The Swiss Financial Market Supervisory Authority has published guidance on quantum computing that sets out the cyber risks and opportunities associated with the technology and identifies areas where financial institutions need to strengthen their preparations. The guidance is based on a survey of 60 Swiss financial institutions conducted between November 2025 and January 2026. It found that institutions generally recognize the cyber risk posed by cryptographically relevant quantum computers, but in most cases lack a clear roadmap and sufficiently forward-looking planning for migrating to quantum-safe encryption. FINMA said action is needed in the risk management processes of numerous institutions to ensure they continue to meet requirements on operational risks and resilience. The guidance points to several measures, including establishing a clear migration strategy and roadmap, carrying out institution-specific risk analysis, building a cryptographic inventory, protecting critical data against harvest now decrypt later attacks, involving external service providers and moving toward crypto-agility.
Swiss Financial Market Supervisory Authority (FINMA)2026-07-09
Swiss Financial Market Supervisory Authority issues quantum computing guidance after survey finds gaps in planning for quantum-safe encryption
The Swiss Financial Market Supervisory Authority has issued guidance on quantum computing based on a survey of 60 Swiss financial institutions. It found broad awareness of quantum-related cyber risks but insufficient planning for migration to quantum-safe encryption. FINMA said many institutions need to strengthen risk management and pointed to measures including migration roadmaps, risk analysis, cryptographic inventories and crypto-agility.