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Caute_cautim
Community Champion

Singapore Alerts Banks to Brace for Quantum Computing Cyber Threats

Hi All

 

Singapore has issued a warning to its banks and financial institutions, urging them to prepare for the emerging cyber threats posed by quantum computing. This move underscores the urgency to bolster cybersecurity measures in anticipation of quantum computing’s potential to break traditional encryption methods.

Key Highlights:

  • Singapore is building a National Quantum-Safe Network for robust cybersecurity.
  • The network aims to protect critical infrastructure and sensitive data.
  • It involves comprehensive public-private partnerships for its development and implementation.
  • The initiative includes deploying quantum key distribution and post-quantum cryptography.
  • Over S$8.5 million allocated for the project over three years with more than 15 collaborators.

https://pc-tablet.com/singapore-alerts-banks-to-brace-for-quantum-computing-cyber-threats/?utm_campa...

 

Has your organisation started the journey?

 

Regards

 

Caute_Cautim

1 Reply
Kyaw_Myo_Oo
Contributor II

Thanks for providing that information @Caute_cautim.

 

 

 

 

Kyaw Myo Oo
Manager , CB BANK PCL
CCIE #58769 | PCNSE | CCSE | CISSP | PMP