Your Bank Password Might Be Useless in 3 Years – Post Quantum Encryption Is the Only Thing That’ll Save It

Quantum computer

Quantum computing is advancing faster than expected—and so is the risk to your data. Within a few years, quantum machines may be able to crack the encryption that secures our emails, bank accounts, and even government secrets. That’s why companies are racing to adopt post-quantum encryption (PQE) before it’s too late.

Leading cybersecurity firms, including IBM, Google, and Thales, are already rolling out quantum-resistant protocols designed to keep data secure even in the age of supercomputers.

Why Current Encryption Could Fail

Most of today’s encryption—including RSA and ECC—is based on problems that quantum computers can solve exponentially faster. Once machines like Google’s Sycamore or IBM’s Condor scale further, they could break current encryption in hours or minutes.

“It’s not a matter of if—only when,” says Dr. Neena Choudhary, a cryptographer at MIT.

What Is Post-Quantum Encryption?

PQE refers to cryptographic algorithms designed to withstand both classical and quantum attacks. These include:

  • Lattice-based encryption (e.g., Kyber, Dilithium)
  • Hash-based signatures
  • Code-based schemes

The U.S. National Institute of Standards and Technology (NIST) has already selected four algorithms for standardization to replace vulnerable legacy protocols.

Who’s Adopting It First?

Financial institutions and defense agencies are among the first adopters:

  • JPMorgan Chase: Deployed lattice-based PQE for interbank data exchange
  • Google Chrome: Testing PQE for TLS connections in Canary builds
  • NATO: Transitioning secure communications infrastructure to hybrid PQ protocols

Cloud providers like AWS and Azure are also offering PQE as a service to enterprise clients.

Conclusion

Quantum computing could render current cybersecurity useless—but post-quantum encryption is already here to stop that scenario. Whether you’re a Fortune 500 CTO or an everyday smartphone user, your digital future depends on how fast we adapt.

Sources: NIST PQE Project, Google Cloud Blog, IBM Research

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