PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

It Isn’t Post Quantum; Its Pre-Quantum You Need to Worry About

By Tim Sloane
April 22, 2022
in Analysts Coverage, Data, Emerging Payments, Fraud & Security, Security
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
It Isn’t Post Quantum; Its Pre-Quantum You Need to Worry About

It Isn’t Post Quantum; Its Pre-Quantum You Need to Worry About

You know it is too late when there is bipartisan legislation on anything. And so it is with protecting our data against “harvest now, decrypt later” quantum security deployment as we stated here:

“Even though classical computers can’t break encryption now, our adversaries can still steal our data in the hopes of decrypting it later. That’s why I believe that the federal government must begin strategizing immediately about the best ways to move our encrypted data to algorithms that use post-quantum cryptography,” Khanna said.

Largely in response to the “harvest now, decrypt later” strategy among some hacking organizations, the bill calls on the director of OMB to work with the the Chief Information Officers Council to plan and assess current information technology networks and related risks within federal agencies, and advocate migration to post-quantum cryptography, pursuant to mandated NIST standards.

The bill also calls for the OMB director’s office to submit an annual report on post-quantum migration among agencies to Congress annually for nine years following the completion of new NIST cryptography standards.

“I’m optimistic about the power of quantum computing as part of the new technological frontier, but we must take preemptive steps to ensure bad actors aren’t able to use this technology in more sinister ways,” Mace commented. “I’m confident the Office of Management and Budget, working with the National Institute of Standards and Technology, will be capable of ensuring Americans are shielded from these threats before there’s no going back.”

Major private tech firms have supported the bill, including IBM, Google, QuSecure and Maybell Quantum.”

Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: DataEncryptionQuantum ComputingSecurity

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    payment api

    Open Banking Has Made Payment APIs a Burgeoning Revenue Stream

    June 12, 2026
    payment card innovation

    Serving a Segment of One: The Race to Stay Top of Wallet

    June 11, 2026
    healthcare payments

    The Healthcare Payments Industry Has a Perception Problem

    June 10, 2026
    continuous KYC

    The Future of KYC Is Layered—and Data-Driven

    June 9, 2026
    tokenized deposits

    As Crypto Challengers Emerge, Banks Turn to Tokenized Deposits

    June 8, 2026
    physical digital debit

    Whether Physical or Digital, Debit Cards Are a Payments Mainstay

    June 5, 2026
    agentic commerce

    Separating Hype from Reality in Emerging Payment Trends

    June 4, 2026
    agentic commerce

    Searching for Trust in Agentic Commerce

    June 3, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result