Quantum computer threat looms: Monaco’s ADIM warns encryption faces AI aftermath

Monaco’s digital industry association, ADIM, has issued a stark warning about the looming threat quantum computing poses to encryption systems.
"It will call into question all current encryption systems. It will be the second slap in the face after AI," an expert cautioned, highlighting the urgency for enhanced cybersecurity measures.

The principality continues to face persistent cyberattacks, with phishing incidents notably on the rise.
"It comes in waves. Phishing is on the increase generally, because that's how you can usurp someone's identity," the expert explained.

ADIM, which has grown to include over 80 companies and around 200 active members across sectors such as hotels, yachting, healthcare, and financial services, is actively engaging with local digital service providers to bolster cybersecurity.

In response to these threats, a new public portal, cybermalveillance.gouv.mc, is being developed by a public interest group including the Monegasque Digital Security Agency to enhance public awareness and response capabilities.

Additionally, decision-makers are being urged to optimize hardware resource use to extend lifespan and improve resilience against evolving cyber threats.
"It's a subject that interests us first and foremost. We are making decision-makers aware of the need to optimise the use of hardware resources in order to extend their lifespan," explained Franck Chiniard.

As AI has already disrupted digital security paradigms, the advent of quantum computing is expected to further challenge existing encryption, necessitating urgent adaptation and vigilance in Monaco’s digital landscape.

Monaco’s ADIM warns that quantum computing poses a serious threat to current encryption systems, following the disruptive impact of AI. Cyberattacks, including phishing, are rising in Monaco, prompting calls for enhanced digital security and awareness among decision-makers to protect sensitive sectors like finance and healthcare.