The EPAA is sounding the alarm for the APAC financial sector, stating that quantum computing poses a serious risk to widely used infrastructure such as open banking and digital wallets. CEO Camilla Bullock warned that while quantum computing holds great potential, “in the wrong hands it poses serious risks,” noting that scammers are already gathering encrypted data to decrypt later. The EPAA’s report highlights an urgent awareness gap, as less than a quarter of senior executives participating in regional workshops recognized the quantum threat to current cryptography. Successfully addressing this global threat will require immediate and coordinated action across the entire industry.
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