Archive for the ‘Quantum Computing’ Category

D-Wave Announces 1,200+ Qubit Advantage2 with Refined Error Mitigation Strategies – HPCwire

PALO ALTO, Calif. and BURNABY, British Columbia, Jan. 23, 2024 D-Wave Quantum Inc., a leader in quantum computing systems, software, and services and the worlds first commercial supplier of quantum computers, today announced it has calibrated a 1,200+ qubit Advantage2 prototype, which will soon be available in the companys Leap real-time quantum cloud service.

Developed with a new lower-noise, multilayer superconducting integrated-circuit fabrication stack, the new Advantage2 prototype demonstrates significant performance gains on hard optimization problems and is expected to be particularly powerful for new use cases such as machine learning.

The new Advantage2 prototype features 1,200+ qubits and 10,000+ couplers, double the number of qubits and couplers over the previously released Advantage2 prototype. Benchmarks demonstrate substantial advancements across a number of performance metrics compared to the Advantage quantum processing unit (QPU), including:

The new Advantage2 prototype is 20 times faster at solving spin glasses, an important family of classically hard optimization problems. Recent research has shown that compared to the Advantage system, the Advantage2 prototype grows quantum correlations twice as fast in materials simulation and shows significantly reduced errors in quantum simulation tasks. Further, it shows improved performance on constraint satisfaction problems, with the Advantage2 prototype beating the Advantage system 90% of the time.

The new Advantage2 prototype represents a giant step up in performance, said Mark W. Johnson, senior vice president of quantum technologies and systems products at D-Wave. With the new lower-noise fabrication stack, were seeing significant gains in coherence, connectivity, and energy scale, which will translate to higher-quality and faster solutions. This 1,200+ qubit prototype gives us great confidence that the full Advantage2 system will be our most performant system yet and unlock substantial computational power and problem-solving capabilities for our customers.

In November 2023, D-Wave announced important research results that demonstrate successful Quantum Error Mitigation (QEM) in the Advantage2 prototype. The techniques reduce errors in quantum simulations, producing results consistent with the quantum system maintaining its quantum state (coherence) for an order of magnitude longer time than an unmitigated system. These techniques are expected to drive performance advancements in the forthcoming Advantage2 system and future processors.

The full Advantage2 system will mark the companys sixth-generation quantum system. It is expected to feature 7,000 qubits with a new qubit design, enabling 20-way connectivity between qubits in a new topology.

About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software, and services, and is the worlds first commercial supplier of quantum computersand the only company building both annealing quantum computers and gate-model quantum computers. Our mission is to unlock the power of quantum computing today to benefit business and society. We do this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. D-Waves technology has been used by some of the worlds most advanced organizations including Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, Forschungszentrum Jlich, University of Southern California, and Los Alamos National Laboratory.

Source: D-Wave

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D-Wave Announces 1,200+ Qubit Advantage2 with Refined Error Mitigation Strategies - HPCwire

Quantum technology the black swans are gathering, claims start-up CEO – diginomica

(Image by Holger Detje from Pixabay)

Much has been written about whether there will be atipping point for quantum technologies, a critical moment at which they suddenly become adopted at scale. The reality is that quantum and classical computing will co-exist long into the future, joining forces in a hybrid environment that plays to both of their strengths.

There is more good news. Quantum computers will probably become sufficiently powerful, fault-tolerant, and reliable to run some enterprise tasks this decade. But industry consensus suggests that use cases that are ideally suited to such devices will emerge more slowly. These might include applications that model the natural world and chaotic processes, crunch huge numbers, reveal hidden correlations in specialized data, or help researchers develop new materials and drugs alongside AI on classical devices.

But in the absence of a tipping point, might there be a so-called black swan moment for quantum instead? A sudden event that has unforeseen, perhaps negative, consequences? The answer is that such a crisisisapproaching. We dont know precisely when it will hit, but we do know what it is and what will happen if we fail to prepare for it.

It is the threat to the global economy to banking, ecommerce, supply chains, government systems, and everyday communications that will arrive when quantum computing, or an emulation of it, can reliably and swiftly break the public-key encryption that underpins our secure transactions and communications.

In a forceful session entitled Quantums Black Swan at the World Economic Forum in Davos last week, Jack Hidary, CEO of quantum sensor provider SandboxAQ, urged much greater urgency in building quantum-safe systems and post-quantum security than is normal at industry events.

