Big banks seek solace in quantum-proof encryption

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Barclays, JP Morgan and Societe Generale have told Risk.net they are preparing new encryption algorithms that will provide protection against quantum computing once the standards have been approved by the US Department of Commerce’s physical sciences laboratory.

Although the next generation of computing will facilitate helpful advances in many areas of finance, the technology also has nefarious uses. Chief among these is the ability to crack the cryptographic algorithms currently used in

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