Post-Quantum Risk: The Financial Industry’s Y2K Moment—Only Much Bigger

In his latest TalkMarkets article, investment fraud attorney Jake Zamansky shares insights into the latest threat that may affect many unsuspecting investors with brokerage accounts.

Investors may recall the turn-of-the-century fears associated with Y2K, but the looming dangers of quantum computing could have far greater consequences. Given enough time and advances in quantum computing, they will be able to decrypt the security measures protecting brokerage accounts, bank accounts, cryptocurrency wallets, medical records, and more. Quantum computing experts have nicknamed the day quantum computers can decrypt these security measures “Q-Day”.

Financial institutions should be preparing now with post-quantum security solutions to prevent the compromise of customer assets and information. If your brokerage doesn’t take action and you lose money as a result, contact our office to discuss your legal rights and options.