The G7 Central Bank Quantum Technology Working Group has issued its first public report warning that quantum computing could undermine traditional financial encryption, with a code-breaking quantum computer likely to emerge within the next decade.
According to NS3.AI, the report recommends that institutions catalog encrypted assets, begin transitioning to post-quantum cryptography, and strengthen multi-party collaboration to prepare for potential risks.
The working group said these steps are intended to help mitigate future vulnerabilities as quantum capabilities advance.
G7 Central Bank Group Warns Quantum Computing Could Threaten Financial Encryption Within a Decade
2026-06-15 13:14:36
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