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Financial sector urged to adopt post-quantum cryptography amid quantum computing threat

By PulseAugur Editorial · [1 sources] ·

The financial sector's reliance on current encryption methods is at risk due to the impending development of cryptographically relevant quantum computers, estimated to be available within a decade. Experts emphasize the need for financial institutions to begin migrating to post-quantum cryptography (PQC) now, as data intercepted today could be decrypted later. A coordinated roadmap from the G7 Cyber Expert Group suggests 2035 as a target for migration, with critical systems potentially needing earlier updates between 2030 and 2032. Challenges in this transition include accurately inventorying all cryptographic assets, especially those hard-coded or embedded in third-party products, and establishing continuous governance rather than one-time discovery. AI

IMPACT Financial institutions must prepare for quantum-resistant encryption to protect sensitive data from future decryption capabilities.

RANK_REASON Article discusses the implications of future technology on current infrastructure and provides expert opinion on necessary preparations.

Read on Forbes — Innovation →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Financial sector urged to adopt post-quantum cryptography amid quantum computing threat

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Article discusses the implications of future technology on current infrastructure and provides expert opinion on necessary preparations.
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policy, infra
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COVERAGE [1]

  1. Forbes — Innovation TIER_1 English(EN) · Dr. Najwa Aaraj, Forbes Councils Member ·

    Post-Quantum Cryptography In The Financial Sector: Protecting Trust In The Quantum Era

    Financial institutions cannot delay post-quantum cryptography until cryptographically relevant quantum computers are released.

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