First Bank Transfer via Quantum Cryptography

An anonymous reader writes with today's announcement that "the Austrian project for Quantum Cryptography made the world's first Bank Transfer via Quantum Cryptography Based on Entangled Photons; see also Einstein-Podolski-Rosen Paradoxon." (For more background, see the recent Slashdot post "Quantum Cryptography Leaving the Lab.")

Comments

Re:Proof of Concept

[onion2k]

Firstly, the security this sort of thing provides is at a different stage in the process to anything a social attack would work on, so the two concepts are unrelated.

Secondly, even if they were related, you're appear to be suggesting we might as well not bother patching one future security hole because a different one also exists? Thats crazy. We should tackle all security risks, not just one particular one.

Lastly, socially engineered attacks are most often people giving up a PIN or forging a signature. That affects one account per attack. If a cracker gets past the sort of stage that Quantum Cryptography protects they have the opportunity to automate and reap every transaction the bank carries out.

Now which is the bigger problem?