- “Research from Juniper Research has suggested that cybercriminals will have stolen 12 billion records by the time we reach the end of 2019 and estimate that could be as much as 33 billion in 2023.
- Bloomberg has reported that Google’s most advanced quantum computer, Sycamore, could solve a computational task that would take a traditional model 10,000 years, within just 3 minutes.
- There are several ways that quantum computing could impact banking. Quantum Cryptography Financial data that can be encoded with quantum cryptography will be far more secure than any other kind of digital security method. Data in a quantum state is always changing state meaning it cannot be read, prevent ambitious hackers from getting their hands on too much information.
- Reports say that major banks like Barclays and JP Morgan are already looking towards quantum computing as a way to secure their future.”
Robin Trehan
Senior VP at Deltec International