99% of Fortune 500 Firms Are Not Quantum-Ready

Qryptonic Inc recently released findings showing that up to 99% of Fortune 500 companies are not adequately prepared for the imminent threats posed by quantum computing. As advancements in quantum computing and artificial intelligence accelerate, Q-Day—the projected day when quantum computers will have the capability to break current encryption standards—could arrive as soon as 2027. Qryptonic’s analysis underscores an urgent need for businesses to reevaluate and bolster their cybersecurity measures against evolving digital threats.

“We are on the brink of a quantum computing revolution that will fundamentally disrupt today’s cybersecurity landscape,” said J. Nathan Alder, CEO of Qryptonic Inc. “Most companies are focused on current threats, but the quantum risks of tomorrow could render traditional encryption obsolete. We believe proactive preparation is crucial for organizations aiming to stay secure and resilient in the years to come.”

Quantum Vulnerabilities in the Fortune 500
According to Qryptonic’s analysis, the vast majority of Fortune 500 companies still rely on classical encryption methods, which are vulnerable to quantum-based attacks. Commonly used RSA and ECC encryption, for example, are based on mathematical problems that a sufficiently advanced quantum computer could solve in minutes. This leaves sensitive financial data, intellectual property, and customer information potentially exposed.

Quantum Readiness Assessment: A Path to Future-Proof Security
To support organizations in addressing these quantum vulnerabilities, Qryptonic is offering a Quantum Readiness Assessment, which provides a comprehensive evaluation of a company’s cybersecurity posture against quantum-based threats. This assessment helps businesses identify critical vulnerabilities, align with emerging quantum-safe standards, and develop a phased approach for adopting quantum-resistant measures.

The Quantum Readiness Assessment includes:

Customized Threat Analysis: Insight into specific vulnerabilities posed by quantum computing advancements.

Actionable Recommendations: Step-by-step guidance for implementing quantum-safe encryption, tailored to company size and industry.
Compliance Alignment: Support in meeting emerging standards from bodies such as NIST and ISO.

“Our goal is to make this process transparent, actionable, and accessible,” Alder said. “We’re offering this assessment to ensure that organizations are not just reacting to today’s threats, but are prepared for tomorrow’s challenges.”
Key Findings and Highlights

Urgency in Preparedness: Quantum computers with the potential to break RSA and ECC encryption could arrive by 2027, according to various industry sources. This means organizations have a limited window to transition to quantum-safe encryption.

Industry-Specific Vulnerabilities: Qryptonic’s analysis indicates particularly high risks in industries that depend on long-term data confidentiality, such as finance, healthcare, technology, and government. These sectors are encouraged to prioritize quantum-resistant encryption solutions to protect sensitive data.

Cost of Inaction: Failing to transition to quantum-resistant protocols could expose businesses to data breaches, regulatory penalties, and reputational damage. With potential breach costs reaching into hundreds of millions of dollars, the business case for quantum-safe security has never been stronger.