Navigating Towards a Quantum-Resilient Financial System

The World Economic Forum (WEF) has released a report projecting a quantum revolution in the financial sector, anticipating investments to reach $19 billion by the 2030s and up to $850 billion in the next 30 years. While highlighting economic opportunities, the report warns of cybersecurity threats arising from the digital to quantum transition, potentially jeopardizing global financial system stability.

Developed with the Financial Conduct Authority (FCA), the report proposes a roadmap for stakeholders, emphasizing global collaboration. The four guiding principles include maximizing existing tools, defining shared requirements, fostering transparency, and avoiding regulatory fragmentation. The report underscores the need for a global public-private approach to ensure a secure transition amid the impending quantum economy era.