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Associated Press
9 hours ago
- Business
- Associated Press
99% of Fortune-1000 Companies Lack Quantum Cybersecurity Programs as Computing Threats Accelerate
Miami, FL June 17, 2025 --( )-- Qryptonic survey of 147 CISOs reveals critical readiness gaps; JPMorgan Chase and HSBC case studies demonstrate successful quantum-secure implementations. Only 1% of Fortune-1000 companies have established funded, board-mandated quantum cybersecurity programs, according to new research from Qryptonic Research LLC. The finding comes as quantum computing advances rapidly, with recent hardware breakthroughs significantly shortening the timeline for potential encryption vulnerabilities. The survey, conducted in May 2025 with 147 Chief Information Security Officers from Fortune-1000 enterprises, found that while 74% of companies are conducting assessments or limited pilots, 25% have no quantum migration plan at all. The research highlights a dangerous gap between the accelerating pace of quantum development and enterprise preparedness. Quantum Computing Milestones Compress Timeline Recent quantum computing achievements underscore the urgency: IBM demonstrated its 'Condor' system with 1,121 qubits (December 2023) Google's 'Willow' achieved 105 error-corrected qubits, bringing RSA encryption vulnerability within a decade (December 2024) IonQ's $1.08 billion merger with Oxford Ionics targets fault-tolerant processors by 2029 (June 2025) 'The quantum computing landscape has transformed from theoretical risk to imminent business challenge,' said Jessica Gold, Head of Marketing and PR at Qryptonic. 'Organizations collecting encrypted data today face the real possibility of that data being decrypted by quantum computers tomorrow.' Industry Disparities in Quantum Readiness The research reveals significant variations across sectors: Leading adoption: Financial services (40%), government agencies (35%), and critical infrastructure Lagging sectors: Manufacturing (10%), retail (15%), and logistics This disparity is corroborated by independent research from Deloitte (November 2024) showing only 30% of organizations taking meaningful action, despite 52% assessing their exposure. Proven Implementation Paths Major financial institutions are demonstrating successful quantum-secure implementations: JPMorgan Chase deployed a Quantum-Secured Crypto-Agile Network (Q-CAN) across three U.S. data centers, achieving: 100 Gbps hybrid TLS implementation using X25519 + Kyber-768 45-day pilot with minimal latency impact (+6 ms) $30 million in new assets under management from quantum-aware clients HSBC successfully secured tokenized digital bonds using post-quantum cryptography: Achieved 1,000 transactions per second using Dilithium signatures Received FCA regulatory sandbox approval Completed first fully PQC-secured digital bond issuance in the EU Federal Investment Underscores Urgency The U.S. government has allocated $7.1 billion for federal quantum cryptography migration from fiscal year 2025-2035, with the Quantum Computing Cybersecurity Preparedness Act mandating full cryptographic inventories by 2027. 'Organizations must prepare now. The transition journey will be lengthy and demands global cooperation,' noted Matt Scholl, Chief of NIST's Computer Security Division, in 2024 guidance that led to NIST's finalization of post-quantum cryptography standards including CRYSTALS-Kyber and CRYSTALS-Dilithium. Qryptonic Offers Rapid Assessment Solution To address the critical need for quantum risk assessment, Qryptonic has developed Q-Scout™, a comprehensive cryptographic inventory service that identifies quantum vulnerabilities in seven days. The service provides: Complete cryptographic inventory from cloud to operational technology Risk-weighted scorecard aligned with NIST and ENISA standards Board-ready 12-month migration blueprint Typical identification of $3-5 million in quick-win cost savings 'You can't mitigate what you don't measure,' said Jason Nathaniel Ader, Co-Founder and Chief Innovation Officer at Qryptonic and author of The Quantum Almanac 2025-2026. 'With 99% of Fortune-1000 companies unprepared for quantum threats, immediate action is crucial for maintaining competitive advantage and ensuring long-term security.' About the Research The Qryptonic Quantum-Risk Survey was conducted in May 2025, interviewing 147 Fortune-1000 CISOs across multiple sectors through anonymous questionnaires with follow-up validation. The full research report and methodology are available at About Qryptonic Qryptonic: Post-Quantum Ready — Permanently. Qryptonic is the global leader in enterprise post-quantum security advisory, providing vendor-neutral cryptographic risk solutions for financial institutions, governments, and high-risk industries. We help organizations achieve permanent cryptographic resilience before Q-Day 2028, and keep them protected against Harvest Now, Decrypt Later attacks. Qryptonic Research LLC is a division of Qryptonic, LLC, dedicated to advancing quantum cybersecurity research and developing actionable insights for enterprise quantum readiness. Access Q-Scout™ Quantum Risk Assessment Organizations can rapidly assess their quantum vulnerability exposure with Q-Scout™, Qryptonic's NIST-aligned cryptographic inventory service backed by a $1 million guarantee. The comprehensive assessment is delivered in just seven days. For more information or to initiate your quantum risk assessment, visit or contact our enterprise team at (888) 2-QRYPTONIC. Media Contact Jessica Gold Head of Marketing and PR Qryptonic, LLC Secure Your Enterprise for the Quantum Era Offices: New York, NY | Miami, FL | Be'er Sheva, Israel Email: [email protected] Phone: +1 (888) 2-QRYPTONIC Contact Information: Qryptonic, LLC Jessica Gold 954-694-2300 Contact via Email Read the full story here: 99% of Fortune-1000 Companies Lack Quantum Cybersecurity Programs as Computing Threats Accelerate Press Release Distributed by
