DTCC: Outlines post-quantum security risks & considerations for the financial industry
- DTCC is the premier post-trade market infrastructure for the global financial services industry
- As quantum computing creates vast new possibilities to analyze and solve complex problems that are unsolvable by computers
- Issued a white paper that brings this risk into focus, while identifying initial steps organizations
- Experts estimate that quantum-based computers will one day have the power to break the industry’s existing cryptography
- Some experts estimate that the industry’s protected data could become vulnerable within the next decade
- The firm also suggests closely monitoring activities taking place within the regulatory community that address topics like standardization
