Quantum attack would trigger Great Depression, think tank warns

Never mind the cyber doomsday predictions of artificial intelligence ravishing the world as we know it. Now you can add a future quantum computer-powered cyberattack to the list of technologies-gone-wrong that experts warn could decimate the U.S. economy and trigger another Great Depression. For years experts have warned of the dangers of a quantum attack, which would have the power to unlock encryption algorithms and expose protected data such as banking records. Now a fresh analysis of a quantum cyberattack against the U.S. financial sector estimates the cost to the U.S. economy at $3.3 trillion, according to think tank the Hudson Institute.