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Financial and Government Sectors Urged to Prepare for Quantum Computing Threats

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Financial firms, government agencies, and other sectors are advised to prepare for the eventual arrival of quantum computers, which pose a significant risk to current encryption standards. The Financial Services Information Sharing and Analysis Center (FS-ISAC) warns that delaying the adoption of post-quantum encryption leaves firms vulnerable to future threats. Sensitive data harvested today could be decrypted in the future by quantum computers, necessitating immediate action. The FS-ISAC and other experts emphasize the need for cryptographic agility and the adoption of post-quantum cryptography to mitigate risks. The timeline for preparing for quantum computing threats is pressing, as the time required to secure data and upgrade encryption systems must occur before the arrival of a cryptographically relevant quantum computer (CRQC).

Timeline

  1. 13.10.2025 18:01 1 articles · 1d ago

    FS-ISAC Warns of Quantum Computing Threats to Financial Sector

    In late September, the Financial Services Information Sharing and Analysis Center (FS-ISAC) warned that crypto-procrastination is resulting in financial firms being unprepared for the future threats and data risks posed by quantum computers. The FS-ISAC emphasizes the need for cryptographic agility and the adoption of post-quantum encryption to mitigate risks. The timeline for preparing for quantum computing threats is pressing, as the time required to secure data and upgrade encryption systems must occur before the arrival of a CRQC.

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