Quantum computing in 2021
Monday, January 11, 2021
Gaurav Banga, founder and CEO of Balbix, predicts quantum computing will become the next WannaCry for malicious actors.
Quantum computing is likely to become practical soon, with the capability to break many encryption algorithms. Organizations should plan to upgrade to TLS 1.3 and quantum-safe cryptographic ciphers soon. Big Tech vendors Google and Microsoft will make updates to web browsers, but the server-side is for your organization to review and change. Kick off a Y2 K-like project to identify and fix your organization's encryption before it is too late.
2021 Will Reveal “The Great InfoSec Divide”
Due to 2020’s disruptions, the gap between cybersecurity-mature organizations and security unready organizations will widen significantly and become a major competitive disadvantage factor. Cybersecurity-mature companies are those that have made already made investments to prevent cyberattacks before they happen. On the other hand, security unready organizations have yet to implement proactive security controls and practices and as a result can only respond to breaches after they happen. In 2020, many security unready organizations pushed out critical projects to enhance cybersecurity posture visibility due to budget squeezes.
The primary consequence of being on the wrong side of The Great InfoSec Divide is that it makes it more difficult to secure new customers and retain existing ones. Your customers worry if you can keep their data safe. At the macro-level, The Great InfoSec Divide will slow innovation, as startups and smaller faster-innovating companies will struggle to gain customer trust. We will see the reemergence of the phrase “No one ever got fired from hiring Microsoft,” but for cybersecurity reasons.
About Gaurav Banga
Gaurav Banga is the Founder and CEO of Balbix, and serves on the boards of several companies. Before Balbix, Gaurav was the Co-founder & CEO of Bromium and led the company from inception for over 5 years. Earlier in his career, he served in various executive roles at Phoenix Technologies and Intellisync Corporation, and was Co-founder and CEO of PDAapps, acquired by Intellisync in 2005. Dr. Banga started his industry career at NetApp. Gaurav has a PhD in CS from Rice University, and a B.Tech. in CS from IIT Delhi. He is a prolific inventor with over 70 patents.
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