Quantum Computing's Impact on Secure Payments: A Call for Post-Quantum Cryptography Adoption to Mitigate Emerging Cybersecurity Risks

Quantum computing poses both a threat and an opportunity for secure payments. While it can break current encryption methods like RSA and ECC, it also offers solutions like Quantum Key Distribution (QKD) for ultra-safe cryptographic keys. * Current payment systems rely on encryption protocols vulnerable to quantum computers. * Quantum computers can break RSA and ECC encryption schemes rapidly. * Post-quantum cryptography (PQC) is being developed to resist quantum attacks. * QKD uses quantum mechanics for ultra-safe key generation. * Quantum computing can optimize fraud detection and enable faster, more secure transactions. * Businesses should adopt quantum-resistant cryptography and invest in cybersecurity research. Companies and financial institutions should invest in PQC solutions and enhance workforce expertise to prepare for the quantum future.