Ammon News - The Central Bank of Jordan has announced the launch of a sectoral roadmap to transition the financial and banking sectors to quantum-resistant encryption, a strategic initiative aimed at strengthening future readiness amid rapid technological developments and growing cyber and operational risks.

According to a statement issued by the bank on Sunday, the move is part of ongoing efforts to bolster Jordan’s position as a secure and trusted financial hub in the region, ensuring the continuity and safety of the financial sector in the face of emerging challenges.

The roadmap is designed to provide a secure and stable digital financial environment by enabling financial institutions to systematically prepare for the potential impacts of quantum computing on existing encryption systems. It emphasizes a phased and structured approach to adopting quantum-resistant encryption solutions in line with international best practices and recommendations from relevant authorities.

Key elements of the roadmap include establishing a clear and systematic transition path, integrating quantum-computing-related risks into institutional risk registers, enhancing governance, and building institutional capacities to support the long-term shift. The plan also calls for the identification of cryptographic assets, prioritizing transitions based on risk assessments, and conducting pilot tests of quantum-resistant encryption in non-operational virtual environments before full implementation within a defined timeline.

The Central Bank highlighted the importance of coordination and integration among all stakeholders, including financial institutions, technology providers, and partners, stressing that the initiative reflects a proactive commitment to equip Jordan’s financial and banking sectors for future challenges. The plan aims to ensure that the sector evolves into a quantum-resistant environment, aligned with global cybersecurity standards, strengthening confidence in the Jordanian financial system while maintaining its long-term stability and competitiveness. Petra