HKMA and HKUST launch toolkit to help banks prepare for quantum threats

Community Trust Score Verified 95 % Real Verified 22 votes Updated 5 minutes ago The Hong Kong Monetary Authority (HKMA) and the Hong Kong University of Science and Technology (HKUST) announced a post-quantum cryptography assessment toolkit on November 2. The initiative is designed to help banks identify where current cryptographic systems may require upgrades as quantum computing capabilities advance. The announcement describes the release as a preparation program rather than a declaration that quantum computers have already broken banking or cryptocurrency encryption.