U.S. Department of the Treasury Establishes Quantum Preparedness Task Force to Drive Financial Sector Transition to Post-Quantum Cryptography

TechFlow reports that on August 25, the U.S. Department of the Treasury announced the establishment of the "Quantum Readiness Working Group", aimed at supporting the financial sector's orderly and operationally resilient transition to quantum-safe technologies. The working group will adopt a public-private partnership model, focusing on areas such as post-quantum cryptography migration, third-party and vendor readiness, digital assets, and emerging technology risks, to address long-term cybersecurity challenges that future quantum computing may pose to the cryptographic protection of financial data, payment systems, digital identities, and market infrastructure.