The document discusses the impacts of quantum computing on security for large financial organizations. It outlines NIST's process for standardizing post-quantum cryptography to develop cryptographic systems secure against both quantum and classical computers. The timeline and evaluation criteria for candidate algorithms are presented, along with families of algorithms being considered like lattice-based, code-based, and hash-based signatures. The document also examines challenges for replacing cryptographic algorithms in legacy infrastructure, assessing the quantum resistance of routing and switching vendors, and the impact on common cryptographic algorithms used in applications.