[{"data":1,"prerenderedAt":91},["ShallowReactive",2],{"news-\u002Fnews\u002Fbank-of-israel-orders-quantum-preparedness-plans":3},{"id":4,"title":5,"author":6,"authorTitle":7,"authorUrl":8,"body":9,"canonical":8,"category":43,"date":44,"description":45,"draft":46,"extension":47,"faqs":48,"findingsSource":8,"geo":58,"image":60,"industries":61,"keyFindings":8,"meta":64,"modified":65,"navigation":66,"path":67,"pullquote":8,"recommendations":8,"references":68,"related":72,"seo":79,"seoTitle":80,"signposts":8,"slug":81,"stats":8,"stem":82,"tags":83,"tldr":89,"__hash__":90},"news\u002Fnews\u002Fbank-of-israel-orders-quantum-preparedness-plans.md","Bank of Israel Orders Banks to Submit Quantum Preparedness Plans Within One Year","ArcQubit Team","",null,{"type":10,"value":11,"toc":39},"minimark",[12,17,24,27,30,33],[13,14,16],"h2",{"id":15},"bank-of-israel-orders-banks-to-submit-quantum-preparedness-plans","Bank of Israel orders banks to submit quantum preparedness plans",[18,19,20],"p",{},[21,22,23],"strong",{},"7 JANUARY 2025, TEL AVIV",[18,25,26],{},"The Bank of Israel's Banking Supervision Department ordered banks to submit quantum preparedness plans within one year, in Letter 202501 dated 7 January 2025. That timing made initial plans due by 7 January 2026. The letter ties to Directive 364 and places the harvest-now-decrypt-later threat at the centre of its reasoning.",[18,28,29],{},"Harvest-now-decrypt-later drives the urgency. An adversary can record encrypted data today and decrypt it once a quantum computer can break the encryption, so a bank's long-lived sensitive data is already exposed even before such a computer exists. By centring that threat, the letter frames preparedness as a present obligation rather than a future one.",[18,31,32],{},"The legal basis comes from Directive 364. Issued in November 2024, the directive consolidates earlier directives and provides the supervisory foundation on which the Bank of Israel builds the quantum requirement. The directive does not mention quantum itself, so the letter supplies the quantum-specific expectation while the directive supplies the authority behind it.",[18,34,35,38],{},[21,36,37],{},"Why it matters."," The Bank of Israel moved early and concretely, ordering banks to produce quantum preparedness plans on a one-year clock rather than issuing open-ended guidance. Its focus on harvest-now-decrypt-later tells banks the risk to long-lived data is current. Banks subject to the letter needed a credible plan by January 2026, and the inventory and prioritisation behind such a plan remain the practical starting point.",{"title":7,"searchDepth":40,"depth":40,"links":41},2,[42],{"id":15,"depth":40,"text":16},"Policy","2025-01-07","The Bank of Israel ordered banks in January 2025 to submit quantum preparedness plans within one year, centring the harvest-now-decrypt-later threat.",false,"md",[49,52,55],{"q":50,"a":51},"What did the Bank of Israel order?","In Letter 202501, dated 7 January 2025, the Bank of Israel ordered banks to submit quantum preparedness plans within one year, so initial plans were due by 7 January 2026. The letter ties to Directive 364 and centres the harvest-now-decrypt-later threat.",{"q":53,"a":54},"What is harvest-now-decrypt-later?","Harvest-now-decrypt-later is the threat where an adversary records encrypted data today and decrypts it once a quantum computer can break the encryption. For banks, it means long-lived sensitive data is already at risk, which is why the letter treats preparedness as urgent.",{"q":56,"a":57},"What is Directive 364's role?","Directive 364 is the legal hook for the quantum letter. Issued in November 2024, it consolidates earlier directives and, while it does not mention quantum itself, it provides the supervisory basis on which the Bank of Israel builds the quantum preparedness requirement.",[59],"tel-aviv","\u002Fassets\u002Fog-default.png",[62,63],"Financial Services","Cross-Sector",{},"2026-08-25",true,"\u002Fnews\u002Fbank-of-israel-orders-quantum-preparedness-plans",[69],{"label":70,"url":71},"Bank of Israel, Banking Supervision Department, \"Quantum preparedness,\" Letter 202501, Jan. 7, 2025.","https:\u002F\u002Fwww.boi.org.il\u002Fen\u002F",[73,76],{"label":74,"url":75},"Israel's Directive 364 Underpins the Bank of Israel Quantum Letter","\u002Fnews\u002Fisrael-directive-364-underpins-quantum-letter",{"label":77,"url":78},"ECB Orders Eurozone Banks to Submit AI Cyber Action Plans by 31 October","\u002Fnews\u002Fecb-eurozone-banks-ai-cyber-action-plans-october",{"title":5,"description":45},"Bank of Israel Orders Quantum Preparedness Plans","bank-of-israel-orders-quantum-preparedness-plans","news\u002Fbank-of-israel-orders-quantum-preparedness-plans",[84,85,86,87,88],"financial services","harvest now decrypt later","quantum readiness","federal compliance","for enterprises","The Bank of Israel ordered banks in January 2025 to submit quantum preparedness plans within one year, with the harvest-now-decrypt-later threat at the centre.","XrWjocNvvLCJCbnIKNqN8wt_BTx56SNfS3e-8Wi7YRY",1792182886812]