"quantum computers will break all encryption"
lorecryptographysecurity
Shor's algorithm threatens today's public-key math (RSA, elliptic curves) on a large fault-tolerant quantum computer - which does not yet exist. Symmetric ciphers and hashes mostly just double their key sizes.
NIST published post-quantum standards in 2024 (FIPS 203, 204, 205) precisely so migration happens before such machines do; 'harvest now, decrypt later' is the real present-day risk.
Disputed / commonly mistold A popular version of this story is inaccurate - see the note above.
Sources
- NIST FIPS 203 / 204 / 205 - post-quantum cryptography standards (2024)
- Shor, P. - Algorithms for quantum computation (1994)