He said:

Let's say we want to build a tunnel under a river. We don't just start from one side and keep going; we start from both sides and meet in the middle. So, by analogy, the hardware folks IBM is doing an incredible job of advancing the superconducting quantum computing methodology, for example are digging from one side. But the algo [algorithm] people are digging from the other.

What has happened recently is that, in paper after paper, we've seen that the number of qubits we need to crack RSA is coming down. So, the two sides will meet faster and faster under the river to make this tunnel that breaks the banking system, that breaks the telco system, that breaks the energy system, and breaks government secrets.

So, is there any good news? Yes and no, he said. On the one hand, the US National Institute of Standards and Technology (NIST) and others have come together to create newpost-quantum cryptography protocols. These are still being sought, tested, and finalized.

But on the other, he explained:

[The bad news is] it takes seven or eight years for a bank or government to transition to a new protocol. So, what's very important right now is that we understand that this [the development of quantum technologies] does not work in a linear fashion.

On its own page onquantum-resistant cryptography, NIST says:

Historically, it has taken almost two decades to deploy our modern public key cryptography infrastructure.Therefore, regardless of whether we can estimate the exact time of the arrival of the quantum computing era, we must begin now to prepare our information security systems to be able to resist quantum computing.

In Davos, Hidary added:

People got surprised by Gen-AI, and what's going to happen here is the same thing. At some point, people are going to say, Wow, what a surprise, what a shock, that our cryptography is broken!

Certainly by 2029-30, we're going to see scaled, fault-tolerant quantum computers. But you might say, I need a certain number of qubits [to break encryption] today. But my prediction is that the number of qubits is going to come down.

Think about the brass prize of being able to decrypt everything in the world! This is a major issue. [] We have to act now.

So, there may be a global crisis conceivably as early as this decade unless organizations treat this foreseeable event as an urgent, real-world problem, and not as a long-term theoretical one. Less of a serene black swan, in fact, and more of a rampaging bear.

But was Hidary just trying to raise his own profile and using the World Economic Forum to do it? Perhaps, and he would not be the first. But it is equally possible that he has detected troubling signals amidst the industry noise.

The key issue (in every sense) is this: it is not as if the method for cracking RSA encryption, for example, is a secret. It just comes down to maths.

Peter Shor, a Professor of Applied Mathematics at MIT, proposed what became known as Shors Algorithm 30 years ago. This is a method for factoring semi-prime numbers on a quantum computer theoretical when he proposed it exponentially faster than on a classical device. (This is due to a qubits ability to superimpose multiple states, compared with the binary on or off of a classical bit.)

In this way, such an algorithm would, if run successfully, negate the security assumptions that underpin asymmetric cryptography. Namely that the timescales for running the required calculations on a classical computer billions of years to crack the minimal standard for secure encryption (RSA-2048) make it practically impossible. (The computation required grows exponentially larger with each digit in a sequence.)

By contrast, the only obstacles to using a quantum computer to run Shors algorithm or some evolution of it are the number of qubits (estimates range from one per bit all the way up to 20 million for cracking 2048-bit encryption), and the fact that their subatomic nature makes them noisy, and prone to error.

So, a quantum computer simply needs to be both powerful enough and fault tolerant, or self-correcting.

Most researchers believe that such an algorithm cant run at present; and certainly not for keys that have hundreds or thousands of digits. But it is purely a matter of time, though opinions differ as to whether that might be within a decade, a lifetime, or something closer to geological time.

But there is a problem, however. And that is: what if encryption is much closer to being cracked than most researchers believe?

Unsurprisingly, this is a matter of claim and counterclaim for anyone keen to make a name for themselves, or to spook rival governments. For example, a year ago, a group of Chinese researchers claimed that a 2048-bit RSA key could, theoretically, be broken by running the similarly named Schnorrs Algorithm on a quantum device of only a few hundred qubits.

That is troubling, given that the latest quantum hardware is up to the 1,000-qubit mark already, while smaller, more fault-tolerant devices exist too. However, others have claimed that this algorithm works well enough to crack, say, a 48-bit key, but cannot scale to much larger numbers. As a result, the computation would fail.

Meanwhile in November 2023,veteran researcher and Physics PhD Ed Gerck made a truly astonishing claim: that he had broken RSA-2048 encryption in seconds using quantum emulation on a cellphone, using an all states at once technique called simultaneous multifactor logic.

