The FCA has published a thought-leadership piece urging financial services firms to start preparing for post-quantum cryptography.
It highlights the importance of understanding where cryptography is used, setting risk-based migration objectives and ensuring senior management allocates sufficient resources for a safe transition.
The National Centre for Cyber Security has three milestones to prepare: firms have a migration plan by 2028, high-priority migration by 2031 and migration of all systems, services and products by 2035.
Members may wish to share the article with their technology, cyber-security and operational-resilience teams.
If you are concerned about quantum risk, please let us know so we can raise it with policymakers.