The recent report from the G7 Cyber Expert Group (CEG) is a major warning for the entire financial sector. It must be said that quantum computing, with its potential for massive transformation, opens unprecedented prospects for optimizing financial processes, transactions, and risk management. However, this technological revolution also brings about major risks, particularly in terms of the cryptography upon which our current security systems are based.
The powerful capabilities of quantum computers could soon make traditional encryption algorithms obsolete, thus exposing sensitive data to unprecedented attacks. Worse still, “Harvest now, decrypt later” strategies are already in place, collecting data today for the purpose of decrypting it in the near future.
This G7 CEG report demonstrates that the transition to post-quantum cryptography (PQC) is no longer an option: it has become a necessity in order to protect the integrity of the world's financial systems.
At Veintree, we are already prepared for this revolution. Our “post-biometric” authentication solution, which is based on scans of the unique venous networks of hands and combined with advanced cryptography technologies that are ready for the quantum era, offers robust and “natural” protection for financial institutions. We have anticipated these challenges and designed solutions which guarantee maximum security and fully respect user confidentiality.
Veintree has positioned itself at the forefront of this transformation. We are ready to collaborate with public and private players in order to secure the future of finance, a mission that we consider essential.
Together, we can anticipate quantum threats and build resilient systems, thereby protecting sensitive data and transactions for the long term.
The future of digital threats is already here and preparing its implementation. Let's be ready to face these threats by integrating highly resilient barriers for the worldwide financial sector. 🌐🔒