Google warns quantum computers could hack encrypted systems by 2029

Banks, governments and tech providers urged to upgrade security because current systems will soon be obsolete

Banks, governments and technology providers need to be prepared for quantum computer hackers capable of breaking most existing encryption systems by 2029, Google has warned.

The tech company said in a blogpost that quantum computers will pose a “significant threat to current cryptographic standards” before the end of the decade and urged other companies to follow its lead.