U.S. Department of Defense Looks to Address Quantum Computing’s Threat to Encryption

Defense Department must assess threats posed by quantum computers Key points… +  The U.S. Department of Defense must assess the national security threats posed by quantum computing, under the new annual defense policy. + The fiscal 2021 National Defense Authorization Act, which became law New Year’s Day after the Senate overrode President Donald Trump’s veto, […]

Preparing for the Post-Quantum Era, JPMorgan and Visa Get to Work

Visa, JPMorgan Are Already Preparing for Potential Quantum Cyberattacks Key points… +  Experts say quantum-computing cyberattacks could be more than a decade away, based on the technology’s rate of progress, but the consequences could be so severe that companies and cryptographers world-wide are preparing now. Visa Inc. and JPMorgan Chase & Co., for example, are […]

Scotiabank, Xanadu, BMO Group Explore Migrating to Quantum-Safe Encryption

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Scotiabank, Xanadu, BMO Group Explore Migrating to Quantum-Safe Encryption Scotiabank gears up for the quantum computing age Excerpts and salient points ~ +  Scotiabank has been working with BMO Group and Toronto-based photonic quantum computing specialist Xanadu to explore how to increase the speed and accuracy of computations in trading. The proof-of-concept used an algorithm […]