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The emergence of quantum computing presents a unique set of challenges and opportunities for data security and privacy. As Microsoft reveals its new quantum chip, the industry must prepare for the significant threats that stable quantum computing poses to existing encryption methods. 

• Microsoft announces a new quantum processing chip 
• Potential risks to encryption and data security 
• Industry skepticism toward claims of rapid advancements 
• Understanding the mechanics of quantum computing 
• Implications of quantum technology for various sectors 
• The need for proactive planning and strategy for security professionals

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