Unlikely. The recent work doesn't improve our ability to factor large integers, the key to modern cryptography. If someone created a function that instantly produced the prime factors for large integers without the present difficult process, that would change everything, but that's not a likely outcome.
The next real challenge to modern cryptography isn't this work, but quantum computing. If quantum computing came to full flower with no obstacles sometime in the future, that would represent a basic change because it would perform an end run around the present computational difficulties that assure the security and reliability of our present methods.