Earlier quoted context omitted.
> Hard to justify going to the trouble of encrypting your backup. 10 years from now, it might be as good as plain text. When has that happened? Public key cryptography and symmetric key cryptography are still doing fine as far as I'm aware, and the latter doesn't even seem to be vulnerable to quantum computing. Moreover, SHA-1 has been considered insecure for, what, at least 10 years? The fact that a cryptographic ha…
"Public/symmetric key cryptography" is just the name of the practice, of course it's doing fine. What's not doing fine is picking a particular set of ciphers/hash functions/signature scheme and expecting to not fail in 40 years.
Now, there are various kinds of hot attacks, such as side channel leaks, that always present a serious challenge in many threat scenarios. And it's certainly possible to have bad implementations of a solid algorithm. But for AES implementations are very mature, and side channel attacks do not apply to data at rest. So in the context of "will my encrypted ciphertext with all my deepest secrets [sitting on a drive/in the cloud/wherever] be crackable in 40 years" no, symmetric-key crypto with 256-bit keys is dependable at this point.
A false sense of defeatism is itself plenty dangerous to security.