(Verdict.co.uk) Almost three-quarters (73%) of cybersecurity professionals expect quantum computing to crack today’s encryption within the next five years, according to a survey by Neustar International Security Council (NISC).
The survey of 305 senior security professionals across six EMEA and US markets, 54% expressed concerns that quantum computing will outpace the development of other security technologies.
The consensus among experts is that quantum computers capable of cracking today’s encryption algorithms remain at least ten years away. However, there is the danger that high-value encrypted data can be copied now and stored to decrypt later, once quantum computers are sufficiently powerful.