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Insurance Industry Warned to Prepare for Quantum Encryption Risks

Insurance industry urged to prepare for quantum computing risks that could break encryption. TinyGems and D-Wave Quantum Inc. featured in new report.

Quantum computing's potential to break public-key encryption poses an existential threat to the insurance industry, which relies on secure digital transactions and data protection. As quantum advancements accelerate, insurers must proactively upgrade to post-quantum cryptography to avoid catastrophic data breaches and maintain customer trust. This news matters because it highlights a looming cybersecurity crisis that could disrupt the entire financial ecosystem, urging immediate action from industry leaders.