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Quantum Computers May Crack Codes; Financial Industry to Push for Encryption Projects
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The rapid development of quantum computers may pose a threat to current financial transaction encryption mechanisms in the future. The Financial Supervisory Commission (FSC) recently issued new guidelines requiring the financial industry to conduct early assessments of systems and risks, gradually introduce next-generation encryption technologies, and aim to complete a full migration by 2035. The FSC emphasized that this upgrade is a basic techn…
·New York, United States
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