Industry Perspectives:
Financial Industry

Post-Quantum Cryptography Is Redefining Financial Security —
Is Your Organization Ready?

Quantum breakthroughs threaten the cryptographic foundations of banking, payments, and digital assets. Regulators and experts agree: the time to prepare is now.

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Why This Matters

“Central banks, regulators, and cybersecurity authorities all warn that financial institutions must prepare for the quantum threat today. Delaying migration to post-quantum cryptography could expose sensitive data, payments, and digital assets to catastrophic breaches.”

Experts agree that systems should be updated to quantum-safe cryptography sooner, especially those holding high-value, long-life information.”
— OSFI
Quantum computing will render traditional cryptography unsafe by 2029… ‘Harvest-now, decrypt-later’ attacks may already exist.
— Gartner
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What You’ll Learn

  • Latest guidance from Bank of Canada, OSFI, and BIS

  • The 4 critical risks every financial institution must assess

  • Implications for payments, compliance, blockchain, and data security

  • A practical roadmap to building quantum resilience today

“In one anticipated scenario, these threat actors use the quantum computers of the near future to access data that today would be considered inviolate.”

— Phil Venables, CISO, Google Cloud

Risks Financial Leaders Cannot Ignore


Payments & Transactions

“Quantum threats could allow attackers to forge payment authorizations or replay transactions.” — BIS Guidance


Blockchain & Digital Currencies

“Roughly a quarter of all Bitcoins … could be cracked by quantum computers in five or 10 years.” — Gartner (Avivah Litan), via Barron’s


Compliance & Regulation

“It is critical that organizations begin to plan for many of the technological and operational challenges that a migration to post-quantum cryptography will present.” — William Newhouse, NIST NCCoE


Who This Industry

Perspective Is For

This Industry Perspective is designed for:

  • CISOs, CTOs, and CIOs

  • Risk, Compliance, and Governance leaders

  • Banking, payments, and fintech executives

  • Anyone responsible for protecting high-value digital assets

QCrypt Canada Leads the Way

QCrypt Canada empowers financial organizations to become crypto-agile — ready to adapt to the challenges of quantum computing. With over 75 years of combined expertise, we provide proven methodologies, advanced post-quantum solutions, and trusted guidance across Canada.

The goal is straightforward: ‘all instances of public-key cryptography must be migrated’ to protect Canadian systems and citizens’ data from the looming quantum threat.
— Canadian Centre for Cyber Security

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The Quantum Era Won’t Wait. Neither Should You.

Financial services that still rely on traditional computing technology for cryptography will fail if they don’t quickly adopt a strong post-quantum cryptography methodology.
— Matt Sickles, CDW
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