Story perspectives

Sebi Urges Quantum-Resilient Security by 2029 Amid Threats

10/10/2025

Summary

Sebi Enhances Security

The Securities and Exchange Board of India (Sebi) is addressing potential disruptions from quantum computing that may compromise current encryption methods.
Chairman Tuhin Kanta Pandey compared this threat to the Y2K scare and called for a quantum-resilient security framework by 2028-2029.
Sebi intends to adopt post-quantum cryptography and quantum key distribution, phasing out existing password systems.
During the Global Fintech Fest, Pandey highlighted the importance of regulatory consistency and collaboration among stakeholders for a secure financial ecosystem.

Summary

Australia Boosts Cybersecurity

Australian organizations plan to significantly increase cybersecurity spending in the next year due to concerns over AI-enabled threats.
According to PwC Australia's 2026 Digital Trust Insights report, 75% of firms intend to boost budgets, with 37% prioritizing AI investments.
Many organizations face challenges from a lack of expertise in AI applications for cyber defense.
One-third of respondents view quantum computing as a major risk, highlighting the need for strategic investment in data protection and upskilling.

History

Historical Context

The Y2K scare in 1999 led to global anxiety over potential computer failures as the year 2000 approached, prompting governments and organizations, including the U.S. and European Union, to invest around $300 billion in preventive measures. Today, the Securities and Exchange Board of India is addressing similar concerns regarding quantum computing's effects on encryption, advocating for a quantum-resilient framework by 2028-2029.

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Sebi Enhances Security

The Securities and Exchange Board of India (Sebi) is addressing potential disruptions from quantum computing that may compromise current encryption methods.
Chairman Tuhin Kanta Pandey compared this threat to the Y2K scare and called for a quantum-resilient security framework by 2028-2029.
Sebi intends to adopt post-quantum cryptography and quantum key distribution, phasing out existing password systems.
During the Global Fintech Fest, Pandey highlighted the importance of regulatory consistency and collaboration among stakeholders for a secure financial ecosystem.

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