Security teams are being asked to pay for two upgrades at once, and Algorand CEO William Herkelrath argues they should be treated as one job. His case is that firms patching for AI threats now will have to redo the same work for quantum resistance a year later, and that CISO budgets for 2027 already carry the line item. He speaks to Yahoo Finance’s Brooke DiPalma about what the upgrade touches, who pays for it, and how fast demand has moved. Note that Algorand sells quantum-resistant infrastructure, so he has a commercial interest in the timeline he describes.
Featuring
William Herkelrath, CEO, Algorand
Brooke DiPalma, Senior Reporter, Yahoo Finance
Timestamps
0:00 What the quantum threat to encryption actually is
1:13 What it costs to be late
2:25 Quantum is already a line item in 2027 security budgets
4:11 Why do it twice, and the case for one upgrade
5:22 What is already protected, and what is not
Context not stated in the interview: the US standards body NIST has proposed deprecating quantum-vulnerable algorithms after 2030 and disallowing them after 2035, which is the planning baseline most migration timelines work back from.
#Quantum #Cybersecurity #Encryption #Algorand #YahooFinance
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