RBA’s Bullock confident in banks’ ability to meet quantum risks
Central bank governor says more innovation and collaboration will be needed in future
Reserve Bank of Australia governor Michelle Bullock said she is confident financial institutions are aware of the risks posed by quantum computing and are working to mitigate them.
Speaking at an event in Sydney today (October 24), Bullock said that the Advanced Encryption Standard had been developed to “meet the challenge” of quantum computing, though mitigating quantum risks would require continued vigilance. According to a strategy document published by the RBA in 2023, Australia’s card
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