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Cryptographic exposure

HNDL: the confidentiality horizon is part of security.

Assessing cryptographic exposure means considering how long information will remain valuable. GWK's approach brings this temporal dimension into the interpretation of technical signals.

Matheus Rufino7 min read

An organization can upgrade its cryptography in the coming years and still face consequences involving information transmitted today. If an adversary has captured that traffic, a subsequent upgrade does not change the copy already stored. The question is whether the information will still be valuable when decryption becomes possible.

This is the mechanism known as harvest now, decrypt later, or HNDL. It connects today’s protection decisions to consequences that may materialize well beyond the lifetime of a system or a contract.

For risk managers, the challenge is assessing this exposure. Identifying algorithms susceptible to being broken by a quantum computer and mapping the accessible surface are necessary steps. What those findings mean also depends on how long the information needs to remain protected.

Two clocks define the question

The first clock tracks the evolution of decryption capability. The second tracks the decline in the value of captured information.

Information about an unannounced transaction may lose much of its value after disclosure. A trade secret, a medical history or certain personal records may remain sensitive for many years. Even when protected by the same cryptographic mechanism, these data have different horizons of exposure to HNDL.

The relationship between these two clocks frames the central question: could decryption capability emerge while the information still holds value for an adversary?

Uncertainty about advances in quantum computing is part of this assessment. Planning requires considering scenarios and understanding which information would remain relevant in each one.

Figure 01 · The temporal mechanism

The window matters while information retains value.

Conceptual illustration · no chronological scale or prediction of a break

Conceptual illustration of the relationship between the value horizon and future decryption capability. The shaded band represents neither an estimated distribution nor a predicted date.

What a technical assessment needs to add

Scans and security assessments produce information about cryptographic posture and the operational surface. In the Quantum Exposure Index framework, this evidence informs two dimensions: cryptographic vulnerability, V, and operational exposure, E.

GWK’s research places these observables within a temporal framework. Under the model’s assumptions, the H dimension represents the possibility that relevant decryption capability will emerge within the information’s value horizon.

H is the temporal foundation that gives meaning to the assessment of V and E in the context of HNDL.

It links the technical condition observed today to the possibility of future exploitation of information that is still valuable. This formulation makes it possible to assess together the susceptibility of the cryptographic mechanism, operational exposure and the temporal window in which information remains relevant.

The model’s contribution lies in the structure of this relationship, derived under explicit assumptions.

What GWK’s data illustrates

GWK’s V2 operational benchmark, generated on October 7, 2026, comprises 80,182 companies. Its aggregates illustrate how the temporal dimension contributes to interpreting results.

Across the finance, healthcare and retail cohorts, the medians of V are close. The medians of E are also close. The temporal horizon parameters and the resulting index values, however, differ.

Figure 02 · GWK evidence

Similar technical conditions, different horizons.

V, E and H on a 0–1 scale. IEQ on a 0–100 scale.

VVulnerability

Derived from technical signals

Finance0.9985
Healthcare0.9971
Retail0.9971

EOperational exposure

Derived from technical signals

Finance0.5098
Healthcare0.5254
Retail0.5376

HTemporal horizon

Sector-level model parameter

Finance0.6591
Healthcare0.9559
Retail0.2111

IEQExposure index

Composite result

Finance66.3
Healthcare94.8
Retail21.8
View values and cohort sizes
IEQ V2 base, October 7, 2026 edition. V, E and IEQ: medians. H: sector-level parameter.
CohortCompaniesVEHIEQ
Finance7,5740.99850.50980.659166.3
Healthcare10,4950.99710.52540.955994.8
Retail14,1070.99710.53760.211121.8

Source: IEQ V2 benchmark, generated on October 7, 2026. V, E and IEQ are cohort medians. H is a sector-level temporal parameter. Bars use the full scale of each dimension.

This comparison illustrates why interpreting HNDL exposure requires incorporating time. Similar technical conditions can contribute to different assessments when the horizon over which information remains valuable changes.

The sector-level horizon is a documented assumption, not a direct measurement of how long each company’s data must remain confidential. Results combine technical observations and model parameters. Nor does this comparison allow all differences between index values to be attributed exclusively to H.

The consequence for risk management

Assessing HNDL starts with identifying which information retains value over time. Cryptographic inventories and surface assessments become more useful when linked to the data and processes they protect.

For technology and risk leaders, three questions help organize this interpretation:

  1. Which information transmitted today will remain sensitive in the coming years?
  2. Which cryptographic mechanisms and observable surfaces contribute to protecting it?
  3. Which temporal assumptions underpin the assessment, and how does the result change under other scenarios?

An organization can make technical progress and still carry exposure associated with previously captured information. It may also show relatively lower exposure in a segment where data loses value quickly. Analysis needs to recognize these differences to support prioritization.

GWK’s approach incorporates the temporal horizon into the interpretation of technical evidence. This makes a decisive aspect of HNDL explicit: protection must be assessed throughout the entire period in which information remains valuable.

Method and sources

One edition, one reference dataset.

The aggregates come from the October 7, 2026 edition of the IEQ V2 base, with 80,182 organizations and an anonymity floor of K = 30. This edition preserves the data used, independently of subsequent catalog updates.

The public analysis describes observed surfaces and uses sector-level temporal parameters. IEQ is an exposure index: its values are not percentages of attack probability. The collection does not demonstrate traffic capture by adversaries, and the model is not calibrated against confirmed instances of HNDL exploitation.

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Matheus Rufino

About the author

Matheus Rufino

Founder & CEO · GWK Security

PhD in Physics

Leads the scientific and strategic direction. Principal author of the IEQ formal framework.

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