Top challenges for progress in addressing quantum risks include lack of skilled personnel (40%), limited time and competing priorities (40%), and unclear industry standards (39%).

Half (50%) of organizations are assessing their encryption strategies in response to quantum risks.

Only one-third of organizations are placing their trust in telecom or cloud providers to manage the transition to PQC.

61% identified key distribution vulnerabilities as a major quantum-related threat.

58% highlighted the “harvest now, decrypt later” (HNDL) threat as a major quantum-related threat.

60% identified future decryption of today’s data and future encryption compromise as major concerns among quantum computing security threats.

The top quantum-related threat, cited by 63% of respondents, is future encryption compromise (the risk that quantum computers could break current or future encryption).

60% (three out of five) of organizations are actively prototyping or evaluating post-quantum cryptography (PQC) solutions or prototyping new ciphers.

Only 5% of enterprises have implemented quantum-safe encryption.

46.4% of organisations report that substantial portions of their encrypted data could be compromised.

Only 38% of organisations feel “very prepared” for quantum threats.

Only 19.2% of organisations claim they are “extremely prepared” for quantum threats

69% of organisations recognise the risk that quantum computing poses to current encryption standards.

69% of organisations believe quantum computers will break current encryption within five years.

5 percent consider quantum computing a high priority for near-term planning.

62% of technology and cybersecurity professionals are worried that quantum computing will break today’s internet encryption.

37 percent have not discussed quantum computing at all.

19 percent say they have discussed quantum computing but not made any formal plans.

46 percent say quantum computing will create revolutionary innovations.

A third of global cyber and IT professionals (30 percent) do not have a good understanding of the capabilities of quantum computing.