The Urgent Need for Post-Quantum Cryptography (PQC)

This report examines the growing security risks posed by the rapid evolution of quantum computing and artificial intelligence within the financial sector. Experts warn that advanced quantum systems could soon dismantle current cryptographic standards, necessitating an immediate transition to quantum-resistant protection. Furthermore, the rise of AI-driven fraud, such as deepfakes and synthetic identities, is increasingly compromising the verification gateways of traditional and digital banks. To combat these emerging threats, the text advocates for rigorous technical standards and collaborative governance to ensure long-term financial stability. Ultimately, the findings emphasize that institutions must proactively update their security frameworks to defend against the impending “key apocalypse.”