← Latest news 
Banks urged to switch to quantum resistant encryption before computers crack today’s codes
Economy
Published on 24 April 2026
Finance ministry warns current encryption may fall
The finance ministry has asked India’s public sector banks to explore quantum-resistant encryption as a shield against future quantum computing threats. Experts say quantum computers could eventually break today’s widely used encryption. The push aligns with the National Quantum Mission’s work on quantum communication networks, aiming to keep financial systems secure as the technology landscape shifts.
- Finance ministry directs public sector banks to study quantum-resistant encryption
- Experts caution quantum computers could break existing encryption methods
- Efforts are meant to protect banking systems against future cyber threats
- National Quantum Mission is building quantum communication infrastructure
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times