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Study: a 23,000-qubit quantum computer could break banking encryption in three days

SecurityNew1 min read

In brief

French quantum firm Alice & Bob estimates that a quantum computer with 23,000 qubits would be enough to break RSA-2048 encryption. The company says this threshold could be reachable by the end of the decade. The non-peer-reviewed study urges a faster shift to post-quantum encryption standards.

  • Estimate of 23,000 cat qubits to break RSA-2048
  • Estimated cracking time of about 3.14 days
  • Same job in 1.5 hours with a larger system
  • Sharp drop from the 2019 estimate of 20 million qubits
  • Call to migrate to post-quantum encryption

What was found?

French quantum computing firm Alice & Bob has recalculated the quantum resources needed to break RSA-2048 encryption. By its estimate, 23,000 "cat qubits" could be enough, with the cracking process taking about 3.14 days. A larger system could do the same job in 1.5 hours.

RSA-2048 is a foundational encryption standard for digital infrastructure, from banking to e-commerce. Breaking it is considered practically impossible with classical computers.

Why did the number drop so much?

Peter Shor's 1994 algorithm already showed the theoretical path to breaking RSA; what was missing was a quantum computer large and accurate enough to run it. In 2019, Google researchers predicted 20 million physical qubits would be needed. That figure has fallen below one million in six years.

Two forces drive the decline: mathematicians making the algorithm more efficient over 30 years, and improvements in the logical performance of qubits. Alice & Bob's 2023 estimate was 350,000 qubits; with its updated cat-qubit design, the number is now 23,000.

What comes next?

23,000 qubits is not achievable today, but the firm believes it could be possible within a few years and that RSA-2048 would then be obsolete. The main bottleneck is fitting the infrastructure needed to run a system at that scale into a reasonably sized laboratory.

The research notes that post-quantum encryption standards already exist but have not been extensively tested. The authors urge the cybersecurity community to test these algorithms more rigorously and migrate systems before quantum computers become more common. The study has not been peer-reviewed and was published in the Cryptology ePrint Archive.

Why it matters

A concrete estimate of when banking and e-commerce encryption could come under threat, giving readers a solid reason to take the post-quantum migration debate seriously.

Sources

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