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Quantum Computing Threatens $12.4 Trillion: Urgent Cryptography Shift Needed

1/24/2026

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Story summary
  • Quantum computing could break current encryption by 2035, which would threaten $12.4 trillion in global assets.
  • Regulators in the EU, the U.S., and the U.K. are pushing a transition to quantum-safe cryptography (PQC).
  • Telecom companies, which rely on encryption to protect customer data, face challenges implementing PQC across networks.
  • Experts emphasize crypto agility to adapt to evolving threats and safeguard telecommunications infrastructure.