In the not-so-distant future, quantum computing is set to revolutionize the way we process information. With major tech giants like Google, Microsoft, IBM, and Amazon racing to develop their own quantum technologies, the commercial availability of quantum computing is imminent, likely within the next five to 25 years. While Canadian businesses are gearing up to embrace this technological marvel, it’s essential to consider whether our society is adequately prepared for the potential consequences.
Quantum computing represents a monumental leap in computational power, operating at the molecular level and offering a vast workspace for exploring multiple directions simultaneously. In simple terms, quantum computers process information at an astonishingly faster pace than their traditional counterparts.
This newfound computational prowess holds the promise of solving some of our society’s most complex challenges, ranging from combating climate change and optimizing transportation systems to advancing healthcare solutions. By harnessing the immense computing power of quantum technology, businesses can introduce groundbreaking products and services, spanning fields like finance, manufacturing, and biotechnology, ultimately enhancing our quality of life.
However, there’s a shadowy side to quantum computing, often referred to as the “quantum threat.” Criminals could potentially exploit quantum computing’s capabilities, with the primary concern being its ability to break or weaken commonly used encryption.
Conventional computers simply can’t achieve this. Asymmetric encryption, which relies on a public key to protect data through a mathematically challenging algorithm, followed by a private key for decryption, remains secure against current computers. Quantum computers, on the other hand, can perform multiple simultaneous calculations, easily cracking complex mathematical problems and decrypting the public key. This poses a significant challenge for Canada, where encryption safeguards personal and health information, private online communication, and financial transactions for the average citizen. Likewise, organizations rely on encryption to protect sensitive data, financial records, trade secrets, source code, intellectual property, and transactions.
Unless we take action, the quantum threat could disrupt both our personal and business lives. Fortunately, Canada boasts some of the world’s top talent dedicated to developing quantum-safe or quantum-resistant standards and technologies.
However, technological solutions alone won’t suffice to shield us from quantum-powered cyber threats. We need the right processes and knowledgeable individuals in place to ensure our quantum safety.
But will we have them? Our experiences in cybersecurity suggest otherwise. Cybersecurity isn’t solely a technical concern; it necessitates investments in people and processes. This includes educating employees and the public about cyber risks, implementing preventative practices, and training cybersecurity experts. Often, investing in people and processes proves more cost-effective than relying solely on technical solutions.
Regrettably, history has shown that we often adopt technology without fully comprehending its potential consequences. The current widespread use of AI is a prime example, as we embrace it without a complete understanding of its implications.
Just as in cybersecurity, adequately defending against the looming quantum threat requires recognizing that many actions to safeguard our data and systems will be carried out by individuals, supported by technology.
Becoming “quantum-safe” entails investing in identifying quantum risks, implementing security measures to mitigate those risks, and ensuring proper education and training. In essence, it requires investing in people and processes. These proactive measures will play a pivotal role in managing the challenges posed by the impending era of quantum computing.
Drawing lessons from past cybersecurity setbacks is imperative. While technical experts and solutions are essential for countering quantum threats, it’s equally vital to have individuals from various backgrounds who understand the necessary steps and can implement protective measures for our businesses and well-being.
To effectively tackle the quantum threat, we must adopt a comprehensive approach that encompasses technology, individuals, and processes. Neglecting any of these components would leave us ill-prepared to confront the challenges ahead.
