Quantum computers are expected to solve some computational problems that are intractable with today's supercomputers. A worldwide race is on to build more and more powerful quantum computers. Google's Quantum Supremacy demonstration in 2019 has only been one of the first steps on this path. Along with many opportunities, quantum computing creates a significant risk for the whole industry. The same quantum computers that can be used to design new materials and drugs will be able to crack encryption, potentially exposing secrets. This presentation shows how we are impacted and what are the essential steps to mitigate the risk.