Quantum computers show promise in fraud detection

Cybernews reports that quantum algorithms have facilitated accelerated discovery of anomalous datasets, compared with traditional systems, indicating their promise in combating fraud and cybercrime.

Quantum computing may also be more accurate in pinpointing such illicit activities, which would be highly beneficial to the finance, logistics, and healthcare sectors, according to quantum software startup Haiqu, which leveraged an IBM Quantum Heron processor to conduct the study.

"The ability to encode high-dimensional data with hundreds and even thousands of features enables applications of a new scale, as what the team at Haiqu has experimentally shown on our hardware. Advances like this are what push the industry towards achieving a quantum advantage in the near term," said IBM Research Director Jay Gambetta.

Such findings follow IBM's launch of the new Loon and Nighthawk quantum processors, which seek to curb computing errors and bolster quantum computing research.