They call it Y2Q. A turning point when quantum computers will be powerful enough to easily crack today’s encryption. Financial records, government documents and military secrets could all be at risk. Sophisticated hackers are already harvesting encrypted data they cannot yet crack, based on the assumption it will soon be crackable. “Everything needs defending.” That […]
Already an Insider? Log in
Get Instant Access to This Article
Become an Ottawa Business Journal Insider and get immediate access to all of our Insider-only content and much more.
- Critical Ottawa business news and analysis updated daily.
- Immediate access to all Insider-only content on our website.
- 4 issues per year of the Ottawa Business Journal magazine.
- Special bonus issues like the Ottawa Book of Lists.
- Discounted registration for OBJ’s in-person events.
They call it Y2Q. A turning point when quantum computers will be powerful enough to easily crack today’s encryption. Financial records, government documents and military secrets could all be at risk. Sophisticated hackers are already harvesting encrypted data they cannot yet crack, based on the assumption it will soon be crackable.
“Everything needs defending.” That was the warning from quantum researcher and entrepreneur Stephanie Simmons to a parliamentary committee on innovation and technology in 2022, noting that a single quantum computer is all that would be needed for “an adversary to have god-like access to all modern and stored communications.” These days, Simmons is co-chair of Canada’s Quantum Advisory Panel.
The idea that hackers might hoard secure data isn’t new. Post-Quantum CEO Anderson Cheng coined the phrase “harvest now, decrypt later” to describe the potential threat more than 15 years ago. But what sounded like a nifty science-fiction premise back in 2009 is now an imminent threat to today’s digital security systems.
Quantum computing is knocking at the door, our locks aren’t adequate and the thief may already be inside the building.
But here in Ottawa, the race to defend is well underway.
