Hong Kong’s banks score a 2.3 out of 10 on quantum readiness, HKMA says
Readiness matters because quantum computing poses a real long-term risk to the cryptography that underpins modern finance. Banks are especially vulnerable to “harvest now, decrypt later” attacks, which the Bank for International Settlements’ Project Leap has flagged as an immediate threat to the financial system. The harvest now, decrypt later means that malicious entities could…