Knowing about the development of quantum computing as well as how you can prepare yourself for cyber threats that it brings is essential to your Company’s success. Technology has been evolving rapidly to meet the demands of the business. But, the speed of change often leaves businesses confronting new risks, many of which they do not recognize. Quantum computing will be the next frontier with enormous potential and dangers.
McKinsey and Company believe that the stakes for quantum computing are estimated at $80 billion. The scale of the business could exceed that in the coming years. But quantum computing is not compatible with the current cybersecurity strategies.
Quantum technology processes data differently than computers today. They can process more information and offer information at lightning speed. In turn, businesses need to upgrade their infrastructure and the security systems that guard them.
Three ways companies can begin to be prepared for the future of quantum technology.
Explore process flexibility
Quantum computing’s strength comes from its primary building block, the Qubit. Traditional computers process data using binary code, a string composed of ones and zeros to encode and produce output. Quantum computers replace binary strings with the more unstable Qubit strings of data, allowing processors to investigate a myriad of avenues towards a solution. Furthermore, Qubit allows the computer to manage multiple inputs simultaneously.
The consequence of this fundamental shift is that the existing security framework will soon become obsolete. Many organizations are currently using cloud-based and on-premise applications to ensure security. But, these systems operate at a speed that is restricted by the hardware. They process data in a prolonged way relative to the speeds at that quantum processors operate.
A cyberattack that is carried out by a quantum computer could cause significant disruption to hardware infrastructure. The solution providers have struggled with this issue by upgrading their systems and installing quantum technology.
Despite the state of quantum technology, experts struggle to determine what form the final solution will require. Enterprises need to reconsider the flexibility of their infrastructure as they’ll need to adapt to the changing environment rapidly once quantum computing truly is available.
In addition to analyzing the risks quantum computing could pose, companies must rethink their security practices. For instance, the majority of systems are protected by passwords that are supported via 2FA security. Key-centric or password-based access is susceptible to the power of quantum computers, despite numerous security layers.
Secret vaults are currently used to store and create new keys based on the quantum processor’s capability to crack them. Most keys to safeguarding company secrets aren’t easy for current processors. However, they are a breeze with quantum processing.
Implementing password-free access using FIDO protocols could be a viable solution. Being up-to-date with NIST’s suggestions is another option that businesses should look into.
Make sure you invest in talent.
Cybersecurity can be complicated, and businesses are struggling to find qualified professionals. Most developers do not have a background in security and opt to focus on agile application development. In the end, security professionals are scarce.
Quantum computing adds a further layer to the problem. Quantum computing lacks talent, and quantum security talent is challenging to locate. One solution for businesses can be to put money into the education of the existing workforce and upgrade their skills.
Offering grants and other rewards to young talent is another option for businesses to adopt an aggressive stance. Businesses that follow this route can be pioneers in quantum security, which will set them well in the future. Besides establishing pipelines for talent, companies should utilize analytics to fill in gaps in their security practices. Using what-if scenarios, companies can build a risk matrix to identify any potential security breaches should the quantum threat occur. For example, companies could determine which systems are the most at risk and what data is likely to be affected by any damage.
Analytics isn’t fully able to comprehend the processing power of quantum processors today. But, by modelling extreme scenarios using these platforms, businesses can evaluate the impact on their processes and develop recovery plans.
Take note of the opportunity.
Quantum computers’ capabilities at present aren’t as powerful as conventional computing capabilities. But, they have enormous potential. Moving to a quantum model is a long process, and companies should begin making preparations immediately. Aside from developing pipelines of talent, businesses must use analytics to close holes in their security strategies. With the help of what-if scenarios, we can develop a risk matrix that highlights any potential security breaches should there is a quantum-related threat. For example, companies could discern which systems are most vulnerable and which data is likely to be affected by an impact.
Analytics cannot fully grasp quantum processors’ processing power today. But, by modelling extreme scenarios using these platforms, businesses can assess the effects on their processes and formulate recovery strategies.
Take note of the opportunity.
Quantum computers’ capabilities at present aren’t as powerful as conventional computing capabilities. However, quantum computing has enormous potential. Transitioning to an utterly quantum model will take some time, and businesses must start planning immediately. Much as VR and AI technology experienced periods that were not popular and low interest, quantum computing will also experience periods of low interest and enthusiasm decrease. But, businesses should not use this natural event as an excuse to put off preparing for a quantum world.
Even during an AI cold, AI is present in most platforms and processes in various industries. Quantum computing will eventually enter into various applications. To make the transition successful, businesses must assess their goals for the business and establish the extent of their adoption projects.
For instance, algorithms that are too complex to be executed via traditional computing should be identified and stored securely. The infrastructure requirements for them are to be defined. The most important thing is that the security measures they’ll require must be determined. By working backward from these requirements, businesses can determine the steps they need to take to reach their goal.
Preparing is crucial since when quantum computing truly comes into play, the remaining will have a difficult time trying to make up the ground they lost.
A bright future
Quantum computing is expected to bring technology back to the same level as the Abacus. Although the technology has many steps before it can be utilized widely, it has enormous potential. It’s too early to tell what the long run will hold. But, businesses must take advantage of the opportunity to hedge their assets and create development strategies to meet the needs of quantum today.