Forget AI — credit rating giant feared by all countries just issued an alarming warning as Google and CloudFlare make crucial moves: "PQC spending will compete directly with AI investment"
- Quantum computing is threatening today’s encryption standards faster than expected
- Google and Cloudflare accelerate PQC migration targets to 2029
- Organizations should prioritize PQC spending alongside AI
Credit rating giant Moody's Ratings has warned that organizations could be underestimating just how quickly quantum computing could threaten current encryption standards, to the point that slow post-quantum cryptography adoption could even post a credit risk.
And industry giants are already starting to recognize this, with Google and Cloudflare having moved their targets to 2029 – a seriously big shift compared with the 2035 US government target for national security systems.
With these changes showing that some of the world’s most sophisticated internet infrastructure companies are worried about the speed of change, Moody’s argues that companies may no longer have the decade or more they thought to upgrade.
Strategic investment will secure systems before PQC is a major risk
Currently, most internet security depends...
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