Industry Blogs and Articles

Crypto-Procrastination: The Dangerous Delay in Preparing for Post-Quantum Data Security

A Citi Institute report warns that a quantum‑enabled cyberattack on a top U.S. bank could jeopardize $2‑3.3 trillion of GDP, turning quantum computing from theory into an operational emergency. The article highlights the “harvest now, decrypt later” (HNDL) threat, where adversaries stockpile encrypted data for future decryption, forcing firms to rethink retention, disposal and encryption‑at‑rest policies. NIST’s post‑quantum cryptography (PQC) standards, finalized in 2024, mandate a multi‑year migration that many organizations are delaying, a phenomenon dubbed “crypto‑procrastination.” Simultaneously, cyber incidents in finance have more than doubled in 2025, while AI‑driven security tools offer both protection and new governance challenges.