In the next 10 years, public-key encryption needs to be replaced by post-quantum techniques that can stand upIn the next 10 years, public-key encryption needs to be replaced by post-quantum techniques that can stand up to the new challenges. to the new challenges.
Within a decade, the growth of powerful quantum computers will lead to a new era in security, in which once-impenetrable public-key techniques like RSA and ECC will fall to higher levels of brute force. Such techniques need to be replaced by post-quantum cryptography that can stand up to the new challenges.
That's according to an intelligence brief from research company PreScouter. The brief, titled "Quantum Computing and Cybersecurity: Preparing for Post-Quantum Cryptography," says the global quantum computing market will grow from $472 million in 2021 to $1.765 billion by 2026. As the technology spreads from research labs to the cloud, the likelihood of it getting used to defeat current encryption methods rises to near certainty. Indeed, the Biden administration just issued two directives to prepare US government and businesses against future quantum cyberattacks.