CoinDesk·3 min read·medium

Hong Kong’s central bank puts a number on lenders' quantum preparedness. It's very low.

O
Omkar Godbole
Hong Kong’s central bank puts a number on lenders' quantum preparedness. It's very low.
AI Summary

The Hong Kong Monetary Authority released a whitepaper revealing that the local banking sector is largely unprepared for the security risks posed by future quantum computing. While awareness is growing, most banks have yet to formalize plans for post-quantum cryptography to protect against potential 'harvest now, decrypt later' attacks.

On Monday, the Hong Kong Monetary Authority (HKMA) published a whitepaper on the banking sector’s readiness for the quantum era, complete with its first Quantum Preparedness Index reading.

Continue reading on Headlinne

Create a free account to read the full article.

Read full article →
technologybusinessscience

Get the full story

Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.

Create free account

Already have an account? Sign in