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[TECHNOLOGY] · United States, Brazil, Spain, Australia, United Kingdom · 7 sources

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Quantum computing advancements prompt global warnings over encryption security

Global institutions and researchers are warning of the security risks posed by the advancement of quantum computing, particularly its potential to break current cryptographic standards. Europol has urged the cryptocurrency industry and policymakers to proactively adopt post-quantum cryptography to protect digital assets and sensitive information from future decryption threats.

In the United States, the Government Accountability Office (GAO) has issued 89 recommendations to over 20 federal agencies, emphasizing the need for immediate cryptographic inventories. This comes amid warnings that malicious actors may be harvesting encrypted data today to decrypt it once quantum technology matures. Various governments, including those in the US, EU, Australia, UK, and Canada, have established adaptation targets for quantum readiness between 2030 and 2035.

While the technology remains largely in the experimental or prototype stage, companies like IBM claim to have reached milestones in quantum advantage. However, researchers note that significant technical hurdles, such as error rates in qubits, remain. In the financial sector, blockchain projects like Algorand are already planning post-quantum resilience roadmaps, while companies like Coinbase are developing safeguards for institutional assets.

Entities

Alfredo Goldman · D-Wave Quantum · Europol · Government Accountability Office · IBM · IEEE Computer Society · National Institute of Standards and Technology · University of Chicago · University of São Paulo

Claims

What the coverage asserts, and how many sources carry each claim.

  • [○ 1 SOURCE] Algorand plans to implement native post-quantum accounts by 2026 and broader resilience by 2027. www.tokenpost.com
  • [○ 1 SOURCE] Researcher Alfredo Goldman stated that while quantum computing is risky, failing to invest represents a strategic disadvantage. www.brasilemfolhas.com.br
  • [○ 1 SOURCE] Europol has published reports urging organizations and the cryptocurrency industry to prepare for quantum security challenges. securitymattersmagazine.com
  • [○ 1 SOURCE] The US GAO issued 89 recommendations to over 20 federal agencies regarding quantum computing risks to encryption. time.news
  • [○ 1 SOURCE] Governments in the US, EU, Australia, UK, and Canada have set quantum adaptation targets between 2030 and 2035. www.tokenpost.com
  • [○ 1 SOURCE] IBM claims to have entered the era of quantum advantage following a 70-logical-qubit calculation. exame.com
  • [○ 1 SOURCE] Quantum computers could potentially derive private keys from public keys, threatening cryptocurrency wallets. securitymattersmagazine.com
  • [○ 1 SOURCE] The GAO warned that actors are currently harvesting encrypted data to decrypt later once quantum technology matures. time.news