Sebi taking measures to ensure system safety in quantum computing era: Tuhin Kanta Pandey

Advent of quantum computing can lead to big security challenges, and Sebi is engaged in preparing the system to be safe ahead of its adoption, the capital market regulator’s chairman Tuhin Kanta Pandey said on Wednesday.

Pandey said quantum computing has the technological capabilities to make it possible for bad actors to compromise passwords, which were long presumed to be very secure and hence, it is necessary to prepare the system on this front.

Sebi has prepared an “action plan” to ensure quantum readiness of all the stakeholders that it regulates,…