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Europol Warns of Quantum Computing Risks to Crypto and Data
Europol has released two reports advising organizations and the cryptocurrency sector to prepare promptly for the potential dangers posed by quantum computing to crypto wallets and stored information. The agency highlighted that although the exact timing of quantum advancements is unclear, system updates require significant lead time, advocating for proactive adoption of cryptographic agility. The initial report addresses the risks of public-key exposure and wallet counterfeiting in cryptocurrencies, while the second report focuses on future attacks that could compromise encrypted communications and archives by harvesting data now for later decryption.
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