Associated Press
22-04-2025
- Business
- Associated Press
Qryptonic Challenges the Quantum Frontier: New Roadmap Aims to Crack Bitcoin-Style Encryption and Win Project Eleven's 1 BTC Prize
New York, NY April 22, 2025 --( )-- What if students could simulate the first quantum attack on Bitcoin-style encryption—and get paid for it? Qryptonic's new roadmap unlocks that possibility while issuing a warning to enterprises: the post-quantum future is already here. Qryptonic, LLC, Florida's first quantum-powered cybersecurity firm, today announced the release of a strategic roadmap designed to help students and researchers compete for Project Eleven's high-stakes Q-Day Prize: 1 Bitcoin awarded to the team that achieves the largest quantum-only break of an elliptic curve cryptographic (ECC) key before April 5, 2026. With IBM's Cryptographic Agility Study revealing over 70% of global enterprises remain vulnerable to quantum attacks, Qryptonic's initiative provides a rare glimpse into real-world quantum penetration strategies. The roadmap empowers a new generation of quantum learners to simulate attacks on scaled-down ECC keys, serving as both an educational blueprint and a warning about the urgency of post-quantum readiness. 'This isn't about breaking Bitcoin—it's about breaking complacency,' said Jessica Gold, Head of PR at Qryptonic. 'We're giving students the tools to experiment with real quantum techniques and forcing the cybersecurity industry to confront a future that's coming faster than most are prepared for.' Strategic, Responsible, Actionable The roadmap centers on breaking a 3-bit ECC key—a milestone previously considered near the edge of current quantum capabilities. With 4-bit as a stretch goal, the document outlines a phased 12-month execution plan including: 1. Multi-Platform Execution: Starting with IonQ Forte's 36 trapped-ion qubits, with fallbacks to IBM Heron and Google Willow. 2. Advanced Error Mitigation: Incorporating techniques like zero-noise extrapolation, dynamical decoupling, and probabilistic error cancellation. 3. Real-Time Adaptation: Hardware switching, statistical amplification, and team structure designed to pivot rapidly based on emerging results. 4. Public Disclosure Protocols: Media-ready frameworks to responsibly communicate results and avoid panic. 'This roadmap reflects what quantum hardware can realistically achieve in 2025,' said Jessica Gold. 'Simulating a 3-bit ECC break isn't science fiction anymore. It's a call to arms for cryptographic modernization across all sectors.' 'What's at stake here isn't a toy challenge—it's the future of encryption,' said Jason Nathaniel Ader, Chief Innovation Officer of Qryptonic LLC and author of The Quantum Almanac 2025–2026. 'This roadmap shows that even small cryptographic victories on today's quantum hardware reveal deep vulnerabilities in tomorrow's digital infrastructure. We built this guide to challenge students, empower defenders, and pressure enterprises to act before Q-Day becomes yesterday's news.' The roadmap builds on Qryptonic's flagship platform, QStrike™, the cybersecurity industry's first quantum-powered penetration testing product. This follows Qryptonic's $1 Million Quantum Penetration Challenge, launched in December 2024, which rewards organizations whose infrastructure can withstand simulated quantum attacks. The company's timeline calls for: · Roadmap deployment starting May 2025. · IonQ test runs in Q2 and Q3 2025. · Internal submission deadline by March 5, 2026, with official contest deadline one month later. 'Post-quantum readiness is no longer optional,' Gold added. 'Enterprises must act now. And students? They now have a map to make history.' About Qryptonic, LLC Qryptonic, LLC is a global leader in quantum cybersecurity, operating from Miami, New York, and Beer Sheva, Israel. With its mission to make organizations Post Quantum Ready, Permanently, Qryptonic delivers quantum-grade audits, encryption hardening, and breach simulation for Fortune 500 clients and national infrastructure leaders. Its flagship platform, QStrike™, simulates quantum attacks using algorithms like Shor's and Grover's to help organizations validate their quantum threat posture. Contact Information: Qryptonic Inc. Jessica Gold 954-694-2300 Contact via Email To request the roadmap: Email [email protected] Read the full story here: Qryptonic Challenges the Quantum Frontier: New Roadmap Aims to Crack Bitcoin-Style Encryption and Win Project Eleven's 1 BTC Prize Press Release Distributed by
