Encryption & Key Management , Events , GovWare

Race Against Quantum Threats: Why Organizations Must Act Now

NTU's AVP Lam on Why Current Encryption Standards Need Immediate Transformation
Professor Lam Kwok Yan, associate vice president, strategy and partnerships, Nanyang Technological University

Organizations need to accelerate their encryption transformation plans well ahead of the 2030 quantum-safe deadline, as quantum computing threatens to compromise current cryptographic systems faster than anticipated. The shift demands a comprehensive approach spanning technology upgrades, talent development and risk assessment strategies.

See Also: Corelight's Brian Dye on NDR's Role in Defeating Ransomware

The transition to quantum-safe systems mirrors previous cryptographic migrations, offering valuable lessons for organizations. While current banking systems demonstrate how architectural agility can facilitate smoother crypto transitions, the quantum challenge requires broader preparation across all sectors, including new hardware innovations and specialized talent development.

"A lot of currently secure crypto systems could become questionable when a quantum computer exists. But given the current pace of development, this could also happen sooner than expected," said Professor Lam Kwok Yan, associate vice president of strategy and partnerships at Nanyang Technological University. "It is therefore important to start to anticipate the future and prepare for the quantum era and migrate smoothly."

In this video interview with Information Security Media Group at the GovWare Conference and Exhibition 2024, Lam also discussed:

  • Why post-quantum cryptography requires specialized hardware innovation;
  • How organizations can assess their quantum-safe readiness;
  • The critical role of talent development and awareness programs.

Lam is a prominent academic figure and researcher in the field of cybersecurity, with a focus on privacy, digital trust and artificial intelligence. He has co-founded several initiatives, including Tau Express, and has consulted with INTERPOL on cybersecurity matters.


About the Author

Geetha Nandikotkur

Geetha Nandikotkur

Vice President - Conferences, Asia, Middle East and Africa, ISMG

Nandikotkur is an award-winning journalist with over 20 years of experience in newspapers, audiovisual media, magazines and research. She has an understanding of technology and business journalism and has moderated several roundtables and conferences, in addition to leading mentoring programs for the IT community. Prior to joining ISMG, Nandikotkur worked for 9.9 Media as a group editor for CIO & Leader, IT Next and CSO Forum.




Around the Network

Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.asia, you agree to our use of cookies.