NSA building new quantum computer to break all encryption

The US National Security Agency is planning to build a "cryptologically useful quantum computer" in order to break almost all encryption worldwide.

The latest documents revealed by former NSA contractor Edward Snowden said the quantum computer will be “exponentially faster than other classical computers,” The Washington Post said in a Thursday report.

"The application of quantum technologies to encryption algorithms threatens to dramatically impact the US government's ability to both protect its communications and eavesdrop on the communications of foreign governments," an internal NSA document said.

The new computer would be able to crack nearly every kind of encryption used to protect banking, medical, business, and government records around the world.

The project is part of a $79.7 million dollar research program titled, “Penetrating Hard Targets.”

The effort is centered at a laboratory in College Park, Md.

“It seems improbable that the NSA could be that far ahead of the open world without anybody knowing it,” according to Scott Aaronson, an associate professor of electrical engineering and computer science at MIT.

The report came after another revelation that the US spy agency uses tools and techniques to gain access to computers, hard drives, routers, phones and other devices.