Encryption & Key Management , Events , GovWare

Race Against Quantum Threats: Why Organizations Must Act Now

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.

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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, Yan 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.

Yan 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.