IT leaders in APAC are sounding the alarm about the need to invest now in quantum-safe transition planning; lack of clear ownership, budget or executive support are obstacles in path to preparation.
At its annual Trust Summit conference, DigiCert released the results of a global study exploring how organizations are addressing the post-quantum computing threat and preparing for a safe post-quantum computing future. Key findings reveal that while IT leaders are concerned about their ability to prepare in the timeframes needed, they are hampered by obstacles which include lack of clear ownership, budget, and executive support.
Forward-thinking organizations that have invested in crypto agility will be better positioned to manage the transition to quantum-safe algorithms when the final standards are released in 2024.”
-Amit Sinha, CEO of DigiCert.
Quantum computing harnesses the laws of quantum mechanics to solve problems too complex for classical computers. With quantum computing, however, cracking encryption becomes much easier, which poses an enormous threat to data and user security.
“PQC is a seismic event in cryptography that will require IT leaders to begin preparation now. Forward-thinking organizations that have invested in crypto agility will be better positioned to manage the transition to quantum-safe algorithms when the final standards are released in 2024,” said Amit Sinha, CEO of DigiCert.
“In the APAC region, where digital transformation is rapidly evolving, the need for quantum-safe cryptography is paramount. As industry bodies and governments drive progress, we urge businesses to prioritize their preparations for PQC to safeguard their data and maintain trust in an increasingly interconnected world,” said Armando Dacal, Group Vice President APJ at DigiCert.
Ponemon Institute surveyed 1,426 IT and IT security practitioners in the United States (605), EMEA (428) and Asia-Pacific (393) who are knowledgeable about their organizations’ approach to post quantum cryptography.
The study, sponsored by DigiCert, found that sixty-one percent of respondents say their organizations are not and will not be prepared to address the security implications of PQC. Almost half of respondents (49%) say their organizations’ leadership is only somewhat aware (twenty-six percent) or not aware (23%) about the security implications of quantum computing.
The Study found that only 30% of respondents say their organizations are allocating budget for PQC readiness, whereas 52% say their organizations are currently taking an inventory of the types of cryptography keys used and their characteristics.