In the absence of formal publication of his research, or any peer-reviewed data, the security community remains deeply sceptical. Even so, the problem facing the industry is that even the most sensational or unlikely claims cant just be dismissed despite astronomer Carl Sagans aphorism that extraordinary claims require extraordinary evidence. The stakes are simply too high.

One reason is the possibility, however remote, that a researcher might have made a giant leap forward, or spotted a flaw in orthodox thinking; consider how Einsteins thought experiments a century ago transformed our picture of time, space, and gravity, for example.

Another is the phenomenon known as Store Now, Decrypt Later (SNDL): the awareness that any number of organizations, hackers, or hostile states will have been hording others encrypted data for decades, and are just waiting for the breakthrough that enables them to read it.

For this reason, Gerck urged authorities to retire RSA and implement quantum-safe standards as soon as possible. Even if his own claim proves to be bunkum, that sounds like sensible advice.

But the risk of a quantum computer breaking strong encryption is not the only black swan that might arise from the technology, or demand its urgent adoption. According to Hidary who was on a panel with Ana Paula Assis, EMEA Chair of the IBM Corporation, and Jol Mesot, President of ETH Zurich another black swan is already with us.

Quantum sensors are essential today, he explained, because of problems with the satellite-based GPS systems that we all use to navigate, plus the inaccuracy of others in the medical profession.

He said:

What if GPS is not available? Over huge swathes of the ocean right now in the Pacific Rim area, particularly near Taiwan, there is no GPS. And over huge swathes of the Middle East, GPS is not only being jammed, but being spoofed. Four planes went into Iranian airspace in the last four months, unintentionally. So, this is a major issue.

But we can use quantum sensors to detect the unique magnetic footprint of every square meter on earth, in the same way that birds and whales navigate.

Boeing and Airbus are among the aerospace companies that have been investing in quantum navigation and timing research in Boeings case, as far back as 2018.

Quantum sensors are also 24 months away from being approved for use in hospitals to monitor patients hearts more accurately, claimed Hidary, thus avoiding the problem of traditional sensors missing a defect. However, such devices demand AI running on a classical computer to pull the signal from the noise of the many other sources of electromagnetic radiation.

He explained:

The [magnetic] signal from a heart is very, very faint so faint that you need a quantum sensor to pick it up. But there is so much other noise, so much other information. If you have an iPhone, if you have a smartwatch, or any of the other magnetic signals in this room, it can confound that sensor. So, we have to pass it through a GPU into an AI model, trained on the data of what a heartbeat looks like.

This convergence of AI and quantum is what's happening now. We need to move into the quantum realm to understand our own bodies. First the heart. And then, of course, the brain.

While little of what Hidary said is new these issues have been known about, conceptually, for decades the force of his argument, and its delivery, was unusual. As a result, the possibility that these challenges might be more urgent than most researchers believe cannot be ignored.

Watch out for those black swans!

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Quantum technology the black swans are gathering, claims start-up CEO - diginomica

The Week’s 10 Biggest Funding Rounds: Quantinuum And Flexport Lock Up Huge Rounds – Crunchbase News

Want to keep track of the largest startup funding deals in 2024 with our curated list of $100 million-plus venture deals to U.S.-based companies? Check out The Crunchbase Megadeals Board.

This is a weekly feature that runs down the weeks top 10 announced funding rounds in the U.S. Check out last weeks biggest funding rounds here.

The second full week of the new year got a big jolt near the end of it with Flexports huge raise. That round, combined with an even bigger raise by a quantum computing startup and along with a handful of $75 million rounds made it a pretty solid week.

1. Quantinuum, $300M, quantum: Quantinuum locked up a fresh $300 million equity fundraise at a pre-money valuation of $5 billion, as investors are clearly excited about the possibilities of quantum computing. The new funding was led by JPMorgan Chase. The Broomfield, Colorado-based company was spun out of Honeywell in 2021 and merged with Cambridge Quantum Computing. Quantinuum says it has now raised approximately $625 million. Last year, funding to quantum computing startups hit nearly $1.2 billion, per Crunchbase data. That number dwarfed the less than $800 million raised in 2022 making quantum one of the few sectors to see an increase in venture funding in 2023. While its too early to say venture funding will again increase in the sector this year, it is evident investors see the potential in both quantum technology and its ability to produce big financial returns.

