CoinDesk·3 min read·medium
Hong Kong’s central bank puts a number on lenders' quantum preparedness. It's very low.
O
Omkar Godbole
✦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.
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