MAS to conduct quantum security trials with major banks
Experiments on quantum key distribution aim to enhance financial sector’s cyber resilience
The Monetary Authority of Singapore (MAS) is to conduct experiments over the coming months to tackle the cyber risks that quantum computing poses to financial services.
The MAS announced on August 14 that it had signed a memorandum of understanding (MoU) with banks DBS, HSBC, OCBC and UOB, and technology firms SPTel and SpeQtral.
The signatories to the agreement will jointly explore quantum security and study the use of quantum key distribution (QKD) in financial services. QKD is a secure
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