Informative Report - Quantum Computing Risks to the Financial Services Industry

Available format(s)

Hardcopy , PDF

Language(s)

English

Published date

02-14-2019

Publisher

American National Standards Institute

This report will provide: • A description of how quantum computers work, and the different architectures being experimented with today • A description of the technological hurdles remaining that are thwarting advancement to a large-scale quantum computer • A list of the major companies, agencies and states participating in the race to create a stable, large scale, general purpose quantum computer • An estimate of when a large scale, general purpose quantum computer (QC) will be operational • Methods a quantum computer could use to break encryption, and how these attacks will specifically affect the different cryptographic methods used today • Updates on the work being done by NIST to identify post-quantum algorithms • Guidance for financial services organizations to mitigate quantum computing risk • Steps that X9, as a standards body, needs to take over the next few years to prepare for the post-quantum world