2. Flexport, $260M, logistics: The news broke late Friday logistics giant Flexport is raising $260 million from partner and e-commerce titan Shopify after burning through hundreds of millions of dollars last year, per a report in The Information. The huge fundraising event is just the latest headline for the San Francisco-based startup that hit a peak valuation of $8 billion almost exactly two years ago after raising a massive $935 million round. Flexport and Shopify are no strangers to making deals with each other. Last May, Flexport announced the acquisition of the assets of Shopifys logistics business for a 13% equity interest in the private company. Shopify also gave Flexport a $40 million cash infusion as part of the deal, per The Information report. Of course, that was far from the only reason Flexport was in the news last year. In September, the big news hit that Flexports then-CEO Dave Clark was abruptly leaving the company after just a year and founder Ryan Petersen was coming back to take the reins as the company struggled with shipping volume declines after the pandemic boom. Flexport also made headlines in November after acquiring the assets of shuttered Jeff Bezos-backed digital freight startup network Convoy. Flexport had raised nearly $2.4 billion in equity and debt before the new Shopify round. Some of its noteworthy investors include Andreessen Horowitz, MSD Partners and the SoftBank Vision Fund.

3. (tied) Cleveland Diagnostics, $75M, biotech: There have not been a lot of big raises so far this year, but the few we have seen are usually related to biotech. Cleveland Diagnostics is the latest example, locking up a $75 million round led by Novo Holdings. The Cleveland-based biotech is developing diagnostic tests for the early detection of cancers and will use some of the new proceeds to grow the use of its novel IsoPSA prostate cancer test. Founded in 2013, the company has raised $111 million, per Crunchbase.

3. (tied) Comanche Biopharma, $75, biotech: Like we said, theres been several big rounds in biotech. Concord, Massachusetts-based Comanche Biopharma locked up a $75 million Series B led by New Enterprise Associates. The startup is looking at therapies for preeclampsia, a serious pregnancy complication that affects approximately 10 million women globally each year, according to the company. The issue can lead to complications for both the mother and the baby, including multiorgan damage and seizures. Founded in 2020, the company has raised $111 million, per Crunchbase.

3. (tied) DailyPay, $75M, fintech: Waiting for payday can be a drag. New York-based DailyPay just raised a fresh $175 million so you dont have to do that. The company partners with employers to allow employees to track, transfer, spend or save their pay as they earn it. The new round was made up of $100 million in an expanded credit facility and more than $75 million in equity financing led by Carrick Capital Partners. The round valued the company at $1.75 billion on a pre-money basis. Founded in 2015, the company has raised $1.2 billion, per Crunchbase.

3. (tied) Tr1X, $75M, biotech: We are not quite done with the big biotech raises yet. San Diego-based Tr1X popped out of stealth this week and announced a $75 million Series A led by The Column Group. The company is developing therapies for autoimmune and inflammatory diseases. Founded in 2018, this is the companys first round with a disclosed amount, per Crunchbase.

7. Digital Onboarding, $58M, SaaS: Boston-based Digital Onboarding, a customer relations platform for financial services, closed a $58 million investment from Volition Capital. Founded in 2015, the company has raised nearly $63 million, per Crunchbase.

8. Forta, $55M, health care: San Francisco-based Forta, which uses AI to help with access to quality care, raised a $55 million Series A led by Insight Partners. Founded in 2021, this is the companys first round with a disclosed amount, per Crunchbase.

9. Ratio Therapeutics, $50M, biotech: Boston-based Ratio Therapeutics, a pharmaceutical startup developing radiopharmaceuticals for the treatment and monitoring of cancers, closed a $50 million Series B from various investors including Bristol Myers Squibb. Founded in 2021, Ratio has raised more than $90 million, per the company.

10. SmartLabs, $48M, biotech: Boston-based SmartLabs, which provides laboratory infrastructure and resourcing as-a-service to companies, locked up a $48 million Series C from several investors including Conversion Venture Capital. Founded in 2015, the company has raised more than $400 million, per Crunchbase.

The biggest deal of the week came from the Red Dragon.

We tracked the largest announced rounds in the Crunchbase database that were raised by U.S.-based companies for the seven-day period of Jan. 13 to 19. Although most announced rounds are represented in the database, there could be a small time lag as some rounds are reported late in the week.

Illustration: Dom Guzman

Clarification: This story has changed since its original publication to add Flexports $260 million raise.

Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.

