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New Report Charts Roadmap to a Quantum-Secure Financial …
Jan 17, 2024 · In the face of this growing dilemma, the report, Quantum Security for the Financial Sector: Informing Global Regulatory Approaches – developed in collaboration with the Financial Conduct Authority (FCA) – provides a roadmap to guide stakeholders through this unpredictable and unprecedented transition. Recognizing the global nature of the financial sector and the …
Weforum.orgQuantum-secure financial sector: 4 principles to inform global
Jan 23, 2024 · Quantum computing provides disruptive opportunities to the financial sector, by advancing complex operations with projected investment expected to reach $19 billion by 2030s. Mitigating the quantum security threat is needed to fully harness these opportunities, and global regulatory approaches can trigger harmonized action.
Weforum.orgSafeguard CBDC systems in the post-quantum computing age
May 21, 2024 · CBDC systems rely on cryptographic mechanisms to safeguard “in-motion” data being transmitted, like many systems, such as sensitive customer, transaction, and market data. Thus, CBDC and other national payment systems, such as RTGS systems, are vulnerable to the quantum threat. The interconnected nature of these systems with platforms like
Weforum.orgThe world is heading for a 'quantum divide': here's why it matters
Jan 18, 2023 · Image: World Economic Forum. The planned global public spend in 2022 on developing quantum technology is estimated to exceed $30 billion, with China alone accounting for roughly half of that total and the European Union making up almost another quarter. The remaining quarter is distributed primarily among nine countries, led by the US, Canada
Weforum.orgTransitioning to a Quantum-Secure Economy | World Economic …
Sep 13, 2022 · Quantum computing promises transformative simulation and modelling capabilities across a diverse range of industries. However, these advances in computational power will also introduce significant risks via the potential threat of disruption to some widely used encryption standards. This white paper developed in collaboration with Deloitte, provides guidance for a …
Weforum.orgQuantum Security for the Financial Sector: Informing Global …
Jan 17, 2024 · Quantum technologies have the potential to revolutionize financial services, improving computation, modelling and fraud detection. However, they also pose significant cybersecurity risks of systemic disruptions. These risks underscore the need for a unified, global and cross-industry approach to quantum security.
Weforum.orgThis new form of currency could transform the way we see money
Apr 6, 2019 · CBDC is a digitized version of domestic currency where the central bank issues new money equivalent to – and redeemable for – its domestic currency, often removing the equivalent amount of currency from the money supply. It could be issued using distributed ledger technology, where transactions would operate and settle on a peer-to-peer basis.
Weforum.orgThe real mark of the beast: quantum financial system
Apr 14, 2020 · The beast system has very steadily worked towards a centralized form of government and a centralized credit system for decades, with financial and credit rating systems, social credit systems and the upcoming medical credit system, which will likely keep people from buying and/or selling basic necessities without receiving a vaccine and/or some arbitrary and …
Vigilantcitizenforums.comIs it time to modernize the global financial system?
Jan 15, 2024 · World Bank and International Monetary Fund leaders realize the urgent need to modernize the global financial system, refocusing where poverty and climate impacts are felt most. Davos 2024, the Annual Meeting of the World Economic Forum, takes place from 15–19 January in Davos, Switzerland. Nothing could be further from the convening of global
Weforum.orgAI and quantum technologies are transforming financial services
Jan 10, 2024 · AI and quantum tech are potent challenges to cybersecurity in the financial sector. Hackers are already using AI to develop more effective spearfishing tactics, analyze files containing customer data, mimic customer voices and activate fraudulent transactions using these fake voices. Banks must adopt a zero-trust strategy to protect all their
Weforum.org