Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach

L4sBot@lemmy.worldmod to Technology@lemmy.world – 769 points –
Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach
cnbc.com

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

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

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.