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Quantum computing is no longer science fiction. It’s moving closer to reality, and with it comes a serious risk: the potential to break the encryption systems we all rely on today.
A recent survey from Keyfactor found that 48% of organizations in North America and Europe aren’t ready for the risks posed by quantum computing. In mid-sized companies, that number jumps to 56%.
Some are taking the threat seriously:
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42% of cybersecurity leaders are actively preparing
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But 33% are waiting until the threat feels more urgent
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And 24% are holding off to see what others do
The hesitation isn’t just about risk perception. Companies that view post-quantum cryptography (PQC) as a major shift are much more likely to take early action.
Jordan Rackie, CEO of Keyfactor, puts it simply:
“Cryptography is the backbone of digital trust. Quantum computers are coming, and today’s encryption won’t hold up.”
So What’s the Holdup?
The biggest challenges include a lack of skilled staff, limited time, and unclear industry standards. Many teams know this shift is coming but feel overwhelmed by competing priorities.
Still, some are stepping up. In 46% of companies, security teams are leading the way, followed by the C-suite and board members.
Beyond protecting data, early adopters see benefits like stronger customer trust, better insurance terms, and a competitive edge.
A Timeline Is in Place
The UK’s National Cyber Security Centre recommends that by:
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2028: Businesses should know what needs to change
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2031: Key systems should be upgraded
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2035: All systems should use post-quantum cryptography
It’s a long journey but those who start now will be in a better place when quantum threats become real.
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