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PwC Cybersecurity Expert Warns Businesses Are Ill-Prepared to Deal With Quantum Technology

By IQT News posted 26 Jul 2019

(EconomicTimes.India) Businesses globally are ill-prepared for adopting quantum technologies based on the principles of quantum physics that deal with the behaviour of matter and light on the atomic and subatomic scales, according to recent statements made by senior executive Grant Waterfall, PwC’s Partner responsible for Cybersecurity and Privacy business (Europe, Middle East, Africa) of British advisory multinational PricewaterhouseCoopers (PwC). According to the PwC Partner, only a few businesses are adopting quantum technology because its timeline continues to remain unclear.
Being foremost a cybersecurity expert, Waterfall was drawing attention to the need, especially in finance, for quantum encryption of data in view of the upcoming threat posed by quantum computers that would have the power to hack into any system.
“So far, China has gone the furthest in the process of transferring quantum computing from research to industry,” he said, pointing to the Chinese developing the world’s first quantum satellite called ‘Micius’, which has already transmitted images.

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