This paper addresses risks to classical cryptographic methods through a detailed investigation of quantum-resistant algorithms, focusing on lattice- based (CRYSTALS-Kyber), hash-based (SPHINCS+), and code-based (McEliece) systems, and proposes a transitional approach using hybrid cryptographic systems for a secure, gradual transition.
Quantum computing presents computational powers previously thought unattainable. This brings severe threats to classical cryptographic methods, especially RSA and ECC. This paper addresses these risks through a detailed investigation of quantum-resistant algorithms, focusing on lattice- based (CRYSTALS-Kyber), hash-based (SPHINCS+), and code-based (McEliece) systems. Research questions guiding this study include: How vulnerable are traditional algorithms under quantum attack, and which quantum-resistant alternatives offer viable performance and security trade-offs? Through simulations, we analyzed key metrics like encryption speeds, key sizes, and efficiency under quantum threats. Additionally, we demonstrated vulnerabilities in RSA-2048 and ECC-256 under Shorโs algorithm, emphasizing the necessity for quantum-resistant cryptography. Our results highlighted CRYSTALS-Kyber as a balanced candidate, aligning with the NIST PQC Standardization, while Quantum Key Distribution (QKD) is reviewed for high-sensitivity contexts. Given the forecasted advancements in quantum hardware, we propose a transitional approach using hybrid cryptographic systems to ensure immediate security and ease the shift to quantum-safe protocols. This study also explores industry applications, particularly in finance, healthcare, and IoT, recommending a phased adoption strategy utilizing hybrid cryptographic systems for a secure, gradual transition.