this post was submitted on 08 Aug 2023
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Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach (www.cnbc.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach::Wells Fargo, a relatively small player on Wall Street, racked up the most fines Tuesday, with a total of $200 million in penalties.

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[–] plebonix@lemmy.world 9 points 1 year ago (1 children)

Quantum computers accessible only to the rich and powerful can't get here soon enough..

[–] snek_boi@lemmy.ml 3 points 1 year ago (1 children)

Are you saying that quantum computers could help the rich encrypt their communications better?

[–] Beliriel@lemmy.world 2 points 1 year ago

Haha the only thing a quantum channel does is verifying if a message has been altered (looking at a message alters it).
Actual encryption that prevents the Shor algorithm from having a linear running time have been around for quite some time now and can be easily run on normal machines. NIST is just taking its sweet time to decide on one.