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Risk math

Mosca inequality

If the time your data must stay confidential (X) plus the time to migrate (Y) exceeds the time until quantum breaks crypto (Z), you have HNDL exposure today.

The formula

X = data shelf-life in years. Y = migration runway in years. Z = years until cryptographically relevant quantum computers. When X + Y > Z, encrypted data captured today may be readable before you finish migrating.

Why boards care

Mosca turns abstract quantum risk into a inequality your board and regulators understand — especially in banking and healthcare where data lives for decades.

Video explainer

Michele Mosca Public Lecture: As We Enter a New Quantum Era Watch on YouTube

References & further reading

Authoritative primary sources cited in this article. Summaries are our own — follow links for full context.

Last verified 2026-06-21

Deep dive

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