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Balbix CEO Discusses Quantum Computing and The Wrong Side of “The Great InfoSec Divide”

By IQT News posted 12 Jan 2021

(AppDeveloper) Gaurav Banga, founder and CEO of Balbix, predicts quantum computing will become the next *WannaCry for malicious actors. Banga advises readers to :Kick off a Y2 K-like project to identify and fix your organization’s encryption before it is too late.”
The primary consequence of being on the wrong side of The Great InfoSec Divide is that it makes it more difficult to secure new customers and retain existing ones. Your customers worry if you can keep their data safe. At the macro-level, The Great InfoSec Divide will slow innovation, as startups and smaller faster-innovating companies will struggle to gain customer trust.

*WannaCry ransomware attack was a May 2017 worldwide cyberattack by the WannaCry ransomware cryptoworm, which targeted computers running the Microsoft Windows operating system by encrypting data and demanding ransom payments in the Bitcoin cryptocurrency.

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