Equinix warns financial institutions face quantum encryption risks today
EQIX•Equinix warned financial institutions to accelerate migration to post-quantum cryptography as attackers harvest encrypted data for possible future decryption. Technology companies target quantum readiness by 2029, while regulators’ final deadline for most use cases is 2035.
1. Migration and crypto-agility
Equinix said long data-confidentiality requirements and lengthy migrations mean financial datasets may already be exposed to quantum threats. Larger cryptographic keys increase computing demands, making adaptable infrastructure important. The company said financial institutions need ongoing crypto-agility to replace algorithms without redesigns, even after completing post-quantum migration.
