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Will Quantum Computers Break Encryption and Trigger a Global Security Crisis? Experts Say: Not So Fast

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the staff of the Ridgewood blog

Ridgewood NJ, alarming headlines continue to raise fears of a quantum computing apocalypse—one where future quantum computers could crack the cryptographic codes that protect everything from bank accounts to Wi-Fi networks and bitcoin wallets. A recent study suggests it may take 20 times fewer qubits to break encryption like RSA than previously believed, but experts urge caution: the end of cryptographic security isn’t imminent.

⚠️ What’s the Big Concern?

Cryptography underpins nearly all secure communications in the digital world, including:

  • Online banking

  • Secure email and messaging

  • E-commerce

  • Cryptocurrencies like Bitcoin

The RSA algorithm, a widely used public-key cryptographic system, was previously believed to require a quantum computer with 20 million qubits and eight hours of compute time to be broken. New research suggests the same result may be achieved with just 1 million qubits, increasing concern about how close we are to a major cybersecurity disaster.

🧠 Quantum Computers Today: Powerful But Limited

While quantum computers do exist, they remain highly experimental and limited in capability. Current machines top out at a little over 1,000 qubits, and are notoriously error-prone. There are multiple competing approaches to building a quantum computer, but no clear roadmap to one powerful and stable enough to break modern encryption.

Most experts believe a cryptographically relevant quantum computer could emerge within 10 to 20 years—if ever.

🔐 How Quantum Computing Affects Encryption

Here’s the breakdown:

  • Public-key cryptography (e.g., RSA, Elliptic Curve Cryptography) is vulnerable to quantum attacks.

  • Symmetric cryptography (used in most data encryption) is far more resilient and can be strengthened easily with longer keys.

Public-key algorithms are used in SSL/TLS, digital signatures, and blockchain systems—which makes them a primary concern.

🛡️ The Good News: We’re Already Preparing

In 2016, the U.S. National Institute of Standards and Technology (NIST) launched a global competition to create post-quantum cryptographic standards. In 2024, NIST published initial standards including:

  • Post-quantum key exchange mechanisms

  • Post-quantum digital signature schemes

Upgrading to these tools will help secure sensitive systems even if quantum computers become a real threat.

🗓️ What Should We Do Now?

  • Don’t panic. Experts like those at the UK’s National Cyber Security Centre (NCSC) suggest a measured approach.

  • Plan for post-quantum migration. NCSC recommends:

    • A cryptographic inventory by 2028

    • Full upgrade and migration by 2035

  • Install software and firmware updates regularly—manufacturers will eventually roll out post-quantum-secure upgrades for consumer devices.

🧭 Long-Term Outlook: Awareness Over Alarm

It’s wise to prepare for the possibility of quantum breakthroughs, but the worst-case scenarios are still many years away, if they ever materialize. The cryptography community is already developing robust defenses, and timelines for large-scale adoption are realistic and achievable.

Until then, quantum computers are not yet a practical threat to the average internet user or business—but they are a powerful reason to future-proof our digital infrastructure.

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💡 Bottom Line: Quantum computers may one day revolutionize computing—and cryptography—but for now, stay informed, install your updates, and trust that experts are already building the future of secure communication.

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