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The Week's 10 Biggest Funding Rounds: Quantinuum And Flexport Lock Up Huge Rounds - Crunchbase News

Quantum Computing Inc. Congratulates Achievement as its Engineers Receive Prestigious Edison Patent Award for … – PR Newswire

LEESBURG, Va., Jan. 18, 2024 /PRNewswire/ -- Quantum Computing Inc. ("QCi", "we", "our" or the "Company") (Nasdaq: QUBT), an innovative quantum optics andnanophotonics technology company,today proudly announces that two of its engineers have been honored with the esteemed 44th Edison Patent Award for their pathbreaking contributions to quantum-secured privacy-preserving computations. This recognition underscores their exceptional work in addressing cybersecurity threats and developing innovative solutions, including a revolutionary method of quantum authenticationand private-data computing that can process and verify information withoutsharingthat information.

The Edison Patent Award, a symbol of innovation and excellence, is a testament to the commitment, expertise, and innovation demonstrated by Dr. Yuping Huang, OCi's Chief Quantum Officer and Dr. Lac Thi Thanh Nguyen, the Quantum Technology Lead for QCi's Cybersecurity platform. Their critical work has significantly advanced Quantum Computing Inc's mission to harness the power of quantum technologies for real-world applications.

The patent underlying the award represents a milestone in the field of quantum information networks, a critical domain in the ongoing battle against cybersecurity threats facing industry, government, and individuals. The patent, which was granted approval in the United States and over 40 other countries during 2023, addresses a method for quantum authentication and zero-knowledge proof for network security that uses fundamental quantum physics to protect passwords, private information, and online assets. The patented technology describes a method of generating pairs of so-called "entangled" photons that can share certain properties, measurement results and security checks with each other sharing joint communications without ever disclosing in any way that private data in the process, either with each other or with external parties or computing processes. Distinct to any other protocol, the private information is coded on the measurement bases and never shared with any party, either directly or via encryption. Thus, it provides the ultimate protection and unconditional security.

In contrast to quantum key distribution which only protects encryption, this breakthrough patent fills a critical security breach vulnerability by offering a way to effectively secure identity authentication, data mining, and digital assetsin an untrusted environment. Designed to be compatible with existing fiber-based communication infrastructure and satellite-based networks, the patent is a broad-use award based on a fundamental methodology for secure networking among multiple parties, uniquely combining quantum authentication and encryption in a single step and thereby safeguarding an entire network at all points of slippage.

The patent was exclusively licensed to QCi with perpetual terms. For rapid commercialization, QCi has recently built a two-node quantum authentication system, leveraging the engineering skills that Huang and Nguyen acquired when they and team built a pilot three-node quantum network system over a university campus in 2018.

"Quantum Computing Inc. salutes our esteemed engineers. In an era where digital security is paramount, Drs. Huang and Nguyen have played a pivotal role in developing a method of quantum authentication that promises to revolutionize data protection and privacy. Until now, there was no end-to-end quantum solution to defend the security of our digital assets against AI or quantum computer attacks in the coming future. The integration of this comprehensive quantum protocol with quantum key distribution holds the promise of establishing a robust quantum-secured communication system that safeguards the internet for everyone," commented Robert Liscouski, CEO of Quantum Computing Inc. "The company is proud to be at the forefront of quantum technology advancements, providing solutions that address the evolving challenges of cybersecurity, and we remain committed to pushing the boundaries of quantum technology and providing innovative solutions to complex global challenges."

For additional information on the Company's suite of solutions, please visit our websiteor contact our team directly.

About Quantum Computing Inc. (QCi)

Quantum Computing Inc. (QCi) (Nasdaq: QUBT) is an innovative, quantum optics and nanophotonics technology company on a mission to accelerate the value of quantum computing for real-world business solutions, delivering the future of quantum computing, today. The company provides accessible and affordable solutions with real-world industrial applications, using nanophotonic-based quantum entropy that can be used anywhere and with little to no training, operates at normal room temperatures, low power and is not burdened with unique environmental requirements. QCi is competitively advantaged delivering its quantum solutions at greater speed, accuracy, and security at less cost. QCi's core nanophotonic-based technology is applicable to both quantum computing as well as quantum intelligence, cybersecurity, sensing and imaging solutions, providing QCi with a unique position in the marketplace. QCi's core entropy computing capability, the Dirac series, delivers solutions for both binary and integer-based optimization problems using over 11,000 qubits for binary problems and over 1000 (n=64) qubits for integer-based problems, each of which are the highest number of variables and problem size available in quantum computing today.Using the Company's core quantum methodologies, QCi has developed specific quantum applications for AI, cybersecurity and remote sensing, including its Reservoir Photonic Computer series (intelligence), reprogrammable and non-repeatable Quantum Random Number Generator (cybersecurity) and LiDAR and Vibrometer (sensing) products. For more information about QCi, visitwww.quantumcomputinginc.com.

