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Home News

NIST Formalises New Cryptography Standard

August 14, 2024
Reading Time: 2 mins read
in News

The U.S. National Institute of Standards and Technology (NIST) has officially released the world’s first post-quantum cryptography standards, marking a significant advancement in data security. Announced on August 13, 2024, these new standards provide a framework for securing systems and data against the anticipated threats posed by quantum computing. As quantum computers evolve, they are expected to be capable of breaking existing encryption algorithms, which could compromise sensitive information. To address this, NIST has finalized a suite of cryptographic algorithms designed to be resilient against quantum attacks.

The new standards include three key components: the Module-Lattice-Based Key-Encapsulation Mechanism Standard (FIPS 203), the Module-Lattice-Based Digital Signature Standard (FIPS 204), and the Stateless Hash-Based Digital Signature Standard (FIPS 205). These algorithms are crafted to secure communications and verify data integrity through advanced cryptographic techniques. They offer solutions for both key establishment and digital signatures, ensuring that encrypted data remains protected even when quantum computing technology becomes a reality.

Dr. Lily Chen, Mathematician and Leader of NIST’s Cryptographic Technology Group, emphasized the importance of these standards during an IBM press briefing. She highlighted that while quantum computing will bring substantial benefits in scientific research, it also poses severe risks to current encryption systems. The newly established standards are designed for broad application across various devices, including smartphones and laptops, and aim to facilitate a smooth transition to quantum-secure encryption.

Experts in the field, including Dr. Ali El Kaafarani, CEO of PQShield, have noted that these standards will drive one of the most significant cybersecurity transitions in history. Organizations are advised to begin integrating these post-quantum standards into their systems immediately, as the transition process will take time. Additionally, preparing for potential quantum threats now helps mitigate risks associated with “harvest now, decrypt later” attacks, where encrypted data could be compromised in the future. The implementation of these standards is critical for maintaining data security in the face of evolving technological threats.

Reference:

  • NIST Unveils World’s First Post-Quantum Cryptography Standards
Tags: August 2024cryptographyCryptography StandardCyber NewsCyber News 2024Cyber threatsNISTQuantum
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