Hong Kong's Central Bank Highlights Low Quantum Security Preparedness Among Banks
The Hong Kong Monetary Authority (HKMA) has raised concerns about the low quantum security preparedness of local banks, scoring only 2.3 out of 10. A new Quantum Preparedness Index reveals the urgency for banks to enhance their defenses against potential quantum threats by 2030, coinciding with the city's move towards tokenized finance.
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HKMA warns Hong Kong banks lag on quantum security
Hong Kong banks scored 2.3 out of 10 for quantum readiness as the HKMA targets full post-quantum preparedness by 2030.
Hong Kong’s central bank puts a number on lenders' quantum preparedness. It's very low.
The Hong Kong Monetary Authority published a whitepaper on the quantum preparedness of Hong Kong’s banking industry and its first Quantum Preparedness Index.
Hong Kong prepares banks for quantum threats amid tokenization push
The HKMA aims to make Hong Kong’s banking sector fully prepared for quantum-related security risks by 2030 as the city expands tokenized finance.