Besides their vast positive potential for advanced mathematical modeling and simulation, quantum computers are expected to be able to break data protection measures underpinning the digital economy. Leaders need to act, but often don’t know where to begin. The Quantum Readiness Toolkit, which is based on five key principles, provides practical steps to help them assess their organization’s Quantum Cyber Readiness and identify and prioritize future actions. Future-oriented leaders should be aware: the time to act on quantum risk is today.
In the future, powerful quantum computers will be able to break some of the cryptographic algorithms used to protect vast amounts of data every day. Mitigating this ‘quantum risk’ will require organizations to implement quantum-secure technologies, a complex and daunting task. Leaders may feel they have time, but hackers may already be harvesting their data to decrypt in the future, and the transition to become Quantum Cyber Ready may take years. To help them with this major transition, Deloitte and the World Economic Forum worked with a global community of specialists to create the Quantum Readiness Toolkit – this Toolkit provides actions for organizations who are prepared to take the next step in Transitioning to a Quantum Secure Economy.
At the core of the Quantum Readiness Toolkit are five key principles. Leaders should keep these in mind as they embark on their quantum-security journey. They cover topics such as how to educate senior leaders and operational teams, how to incorporate quantum risk management in governance structures, and how to successfully select and implement technologies. For each of the principles, the Quantum Readiness Toolkit provides actionable practices and activities leaders can undertake today. Deloitte is already embracing these principles when helping our clients become Quantum Cyber Ready.
Quantum risk is only one of many risks leaders need to consider. Further exacerbating this is that no one knows exactly when quantum computers that can break today’s cryptography will be commercially viable. Consensus is clear, however, that nobody wants to be too late when they start to address it. An important conclusion from the Quantum Readiness Toolkit is therefore that leaders should embed quantum risk in their broader risk management approaches to help them achieve a future-oriented organization that is resilient to emerging risks.
Considerations for kickstarting your Quantum Cyber Readiness journey
To successfully create a Quantum Cyber Ready organization, leaders should consider several points, including:
“As organizations around the globe formulate their plans to mitigate the cyber risk aspects of quantum computing, these five principles will allow them to chart a course that is in line with the real threat posed by the technology, and consistent with their more general cyber risk management practices.”
Colin Soutar, managing director, Deloitte US
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (DTTL), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL ( also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.
This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms or their related entities (collectively, the “Deloitte organization”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL, its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this communication. DTTL and each of its member firms, and their related entities, are legally separate and independent entities.
© 2023. For information, contact Deloitte Global.