Index Investing News
Friday, June 26, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

India must adopt quantum-safe cryptography

by Index Investing News
October 31, 2022
in Opinion
Reading Time: 5 mins read
A A
0
Home Opinion
Share on FacebookShare on Twitter


Quantum computers are maturing quickly—perhaps even faster than we could have predicted just five years ago. We see quantum technology’s rapid pace of development as an important opportunity: We believe these machines are going to solve important problems in research and industry, which could revolutionize fields from materials and drug discovery to finance and machine learning. But this rapid development also brings about an important consideration: The encryption schemes we use today to safeguard sensitive data— such as our financial and health records—could be made obsolete in a world where future quantum computers reach their full potential.

As we work to bring about quantum-centric supercomputing, we’ll need to ensure that each facet of the computing workflow can protect future systems and data from the ‘harvest-now, hack-later’ that’s already happening. This is especially critical for governments and highly regulated industries such as financial services, healthcare and telco. In fact, anyone responsible for securing data or digital infrastructure will need to take steps today to make themselves quantum safe. Waiting is just not an option.

Why quantum-safe matters

According to IBM’s 2022 Cost of a Data Breach Report, 83% of organizations worldwide have experienced more than one data breach in their lifetime.

According to the same report, organizations in India, on average, reported 29,500 breaches (between March 2021-March 2022). Organizations in India, including both government and private institutions that hold sensitive data, need to immediately start implementing quantum-safe protocols.

Governments across the world are concerned that bad actors are positioning themselves to take advantage of next-generation code-breaking tools. Attackers could be stealing and hoarding large tranches of encrypted data, unreadable with contemporary tools, with the intent to decrypt it once better quantum technology becomes available. Organizations may have already experienced breaches that they will not know about for many years, creating an uncertain security and liability environment. We may not know exactly when it will be possible to breach today’s encryption, but one thing is clear: any data that falls into the wrong hands before an organization transitions to quantum-safe protocols should be considered already lost.

Setting the standards

Organizations cannot afford to wait, and it is already possible to start using secure cryptography. In July 2022, the U.S. Government’s Department of Commerce’s National Institute of Standards and Technology (NIST) announced four quantum-safe protocols as their “post-quantum cryptographic standards,” which they expect to finalize in the next couple of years.

While securing critical Indian data with quantum-safe cryptography will be important, there is also a huge opportunity here for Indian engineers and the IT industry. India’s IT industry received its biggest boost when the Y2K problem happened at the turn of the millennium. Companies worldwide scrambled to fix the date change problem that could cripple industries, ranging from finance and airlines to mining, on 1 January 2000. In many cases, it required going through thousands and millions of lines of code to fix the bug. This needed trained programmers. And the Indian software industry seized the opportunity.

Fixing the “YQK” problem—this time, the “Q” stands for “quantum”—presents an even bigger opportunity for India. This is the time for decisive action from the Indian standards organizations, industry and government to address the challenge and figure out ways in which the Indian IT industry can contribute and take advantage.

Don’t wait

With so-called ‘quantum advantage’ on the horizon, business leaders should be preparing for how their industry could benefit. But they should also understand the risk of future fault-tolerant quantum computers on the horizon and explore available solutions based on quantum-safe cryptography standards, such as the IBM hybrid cloud system z16, that will protect their data and classical systems.

In conclusion, any computer system that will have to operate securely without major modifications over a period of years—the computer in your next car or embedded in a satellite, for example —will need to be quantum-secure well in advance of the threat. Can you afford to wait?

Amith Singhee is Director, IBM Research India and L.V. Subramaniam is Senior Manager AI and IBM Quantum Ambassador at IBM Research India.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.

More
Less



Source link

Tags: AdoptcryptographyIndiaquantumsafe
ShareTweetShareShare
Previous Post

Generative AI models should expect growing resistance

Next Post

Juventus vs PSG Prediction and Betting Tips

Related Posts

Trillionaires and republics will be a toxic mix –
Las Vegas Sun News

Trillionaires and republics will be a toxic mix – Las Vegas Sun News

by Index Investing News
June 24, 2026
0

Wednesday, June 24, 2026 | 2 a.m. SpaceX’s initial public offering made Elon Musk the world’s first trillionaire. You might...

Albany acts to rescue kids from deadly abuse — 10 years late

Albany acts to rescue kids from deadly abuse — 10 years late

by Index Investing News
June 16, 2026
0

Days ago, Albany politicians did the unthinkable: They passed a sensible piece of legislation that puts kids’ needs over adults’...

Anthropic’s Mythos and the AI race: What India must learn from the next wave of innovation

Anthropic’s Mythos and the AI race: What India must learn from the next wave of innovation

by Index Investing News
June 11, 2026
0

As Artificial Intelligence (AI) evolves, so do the anxieties around it. The discourse on AI ethics, slops and data centres,...

Why honesty is the best policy for IT service providers as AI reshapes client relationships

Why honesty is the best policy for IT service providers as AI reshapes client relationships

by Index Investing News
June 8, 2026
0

Consider what honesty requires. Say, the client’s chief operating officer has spent six months evangelizing an Agentic AI strategy internally....

UK Police Officers Admit DEI Training Pressured Them To Ignore Dying White Teen Henry Nowak – FREEDOMBUNKER

UK Police Officers Admit DEI Training Pressured Them To Ignore Dying White Teen Henry Nowak – FREEDOMBUNKER

by Index Investing News
June 4, 2026
0

Authored by Steve Watson via Modernity,Officers from the force that failed Henry Nowak have now admitted they felt "controlled and...

Next Post
Juventus vs PSG Prediction and Betting Tips

Juventus vs PSG Prediction and Betting Tips

Apple/China: intricate supply chain makes hanging up hard to do

Apple/China: intricate supply chain makes hanging up hard to do

RECOMMENDED

Museum publicizes it has found a hidden Vincent van Gogh self-portrait

Museum publicizes it has found a hidden Vincent van Gogh self-portrait

July 17, 2022
Average long-term US mortgage rate slips to 6.39% this week

Average long-term US mortgage rate slips to 6.39% this week

May 9, 2023
Surprise! Mt. Gox Starts Repaying Creditors Via Unexpected Channel

Surprise! Mt. Gox Starts Repaying Creditors Via Unexpected Channel

December 26, 2023
MapMyIndia shares drop 8% on weak Q2 earnings

MapMyIndia shares drop 8% on weak Q2 earnings

November 11, 2024
Simply Listed | 5447 SE Moseley Drive

Simply Listed | 5447 SE Moseley Drive

December 27, 2024
Liam Neeson Apologizes For Racist Feedback In Atlanta Cameo… And Then Makes Extra

Liam Neeson Apologizes For Racist Feedback In Atlanta Cameo… And Then Makes Extra

May 7, 2022
Editorial: Resign already, Councilmembers Kevin de León and Gil Cedillo

Editorial: Resign already, Councilmembers Kevin de León and Gil Cedillo

October 19, 2022
Opinion – Europe’s Division Deepens with Russia’s Council of Europe Expulsion

Opinion – Europe’s Division Deepens with Russia’s Council of Europe Expulsion

March 20, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In