This interview with Jack Hidary covers the most important things you need to know about quantum computing.
A little about Jack Hidary’s take on Quantum Computing & cryptography:
Quantum computers will soon be able to crack classical encryption, resulting in a massive leakage of sensitive data and secrets. The international cybersecurity community is rushing to adopt new encryption standards to prevent it. We spoke with Jack Hidary, CEO of Alphabet spin-off Sandbox AQ about the matter.
With the world’s fastest supercomputers, it would take around 300 trillion years to break the 2048-bit RSA encryption. A quantum computer would be finished with a similar task in merely eight hours. Given the money and resources that states and tech giants throw into building quantum computers, the transition to post-quantum cryptography needs to happen sooner than later.
Once hackers can use quantum tools to crack the classical encryption, will we learn a lot of secrets, maybe the Coca-Cola formula?
We have to expect that there will be selling of critical information on the dark web a number of years from now as it gets encrypted. Many hacker organizations wish to do this and leverage the data that they exfiltrated. Other data will not find its way to the dark web because it will be leveraged for geopolitical and national security purposes. Some data will be examined by adversarial intelligence agencies. It depends on the nature of the data. Some will be leveraged for corporate espionage. If you have an adversarial pharma company that gained information about the thousands of compounds being looked at by a company that had been attacked, you may see drugs come out leveraging this IP. Here are the economic, privacy, and national security implications.
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