Tech Giants and Universities Form Coalition to Prepare for Quantum Computing Threats to Encryption
-
IBM, Microsoft, Google, University of Waterloo and others formed a coalition to address post-quantum cryptography.
-
Post-quantum cryptography aims to protect against potential future decryption by quantum computers.
-
Current encryption like RSA could be cracked in weeks by quantum computers.
-
The coalition will help key institutions transition to new post-quantum algorithms.
-
In 2022, NIST chose 4 algorithms for a new post-quantum encryption standard.