G7 tells businesses to get ready for quantum cybersecurity threats
Organizations late to the migration could lose contracting opportunities, G7 warns.
The G7, a group of leading world economies, has warned businesses to prepare for potential cybersecurity threats posed by quantum computers. These advanced machines have the ability to break current encryption standards, such as AES (Advanced Encryption Standard), which are widely used by various industries including banks, telecommunications providers, and defense organizations.
To mitigate the risks, the G7 advises organizations to transition to quantum-resistant encryption (PQC) as soon as possible and to follow a phased strategy. This involves identifying critical systems, prioritizing them, and inventorying cryptographic assets. Organizations should also map their dependencies and develop a transition plan.
By adopting PQC and replacing systems with quantum-safe alternatives, businesses can limit transition-related costs and protect themselves from both quantum-related and conventional cyber threats.
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