Executive Summary Quantum risk is no longer only a future computing problem. It is becoming an enterprise data protection issue because adversaries can collect encrypted information today and wait for quantum capability to make decryption practical later. That is the logic behind Harvest Now, Decrypt Later, and it changes how CISOs and CTOs should evaluate encryption risk. Post-quantum cryptography is moving from standards development into architecture planning, procurement, compliance oversight, and executive risk governance. NIST approved three Federal Information Processing Standards in 2024: FIPS 203, FIPS 204, and FIPS 205. These standards do not make migration simpl…

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