The Critical Role of Cryptography in Banking Security #quantumcomputing #science #future #live

Dr Philip Interlura is head of quantum technology at HSBC We process three point five trillion pounds worth of payments every year So cryptography is a big deal for us How much of a catastrophe would this be if people just sat back and did nothing Well ultimately you're going to have customers' accounts being breached which means things like identity theft and fraudulent transactions Money being stolen Money being stolen That's then going to roll into financial losses Customers will lose money The banks will lose money But I think ultimately the biggest risk of all is the element of trust If customers can't trust their bank to keep their accounts and their money secure as well as their data then it's kind of an existential risk Yeah I mean that is a fundamental part of banking @ https://youtu.be/1_gJp2uAjO0?si=DBFTI7GugdELYxXT If you enjoy our content and want to help us, consider making a donation! Every little bit helps us improve and bring you more of what you love. 👉 https://streamlabs.com/thingstoknow-p8z/tip 👈 Thank you for your support! 💖