CBA is not the only bank pursuing quantum solutions to security problems. In January, Westpac upped its stake in Canberra-based quantum cyber security company QuintessenceLabs.
QuintessenceLabs, founded a decade ago, offers an encryption key and policy management system backed by quantum generated true random numbers. Its product's highly secure data encryption capabilities are being used extensively by Westpac to reduce the risk of identity theft and customer data breaches.
CIO Dave Curran said at the time the investment showed the importance of quantum technologies to the bank's data security capabilities.
"As a major financial institution, data security and protecting our customers is of paramount importance," Curran said.
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