FCA urges financial firms to immediately prepare for the migration to post-quantum cryptography
Act now to be resilient in the quantum future
AI-assisted source summary · not independently verified. Content standards
FCA urges financial firms to immediately take stock of their existing cryptographic technologies and plan their migration to address the security risks that future quantum computing may pose. NCSC recommends that firms complete migration planning by 2028, begin high-priority migrations by 2031, and migrate all systems, services and products to post-quantum cryptography by 2035. FCA also said it is piloting a regulatory self-assessment tool and will consult on cyber resilience guidance.
The 2028, 2031 and 2035 milestones set out by NCSC correspond to planning, high-priority migration and full migration, helping financial firms break down the preparation timeline for the migration to post-quantum cryptography.
Source:FCA (UK) · fca.org.uk