Treasury launches task force to prepare financial sector for quantum cyber threats
Brief
The Treasury Department announced a new effort Monday to help the financial sector replace widely used cryptographic tools that could eventually be broken by quantum computers.
The Treasury Announces the Quantum-Readiness Task Force
- U.S. Department of the Treasury ” Quantum-Readiness Task Force will bring together government officials, financial institutions, market infrastructure operators and technology providers to coordinate the shift to post-quantum cryptography. Those protections are designed to withstand attacks from both conventional computers and future, more powerful quantum systems.
Financial institutions are widely considered high-value targets for hackers because they hold vast amounts of money and sensitive data and operate payment systems whose disruption can ripple across the economy.