Big US Banks Prepare for Quantum Threat

In a recent news article published by Bob’s Guide,  reporter David Beach discusses the security of large US banks with Quantum Xchange CEO, John Prisco. With the race on to protect data, investors and interest build and show promise in quantum key distribution.

Prisco describes the threat as real and the move to quantum computing must happen globally. He went on to say, “This is like the space or arms race and it’s the sort of race the US can’t afford to come second in.”  Piloting a QKD network in the eastern US, Quantum Xchange continues to work with several large financial institutions. With a goal of later this year, Prisco says, “We should have many of these pilots converted into customers. I think that’s very likely and a reasonable timeframe – we may do it sooner.”

As the QKD market grows, firms are taking note. However, the Chinese government has invested 10 billion into quantum computing while the US has appropriated 1.2 billion and enacted a Quantum Initiative Act to protect critical infrastructure.

Read the full story: Large US Banks UP Security To Get Ahead of Quantum Threat



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