HSBC Trials Advanced Quantum Data Security in the Fight Against Cybercrime
The post HSBC Trials Advanced Quantum Data Security in the Fight Against Cybercrime appeared first on Coinpedia Fintech News
HSBC is leading the way as the first British bank to test an advanced information security system developed by BT Group, Amazon’s AWS cloud, and Toshiba. This cutting-edge system employs quantum keys to protect against cyber attacks, safeguarding billions of dollars in transactions. With the potential obsolescence of current encryption methods due to quantum computers, the finance industry is actively investing in sophisticated cybersecurity measures. HSBC’s Chief Information Security Officer, Richard Cebron, emphasized the bank’s commitment to outsmarting cybercriminals and maintaining a proactive stance against cybercrime.
