Hong Kong banks in early stages of preparing for quantum computing threats, HKMA says

Hong Kong’s banking sector is still in the early stages of preparing for cybersecurity risks posed by quantum computing, the city’s de facto central bank said on Monday as it unveiled a new benchmark to track the industry’s readiness. The Hong Kong Monetary Authority (HKMA) launched its first Quantum Preparedness Index (QPI), which gave the sector a score of 2.3 out of 10, indicating that most banks are still building the foundations for a transition to the quantum era.