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Quantum Computing Threats Loom for New Zealand Cybersecurity

Quantum Computing Threats Loom for New Zealand Cybersecurity

First seen 9 Oct 2026, 18:39 UTC • •
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ThreatCluster AI
ThreatCluster •October 9, 2026 at 19:35 UTC
  • •Fortinet warns of quantum computing threats to encryption by 2030.
  • •Cybercriminals are using Harvest Now, Decrypt Later strategies to exploit vulnerabilities.
  • •Cyber insurance policies may not adequately cover breaches occurring before discovery.

A global cybersecurity firm, Fortinet, has warned New Zealand organizations to prepare for quantum computing threats that could compromise current encryption methods by 2030. This warning highlights the dual risks posed by artificial intelligence (AI) and quantum computing, termed Year to Quantum (Y2Q). The strategy known as Harvest Now, Decrypt Later (HNDL) is being employed by cybercriminals, who are collecting encrypted data now to decrypt it once quantum computing capabilities advance. Fortinet executives visited New Zealand to discuss these risks with sectors including health, finance, and utilities. The compressed timeline raises questions for cyber insurance policies, particularly regarding retroactive coverage and continuity. Organizations are urged to assess their data handling and upgrade their systems to mitigate these emerging threats. The urgency of the situation is underscored by the potential for significant financial exposure from cyber events.

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Timeline

2026-10-08
Fortinet executives visit New Zealand
Fortinet executives brief organizations on the risks posed by AI and quantum computing, emphasizing the urgency for protective measures.
RNZ
2026-10-09
Warning issued about quantum threats
Fortinet warns that quantum computing could render current encryption obsolete by 2030, affecting various sectors.
Insurancebusinessmag

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Common questions

What is the Year to Quantum (Y2Q)?
Y2Q refers to the approaching timeline where quantum computing could decrypt current encryption methods, expected around 2030.
How should organizations prepare for quantum threats?
Organizations should assess their data handling practices, upgrade their systems, and review their cyber insurance policies for adequate coverage.
What sectors are most at risk?
Sectors such as health, finance, and utilities are particularly at risk due to their reliance on encrypted data.