Cybercrime costs the global economy over €6 Trn & projected to a whooping 22 Trn by 2027. This is essentially because there’s no computer that’s not vulnerable & fool-proof cybersecurity of personal data in a connected computer is considered impossible.
The advent of quantum computers (QC) will make the cybersecurity situation worse. Countries are racing to achieve quantum supremacy as it will drastically reduce the computing time from years to minutes. The power of QC will be a boon for data-intensive industries, but will render our current crypto algorithms vulnerable to quantum attacks, breaking nearly all modern public-key cryptographic systems. Before QC with sufficient qubits arrive, we must be ready with quantum-safe algorithms & deployment strategies to protect our ICT infrastructures.