this post was submitted on 15 Nov 2024
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It only breaks asymmetric encryption like SSL and PGP. The strength of symmetric encryption, like you have with password protected files and drive volumes, is reduced somewhat but should still be more than sufficient.
And like the other commenter said, there are asymmetric algorithms that are quantum-safe, they just aren't in widespread use (though apparently just this year NIST announced a standard for lattice based cryptography).