Corporate TIPS: Emerging Cyber-Threats And Business Risks From Quantum Computing – Security

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If there is one thing truly connecting our world, it is
technology. Individuals, organizations, agencies and governments
around the globe use technology for several reasons including
communication, conducting business, completing day-to-day tasks,
and protecting people and assets. However, our reliance on
technology raises concerns when you consider the security risks
associated with emerging technologies such as quantum computing.
While quantum computing may provide greater speed and power than
normal computers, this emerging technology comes with potential
risks, including data breaches that could threaten the security of
business transactions, secure communications and consumer
information.

What is Quantum Computing?

Simply put, quantum computing is the next level in the evolution
of computers. The ordinary or classic computer has come a long way
over the years, as the average smartphone now has the computing
power of military grade computers from 50 years ago that were
larger than cars.1 However, even with the significant
advancements made in technology and computers, there remain
problems that classic computers just cannot solve.

For the most part,…

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