Europol body: Banks should prepare for quantum computer risk now

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Europol body: Banks should prepare for quantum computer risk now - Channel News Asia

Quick Summary:

AMSTERDAM : Europe's financial sector should start preparing now for quantum computers to be able to break some forms of encryption widely used to protect sensitive data, a Europol-led body set up to address the issue said on Friday".

FILE PHOTO: A view shows the European Central Bank (ECB) building, in Frankfurt, Germany October 27, 2022.

"Quantum computers capable of posing such threats are expected to be available within the next 10 to 15 years, though this timeline could accelerate".