G7 Cyber Expert Group releases roadmap for coordinating the transition to post-quantum cryptography in the financial sector

The G7 Cyber Expert Group (CEG) – chaired by the U.S. Department of the Treasury and the Bank of England – released a public statement today advising financial entities, authorities and suppliers of key considerations and potential activities for transitioning to quantum-resilient technology in a coordinated and timely way. 

Quantum computers have the potential to revolutionize the financial sector, unlocking significant new capabilities and opportunities for organizations. This is not without risk however – sufficiently advanced quantum computers have the potential to break widely used cryptographic protocols that protect our systems and data. 

The G7 CEG’s roadmap outlines several considerations for financial sector stakeholders, authorities and industry about the cryptographic risks associated with quantum computers. The roadmap and its associated timeline are not prescriptive, providing organizations with the flexibility to implement as appropriate for their unique situation. 

Read more at Treasury Department