The National Institute of Standards and Technology (NIST) has officially published its highly anticipated Federal Information Processing Standards (FIPS) for post-quantum cryptography (PQC). This significant development will affect a broad range of entities, including financial institutions and government agencies, particularly those subject to regulatory obligations. Now is an opportune time for businesses of all sizes to reassess and update their encryption strategies, ensuring they stay ahead in cybersecurity by adopting the latest automated cryptography management solutions.
Researchers worldwide are in a race to develop quantum computers, which would function in fundamentally different ways from traditional computers and could potentially break the encryption systems that currently safeguard our online security and privacy. The algorithms announced today represent the first finalized standards from NIST’s PQC standardization project and are now ready for immediate implementation.
These three new standards are designed with the future in mind. As quantum computing technology advances rapidly, some experts anticipate that a device capable of breaking today’s encryption methods could emerge within the next decade, posing significant risks to the security and privacy of individuals, organizations, and nations alike.
Taher Elgamal, ‘the father of SSL’ and senior advisor at SandboxAQ, said, “The NIST PQC Standardization marks an important step in enhancing the security of our digital infrastructure. By adopting these new standards, we are protecting sensitive data, safeguarding privacy, and maintaining trust in our digital communications. This proactive approach not only prepares us for the quantum era but also strengthens our overall cybersecurity today. We appreciate NIST’s leadership in this effort and thank the scientific community for their significant contributions through numerous cryptographic designs and research papers.”
NIST launched its PQ ..
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