New York/London/Hong Kong/Singapore/Sydney, September 21, 2022 ‒ As quantum computing creates vast new possibilities to analyze and solve complex problems that are unsolvable by today’s computers, it also has the potential to disrupt entire industries and create significant new risks for financial firms by making even the most highly protected computer systems vulnerable to hacking. 存托信托 & 结算公司(存), the premier post-trade market infrastructure for the global financial services industry, today issued a white paper that brings this risk into focus, while identifying initial steps organizations can take to protect themselves in the future.
在其最新的白皮书中，Post-Quantum Security Considerations for the Financial Industry,存对此做出了解释, as safekeepers of investments, 公共资产, pensions and retirement 账户, financial institutions are responsible for securing personal information, 账户, 控股有限公司, 金融交易, often using traditional encryption methods. As 存 outlines in its paper, experts estimate that quantum-based computers will one day have the power to break the industry’s existing cryptography codes in seconds.
“We recognize that the quantum technology threat is coming. With some experts estimating that the industry’s protected data could become vulnerable within the next decade, 现在是行动的时候了,阿乔伊·库马尔说, 存 Managing Director and Chief Information Security Officer. “存 is already taking proactive steps to protect our data.”
Given that quantum computing will compromise much of the cryptography that protects today’s digital information, 存 has suggested that firms begin to assess and respond to this security threat by:
• Sizing up the effort by identifying systems and encryption mechanisms in scope for remediation.
• Strengthening cryptography practices by centralizing the management of keys and certificates, instilling standards for encryption mechanisms, implementing change management for new encryption solutions.
• Developing and exercising a playbook that details the steps needed to replace an encryption platform while ensuring the plan can be executed on time.
• Modifying and separating systems, as needed, to facilitate work to come.
• Beginning organizational change management efforts to build a strong risk culture and risk-based mindset within organizations.
The firm also suggests closely monitoring activities taking place within the regulatory community that address topics like standardization, including NIST’s focus on post-quantum cryptography (PQC) standards.
存 plans to use the white paper to create an intentional dialogue about how the industry can defend against post-quantum risk.
添加库马尔, “We look forward to partnering with the industry to continue this critical dialogue and to prepare for the emergence of PQC standards. Collaboration and preparation will be key to ensuring that the security, 隐私, integrity of the financial industry is preserved.”
对存
With over 45 years of experience, 存 is the premier post-trade market infrastructure for the global financial services industry. From 21 locations around the world, 存, 通过其子公司, 自动化, centralizes and standardizes the processing of financial transactions, 减轻风险, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. 行业所有和管理, the firm simplifies the complexities of clearing, 结算, 资产维修, 数据管理, data reporting and information services across asset classes, bringing increased security and soundness to financial markets. In 2021, 存’s subsidiaries processed securities transactions valued at nearly U.S. $2.4000万亿年. Its depository provides custody and 资产维修 for securities issues from 177 countries and territories valued at U.S. $87.1万亿年. 存’s Global Trade 存储库 service, 透过本地注册的, 许可, or approved trade repositories, processes 16 billion messages annually. To learn more, please visit us at www.存.com 或者和我们联系 LinkedIn, 推特, YouTube, 脸谱网, Instagram.