Top challenges for progress in addressing quantum risks include lack of skilled personnel (40%), limited time and competing priorities (40%), and unclear industry standards (39%).

Half (50%) of organizations are assessing their encryption strategies in response to quantum risks.

58% highlighted the “harvest now, decrypt later” (HNDL) threat as a major quantum-related threat.

60% (three out of five) of organizations are actively prototyping or evaluating post-quantum cryptography (PQC) solutions or prototyping new ciphers.

61% identified key distribution vulnerabilities as a major quantum-related threat.

60% identified future decryption of today’s data and future encryption compromise as major concerns among quantum computing security threats.

The top quantum-related threat, cited by 63% of respondents, is future encryption compromise (the risk that quantum computers could break current or future encryption).

Only one-third of organizations are placing their trust in telecom or cloud providers to manage the transition to PQC.

69% of organisations recognise the risk that quantum computing poses to current encryption standards.

46.4% of organisations report that substantial portions of their encrypted data could be compromised.

Only 5% of enterprises have implemented quantum-safe encryption.

Only 38% of organisations feel “very prepared” for quantum threats.

Only 19.2% of organisations claim they are “extremely prepared” for quantum threats

69% of organisations believe quantum computers will break current encryption within five years.

56 percent cite "harvest now, decrypt later" as a concern for quantum computing.

41 percent say they do not plan to address quantum computing at this time.

Nearly half (48 percent) are very or somewhat optimistic about quantum computing’s impact in their sector/industry.

57 percent say quantum computing will create new business risks.

Forty percent are not aware of their company’s plans regarding quantum computing.

95% of organizations lack a quantum computing roadmap.