“While the timing of threats posed by scalable quantum computers is still speculative, the need to prepare for this threat is real,” says Kazuhiro Gomi, president and CEO of NTT Research. “With NIST’s expected release of more PQC standards in 2024, industries, governments, and others are expected to begin ramping up their migration planning efforts. This is based on the concern that malicious actors are currently collecting ongoing communication data and could compromise security once scalable quantum computers become available. In this regard, it’s important to note that cryptography researchers are working on fortifying the security of advanced cryptographic methods, such as attribute-based encryption (ABE), for PQC readiness.” Faster problem solving, more investment and time travel attacks — quantum predictions for 2024 (betanews.com)