HSBC Tests Quantum Tech in London to Guard Against Future Hacks
- Quantum key distribution could be part of future cybersecurity
- Quantum computers could render current encryption useless
This article is for subscribers only.
HSBC Holdings Plc will become the first British bank to test an advanced data-security system being run by UK telecom giant BT Group Plc, Amazon.com Inc.’s AWS cloud and Japan’s Toshiba Corp.
So-called quantum key distribution is a type of cyber defense that financial institutions think could help protect trillions of dollars of transactions from increasingly sophisticated hackers in the future.