Bank began to use quantum computings for protection cyber attacks for the first time

At the end of June, 2019 it became known that ABN Amro the first among banks began to use quantum computings for fight against cyber attacks. For this purpose the Dutch company began cooperation with research  institutomqutech which is created by the Delft University of Technology together with the Dutch organization of application scientific research (Netherlands Organisation for Applied Scientific Research).

One of the directions of partnership of ABN Amro and QuTech will become creation of a new form of distribution of quantum keys thanks to which several users will be able to communicate with each other and to exchange unique and complex codes. Intercept messages in this case is "impracticable", consider in ABN Amro.

ABN Amro the first among banks began to use quantum computings for protection against cyber attacks

The bank intends to use quantum computings for the protected work of the systems of Internet and mobile banking.

It is time for all of us to pass from words to case, time to work came. We can only hope that this technology development will be implemented as soon as possible — the Chief information security officer of ABN Amro Martijn Dekker reported.

The bank is sure that quantum computers are capable to introduce a lot of things useful in future applications and technologies in the financial sector, however they can be used not only for the good.

According to the ComputerWeekly portal, in the future quantum computers will be able to crack cryptography techniques, and the modern systems for protection of the Internet and mobile banks will be not enough.

The director of business development in QuTech Turned sour Eykel (Kees Eijkel) says that thanks to ABN Amro at last it was succeeded to test quantum technologies in actual practice. Each of partners added "special and necessary specialization" to the project, he added.^[1]

Notes