A report warns quantum attacks could compromise $3 trillion in digital assets and global financial systems within four to seven years.
A new report highlights that quantum computing poses a severe risk to $3 trillion in digital assets secured by elliptic curve cryptography. The threat extends to banking systems, military communications, and digital identities, with vulnerabilities emerging as early as 2030.
The report estimates a “Q-Day”—when quantum computers break public-key cryptography—could occur between 2030 and 2033. Migrating infrastructure to post-quantum cryptography may take a decade, requiring costly coordination across institutions and networks.
Digital assets, including Bitcoin and other blockchains, face potential theft if migration efforts fail to keep pace with quantum advancements. The report underscores the urgency of preparing financial and digital systems for post-quantum security.