Asset Owners Face $4.9 Billion Quantum Push as Cyber Threats Force Post-Quantum Checks
Updated
Updated · The Quantum Insider · May 13
Asset Owners Face $4.9 Billion Quantum Push as Cyber Threats Force Post-Quantum Checks
11 articles · Updated · The Quantum Insider · May 13
“Harvest now, decrypt later” risks make quantum computing an immediate governance issue for pension funds, endowments and insurers, which are being urged to check whether custodians, vendors and counterparties are moving to post-quantum cryptography.
2024 NIST standards and BIS warnings underpin that urgency: data stolen today could be decrypted later even though fault-tolerant quantum computers may still be years away.
JPMorgan Chase, BlackRock, Goldman Sachs and Vanguard are already building quantum partnerships and expertise, while HSBC and IBM reported early evidence of improved bond-trading predictions from current systems.
$4.9 billion of private venture investment flowed into quantum technologies in 2025, up more than 190% year over year, reinforcing the view that investors should address cyber exposure now while adding quantum readiness to manager oversight.
As financial giants invest in quantum advantage, will the high cost of security migration push smaller firms out of the market?
With investment in quantum 'lock-breakers' outpacing 'locksmiths' 10-to-1, is the global financial system prepared for the inevitable security crisis?
Data is being stolen now for future decryption. How can institutions defend against a threat whose deadline is completely unknown?
Facing the Quantum Threat: Urgent Steps for Asset Owners Amid a $97 Billion Technology Shift
Overview
Quantum computing is creating an immediate cybersecurity challenge for asset owners, as cryptographic exposure is no longer speculative. The urgency has grown since the US NIST finalized new post-quantum cryptography standards in August 2024, sparking a global race to secure data against future quantum attacks. These standards are quickly being integrated into industry protocols and technologies, ensuring that information in commercial products and services is protected. Organizations like the Internet Engineering Task Force are already adopting these algorithms, highlighting the need for asset owners to act now to safeguard their assets in a rapidly evolving threat landscape.