Love Your Data for the Long Haul

Data – the lifeblood of our digital economy – continues to grow in volume year-over-year and so too does the attack surface. Most data that travels across our communication networks and the Internet is protected by Public Key Encryption (PKE). But we know, PKE is in danger of becoming obsolete once a quantum computer is available, putting our valuable data at great risk of being compromised or exploited. In fact, some experts warn the Chinese are already conducting “harvest today, decrypt tomorrow” attacks.

Here’s some eye-popping stats on the volume of data created, captured, copied, and consumed worldwide. Also check out our fun infographic on the topic here.

• Nearly 90 percent of the world’s data was created in the last two years.
• 97 zettabytes of data will be created in 2022, up from 79 in 2021 and 59 in 2020. (What is a zettabyte? It’s a trillion gigabytes.)
• 2.5 quintillion bytes of data is created every day.
• Each person on Earth generates an average of  1.7MB of data per second.
• Every day 306.4 billion emails are sent at a rate of 156 million per second.
• Telcos report carrying up to 60% more data on their networks than they did before the coronavirus pandemic
• Big Data breaches and cyberattacks like scams, phishing, and ransomware increased by 400% due to the pandemic.
• Data breach costs rose from $3.86 million to $4.24 million in 2021, the highest average total cost in the history of the IBM report.

If you love your data, then it’s time to protect it with the strongest security available – a next-generation system like Phio TX that addresses the shortcomings of current encryption methods and key management practices to offer stronger security today, and quantum-safe protection from future threats.

Get a jump on the forthcoming multi-year PQC migration project with help from Quantum Xchange. Ensure your critical, long-duration data is future safe – simply and affordably. #BeQuantumSafe2022