What's Happening?
Westpac is set to deploy new 'secure routers' across its 550 branches over the next year, incorporating post-quantum cryptography preparations into its security strategy. The bank is upgrading from Cisco 4000 series integrated services routers to the 8200
series, which were unveiled at a US conference in June. These routers are designed to secure WAN transport in the post-quantum era, addressing potential future threats from quantum computing. The rollout will require personnel onsite for device connection, with initial configuration and ongoing updates being automated. Westpac's secure network services team, led by Wayne Bonnet, is responsible for all connectivity for the bank, both domestically and internationally, and is monitoring developments in agentic AI to enhance operations.
Why It's Important?
The integration of post-quantum cryptography is crucial for Westpac as it prepares for future security challenges posed by quantum computing. This move reflects a broader industry trend towards enhancing cybersecurity measures to protect sensitive financial data. By automating updates and configurations, Westpac aims to improve operational efficiency and reduce human error. The bank's focus on a unified branch approach to networking technology ensures streamlined operations and accountability, minimizing disruptions and enhancing customer service. This strategic upgrade positions Westpac as a forward-thinking institution in the financial sector, potentially influencing other banks to adopt similar measures.
What's Next?
Westpac plans to continue monitoring advancements in agentic AI to leverage its vast data for improved network operations. The bank is also considering further upgrades to its branch network connectivity, including deploying 5G as a transport backup. Additionally, Westpac aims to transition from wi-fi 6 to wi-fi 7 access points, although specific timelines for these upgrades have not been disclosed. These steps are part of Westpac's ongoing commitment to maintaining robust security and operational efficiency in the face of evolving technological challenges.
