Quantum computers will break traditional encryption algorithms, and it will most likely happen a few short years from now. Cyber-criminals are already working to take advantage of this: They’re gathering encrypted datasets today and waiting to decrypt them once powerful quantum computers become widely available. Harvest now, decrypt later (HNDL) attacks could be particularly damaging in the financial services industry, where protecting sensitive data is essential and the penalties for failing to do so are high. Preparing for post-quantum cryptography (PQC) is among the top cybersecurity priorities facing financial institutions today. To paraphrase Giuseppe D’Acquisto from the Italian Data Protection Authority,…

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