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 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 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

    circle stablecoin

    As Prepaid Fraud Evolves, So Do the Rules

    September 21, 2026
    bots fraud, bank security in data sharing, J.P. Morgan fraud protection TSYS, 3D Secure 2.0

    The Evolution of 3D Secure Puts it at the Center of Fraud Prevention

    September 18, 2026
    fraud detection signals

    Why Fraudsters Look Trustworthy and Good Customers Look Suspicious

    September 17, 2026
    Fraud Monitoring, Nacha ACH Rules, Same Day ACH

    10 Years Running, Same Day ACH Continues to Break New Ground

    September 16, 2026
    stablecoin infrastructure

    To Unlock Stablecoins’ Potential, Infrastructure Gaps Must Be Resolved

    September 15, 2026
    Latin America payment orchestration

    Navigating Latin America’s Complex Payment Ecosystem

    September 14, 2026
    upi biometric

    Beyond Authentication: Rethinking Digital Identity Security

    September 11, 2026
    Fraud Monitoring, Nacha ACH Rules, Same Day ACH

    Nacha’s Upcoming Rules Refresh Is All About Improving Clarity

    September 10, 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