Quantum computing threatens the security foundations of global financial systems, exposing long-lived data and signed digital assets to “harvest-now, decrypt-later” attacks. While the timeline for cryptographically relevant quantum computers remains uncertain, regulatory signals from the USA, UK, EU, Canada, and Australia converge: financial institutions and payment infrastructures must begin migrating to post-quantum cryptography (PQC) now to preserve confidentiality, integrity, and systemic stability. This paper maps emerging standards and roadmaps, contrasting binding requirements like the EU’s DORA crypto-agility provisions with non-binding guidance from NIST, ENISA, and ETSI. Despite a shared intent to secure high-risk use cases by 2030–2031 and complete migration by 2035, divergences in enforcement and milestones create uncertainty for cross-border banks and financial market infrastructures. In parallel, technical adoption is advancing: major browsers, cryptographic libraries (OpenSSL/BoringSSL), and CDNs (e.g., AWS CloudFront) have deployed hybrid PQC key exchange in TLS 1.3, proving confidentiality defenses are viable at internet scale. The paper synthesizes historical transition lessons, sector-specific regulatory drivers, and operational constraints in payment infrastructures to derive a new, principle-based migration: crypto-agility, risk-prioritized scoping, hybrid deployment, vendor and supply-chain alignment, independent testing, and proactive supervisory engagement. Acting now reduces long-tail exposure and ensures readiness for imminent compliance and interoperability deadlines.
Building similarity graph...
Analyzing shared references across papers
Loading...
Colin Sokol Kuka
Sanar Muhyaddin
Phoey Lee Teh
Wrexham University
Wrexham Maelor Hospital
Building similarity graph...
Analyzing shared references across papers
Loading...
Kuka et al. (Mon,) studied this question.
www.synapsesocial.com/papers/698c1d1d267fb587c655fb21 — DOI: https://doi.org/10.3390/fintech5010016