How quantum computing puts Asia’s financial systems at risk

Asia's financial systems are at risk from quantum computing technology, which could potentially break public-key cryptographic protocols within five to ten years. Only a few major economies like China, Japan, South Korea, and Singapore have strategies to protect their systems, while most other institutions remain vulnerable due to inadequate preparation. Quantum computing can solve complex problems much faster than classical computers but also poses threats by compromising secure financial transactions, forging digital identities, and attacking stored data. This vulnerability is particularly concerning as digital wallets and real-time payment systems become more integrated into financial operations across the region.

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