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“The mathematical structure underlying current encryption methods commonly used for public-key cryptography and digital signatures could be broken with a CRQC,” the report says.
Source: https://www.nextgov.com/emerging-tech/2023/03/gao-offers-quantum-guidance-federal-agencies/383947/
This means that quantum computers will be able to break public-key encryption.
Source: https://www.siliconrepublic.com/enterprise/quantum-computing-cybersecurity-risk