Ishit Shah
The introduction of IBM's Q System One in 2019 marked a big milestone in quantum computing. While full commercial availability is on the horizon, the promises of quantum computing in fields like machine learning, medical sciences, and particle physics are captivating. However, the other side revealed a threat: the ability of quantum computers to break today's most encryption algorithms, a threat that NIST and other leaders predict will materialize within the next few years.
To counteract the impending threat, the industry must develop new security algorithms, known as Post-Quantum Cryptography (PQC). However, PQC alone may not be sufficient, especially for products like IoT devices with extended life cycles. The 2019 survey shows the urgency for businesses to address quantum threats today and offers a call to action for industry-wide preparedness.
The survey reveals a awareness of PQC among IT professionals in enterprises, with seven in ten claiming to be "somewhat" aware. However, a deeper dive into understanding the concept of PQC reveals a knowledge gap, showing that education and clarity are needed in navigating the quantum landscape.
Despite the confusion, IT professionals recognize the immediate threat posed by quantum computing. More than 50% believe it is a significant threat today, with an even higher percentage anticipating a big threat in the future. The survey sheds light on when IT professionals foresee the need for PQC.
Companies are beginning to allocate budgets for PQC, with a third already having a budget and another 56% in the process of establishing one. The survey indicates that most enterprises view their PQC budgets as extremely large, indicating the gravity of the quantum threat.
Top tactics employed by IT professionals include monitoring, understanding their organization's crypto-agility, and assessing their current risk levels. The survey highlights the need for enterprises to be rapid in transitioning to PQC certificates quickly and efficiently when the time comes.
IT professionals accept the potential benefits of winning the quantum fight, such as improved security and enhanced crypto-agility. However, they also recognize challenges, with cost and a lack of information identified as significant hurdles.
As per the survey findings, DigiCert offers strategic recommendations for enterprises to navigate the quantum landscape. These include understanding quantum risk, establishing crypto-agility, and collaborating with leading vendors to implement best practices.
With a solid 7-year tenure in the field of cybersecurity, Ishit Shah stands as a seasoned professional currently making significant contributions within a prominent cybersecurity company. Known for a keen passion in fortifying digital world, Ishit has accumulated extensive experience and insights, becoming a valuable asset in the ongoing battle against evolving cyber threats. Their dedication to staying at the forefront of the industry ensures a continuous commitment to enhancing cybersecurity practices for a safer digital future.