Prioritising post-quantum cryptography migration activities in financial services


As post-quantum cryptography (PQC) becomes integrated into mainstream information technology (IT) products and services, financial services institutions must begin to execute their transition strategies.

This document provides actionable guidelines to incorporate quantum safety into existing risk management frameworks by assessing the ‘Migration Priority’ based on the ‘Quantum Risk’ and ‘Migration Time’ of business use cases and highlighting opportunities for immediate execution. A critical first step is to inventory all business use cases that rely on public key cryptography.

Read more…
Source: Europol


Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox


Related:

  • London council slammed for ‘severe’ data breach in ‘avoidable’ cyber attack

    July 17, 2024

    Britain’s data watchdog has lambasted London’s Hackney Council for a cyber attack that “severely” impacted residents, saying the breach was “a clear and avoidable error.” In October 2020, hackers infiltrated Hackney’s systems, accessing, encrypting, and in some instances exfiltrating personal data. The compromised information included residents’ names, addresses, racial or ethnic origins, religious beliefs, sexual orientations, ...

  • Disney faces potential data breach, hacker group claims massive leak

    July 15, 2024

    The Walt Disney Company is reeling from a suspected cyberattack by a hacktivist group calling itself NullBulge, exposing a significant amount of sensitive information. NullBulge announced its exploit on 12 July on both the cybercrime forum Breach Forums and X/Twitter. The group said it infiltrated Disney’s internal Slack communication platform, leaking 1.2 terabytes of data online. Read ...

  • Lessons From Restaurant Data Breaches

    July 11, 2024

    When was the last time you paid for something in cash? According to the Federal Reserve, only about one in five transactions are paid for by cash. With the advent of mobile payment apps, cash is no longer king. Some Americans even go so far as to say they believe hard currency will be obsolete at ...

  • Japan: MSDF chief may quit over widespread mishandling of secret info

    July 6, 2024

    Several Maritime Self-Defense Force vessels reportedly allowed unvetted personnel to handle top secret information related to national security, with the MSDF’s top uniformed officer signaling his intention to resign over the latest breach. Ryo Sakai, the MSDF’s chief of staff since 2022, is expected to quit his post and the Defense Ministry is considering disciplinary actions ...

  • OpenAI breach is a reminder that AI companies are treasure troves for hackers

    July 5, 2024

    There’s no need to worry that your secret ChatGPT conversations were obtained in a recently reported breach of OpenAI’s systems. The hack itself, while troubling, appears to have been superficial — but it’s reminder that AI companies have in short order made themselves into one of the juiciest targets out there for hackers. The New York ...

  • UK and Canada governments launch full investigation into 23andMe mega breach

    June 11, 2024

    Data watchdogs in the UK and Canada are now jointly investigating the data breach that hit 23andMe in October 2023. The incident saw a threat actor post 13 million pieces of 23andMe data for sale on the dark web, including people’s origin estimation, phenotype and health information, photos and identification data, raw data, and some other ...