BIS unveils ‘post-quantum cryptography’ project

Cyber crime

The Bank for International Settlements’ Innovation Hub unveiled a project exploring “post-quantum cryptography” as part of a new work programme on June 17.

Quantum computers in theory offer dramatically higher processing power than traditional computers, which might allow them to bypass central banks’ existing security. The BIS said this vulnerability “must be addressed” before quantum computers become available.

“This project will investigate and test potential cryptographic solutions that

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