Preparing Finance for Quantum Computing and Its Cybersecurity Risks
TL;DR Summary
The BIS paper emphasizes the urgent need for the financial system to prepare for quantum computing's potential to break current encryption, advocating for early adoption of quantum-safe cryptographic measures, coordinated planning, and exploring long-term solutions like quantum key distribution to ensure security and resilience.
Topics:business#cryptography#cybersecurity#finance#financial-stability#post-quantum-cryptography#quantum-computing
- Quantum-readiness for the financial system: a roadmap Bank for International Settlements
- Podcast Episode: Cryptography Makes a Post-Quantum Leap Electronic Frontier Foundation
- IBM Is Preparing for Encryption-Cracking Quantum Computers TipRanks
- Quantum tech is coming — and with it a risk of cyber doomsday politico.eu
- Quantum computers could bring lost Bitcoin back to life: Here’s how Cointelegraph
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
1 min
vs 1 min read
Condensed
72%
158 → 44 words
Want the full story? Read the original article
Read on Bank for International Settlements