The Edison Patent Awards

For more than 40 years, the Research & Development Council of New Jerseyhas recognized and highlighted the broad array of research conducted in the state and celebrated its exceptional inventors in an annual award ceremony named for Thomas Alva Edison, New Jersey's most famous inventor. Winners are selected by a team of Research & Development Council researchers who evaluate nominated patents based on the significance of the problem addressed, its utility/socioeconomic value, novelty and commercial impact.The Research & Development Council is a nonprofit 501(c)(3) organization whose membership includes representatives from academia, government, and industry, including several Fortune 500 companies. More information can be found at the Research & Development Council's website:www.rdnj.org.

Important Cautions Regarding Forward-Looking Statements

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Those statements include statements regarding the intent, belief or current expectations of QCi and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. Statements in this press release that are not descriptions of historical facts are forward-looking statements relating to future events, and as such all forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, identify forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A in QCi's Annual Report on Form 10-K and other factors as may periodically be described in QCi's filings with the U.S. Securities and Exchange Commission.

SOURCE Quantum Computing Inc.

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Quantum Computing: An Emerging Threat to Cybersecurity – Medriva

The advent of quantum computers carries a potent threat to data encryption, potentially leading to catastrophic impacts on mission-critical infrastructure. With power utilities, hospitals, banks, and transit systems becoming increasingly digitalized, the menace of quantum hacking looms large. The U.S. Cybersecurity and Infrastructure Security Agency has issued an alert, underscoring the urgency to prepare for quantum threats. It is vital for organizations to assess their current security posture, develop a quantum roadmap, and implement quantum-safe solutions to defend against these threats.

Quantum computers differ significantly from conventional computers. They possess exponential speed and power, enabling them to break traditional encryption methods in a fraction of the time it would take a regular computer. This immense potential makes quantum computers a significant threat to critical infrastructure, especially for smaller companies and municipal infrastructure operations that might lack the resources to counter such advanced threats.

Preparing for the day when quantum computers can compromise traditional encryption methods, often referred to as Q-Day, is crucial. Organizations must prioritize the protection of high-impact assets. Developing a quantum roadmap and assessing the current security posture are essential steps in preparing for this threat. Utilizing encryption methods and key distribution techniques that ensure data integrity can provide protection against quantum attacks.

The World Economic Forum (WEF) has raised concerns about the potential impact of quantum computing on critical infrastructure. It could pose radical global risks with the ability to break public key encryption, potentially leading to the paralysis of national or global critical infrastructure. The report also warns about the acceleration of risks presented by other emerging technologies and the potential for cyberattacks. Criminal actors are already launching attacks on encrypted data in anticipation of cryptographically relevant quantum computers being available.

Quantum computing is also posing significant challenges to corporate security and privacy compliance. Its potential to revolutionize various industries and threaten traditional encryption methods is a cause for concern. Post-quantum cryptography is seen as a potential solution to protect against quantum computing threats. Regulatory bodies in the EU and Canada are assessing the potential impacts of quantum computing on various sectors, underlining the need for quantum-resistant algorithms to safeguard data against the threat of quantum computers.

Quantum computing presents both opportunities and challenges for the modern enterprise. It is expected to help solve complex problems but also poses a risk to traditional cryptographic systems. The National Institute of Standards and Technology (NIST) has selected four quantum-resistant algorithms for standardization, three of which were contributed by IBM researchers and partners. Organizations are advised to create a quantum readiness roadmap for transitioning to these standards. Becoming quantum-safe involves three critical steps: discovering, observing, and transforming the cryptography infrastructure.

Large Language Models (LLM) are redefining cybersecurity operations. The cybersecurity workforce is expected to grow, reaching its highest number ever with 5.5 million people in cybersecurity jobs. However, cybersecurity teams should be aware of the hidden risks associated with them. The year 2023 had unexpected twists in cybersecurity, driving organizations to plan their security strategies for 2024 and beyond. As quantum computing continues to evolve, its clear that the cybersecurity landscape must adapt to meet the challenges of this new era.

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Quantum Computing: An Emerging Threat to Cybersecurity - Medriva