HSBC tests protecting FX trading from quantum computer attacks


A logo of HSBC is seen on its headquarters at the financial Central district in Hong Kong, China August 4, 2020. REUTERS/Tyrone Siu/File Photo

LONDON (Reuters) - HSBC has completed what it says is the world's first trial of a tool designed to protect highly sensitive financial data from cyber criminals seeking to harness the power of next-generation quantum computers to launch future attacks.

The British bank said it used the tool to safeguard a trade on its proprietary platform, HSBC AI Markets, exchanging 30 million euros for U.S. dollars.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Anthropic buys Super Bowl ads to slap OpenAI for selling ads in ChatGPT
Chatbot Chucky: Parents told to keep kids away from talking AI dolls
South Korean crypto firm accidentally sends $44 billion in bitcoins to users
Opinion: Chinese AI videos used to look fake. Now they look like money
Anthropic mocks ChatGPT ads in Super Bowl spot, vows Claude will stay ad-free
Tesla 2.0: What customers think of Model S demise, Optimus robot rise
Vista Equity Partners and Intel to lead investment in AI chip startup SambaNova, sources say
Apple plans to allow external voice-controlled AI chatbots in CarPlay, Bloomberg News reports
Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
US Justice Department casts wide net on Netflix's business practices in merger probe, WSJ reports

Others Also Read