Its not really news that the encryption will eventually be broken. All encryption is really a matter of creating an algorithm that is too time / processor intensive to be practical to crack given current technology. The data that an organization encrypted 10 years ago and archived offsite is probably completely unprotected at this point if they haven't re-encrypted it.
With these advances in computing power, I would hope that organizations with truly sensitive / confidential information- governments, financial entities, etc.- are monitoring progress and working on their plan for how to stay ahead of the curve. We don't want to have a Y2K-like scramble to protect data once today's algorithms are outdated.
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Its not really news that the encryption will eventually be broken. All encryption is really a matter of creating an algorithm that is too time / processor intensive to be practical to crack given current technology. The data that an organization encrypted 10 years ago and archived offsite is probably completely unprotected at this point if they haven't re-encrypted it. With these advances in computing power, I would hope that organizations with truly sensitive / confidential information- governments, financial entities, etc.- are monitoring progress and working on their plan for how to stay ahead of the curve. We don't want to have a Y2K-like scramble to protect data once today's algorithms are outdated.