Act now to be resilient in the quantum future
Quantum computing will bring significant opportunities to the UK financial sector, but firms need to act now to prepare for a world where a viable hostile quantum computer could break today’s widely used cryptography standards.The financial sector depends on secure information and communication. Cryptography – of which encryption is just one part – helps firms protect their clients’ data, verify who they are...
What happened
Quantum computing will bring significant opportunities to the UK financial sector, but firms need to act now to prepare for a world where a viable hostile quantum computer could break today’s widely used cryptography standards.The financial sector depends on secure information and communication. Cryptography – of which encryption is just one part – helps firms protect their clients’ data, verify who they are...
Why it matters
The development may change operating conditions or market expectations around Regulation. Further confirmation and measurable outcomes matter.
Affected entities
View evidence
1 reports · 1 original report · 1 independent
- Financial Conduct AuthorityPrimary source · Supports · EN · 100%Act now to be resilient in the quantum future ↗
Claims
- Act now to be resilient in the quantum future Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
Market move following event
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