the bad guys don’t have the means yet to decrypt this data, in the very near future they will have a way—through quantum computing.
The time frame for when threat actors will have relatively easy and widespread access to quantum computing power is what is known as “Q-Day.”
Smith and Young discuss what Q-Day is, when it’s expected to arrive, the catastrophes that can happen when hackers are able to break traditional encryption, and what midmarket leaders should do now to prepare.