The quantum threat to financial services

703 2017-10-19T09:00:00.000Z

SWIFT Institute
Institute for Quantum Computing, University of Waterloo

Emerging technologies are harnessing quantum effects for more powerful computation, more secure communication, better sensing, and many more applications yet to be discovered. Can any of this help financial services?

Maybe, but quantum computers will break the foundations of our current information and communication systems, including cloud computing, the internet, and payment systems. So before reaping the benefits of full-scale quantum computation, we must retool with new cryptographic foundations for cybersecurity designed to be safe in the quantum era.

When is the quantum threat likely to become reality? Is your organization ready? Will your systems collapse? Will your current information assets be compromised in the future when quantum computers become available? Do vendors have this under control? Will blockchain survive?

What can organizations do to protect against the quantum threat in a non-disruptive, cost-effective and timely manner?