[G7 Central Bank Quantum Technology Working Group Releases First Report, Warning of Financial Cryptography Security Risks] Odaily Planet Daily News – The G7 Central Bank Quantum Technology Working Group has released its first public report, warning that quantum computing could have profound impacts on the global financial system, with traditional cryptographic systems facing significant security challenges. The working group, established in 2025 and led by the central banks of France and Canada, brings together several major global central banks. The report mentions that quantum computers capable of breaking encryption are highly likely to emerge within the next decade, and the "collect now, decrypt later" attack model could threaten the security of existing financial data. The report recommends that financial institutions review their cryptographic assets, gradually transition to post-quantum cryptography, and strengthen multi-party collaboration. At the same time, quantum technology could also empower scenarios such as risk modeling, asset allocation, and economic forecasting. This report signifies that G7 central banks have officially incorporated quantum technology into financial stability considerations, potentially driving the long-term upgrade of global financial infrastructure. (Crowdfundinsider)