Trust Stamp publishes a White Paper on the potential impact of Quantum Computing on legacy biometric systems
January 05 2024 - 8:30AM
Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM
providing AI-powered trust and identity services has published a
White Paper discussing the potential vulnerabilities of legacy
biometric systems given the development of Quantum Computing
systems.
Dr. Niel Kempson, CB, FREng, Trust Stamp’s Executive Advisor on
Technical Capability commented, “Methods currently used to protect
communications over the Internet will be secure until quantum
computers become a practical reality - experts generally estimate
that this is a decade away.”
“But, we should recognise that a “harvest-now decrypt later”
(HNDL) approach could be executed by resource-rich adversaries,
capturing data now that can subsequently be decrypted when quantum
computers become available. This would make sense for data that
would still have significant value a decade or more in the future.
While this has traditionally been the preserve of nation-state
actors, cyber-criminals - sometimes state-supported - are now
powerful adversaries too.”
“Financial institutions and others with sensitive data really
should question whether they could be a potential target and
whether their current implementations would be vulnerable to an
HNDL attack. This is especially relevant to biometric systems where
biometric data needs protecting carefully for a lifetime - unlike a
password, a face or fingerprint cannot easily be reset when
compromised.”
As an indication of the immediacy of the HNDL risk, in May 2022
the US Government issued a mandate to all US Federal Agencies
maintaining sensitive data to deploy symmetric encryption systems
to protect quantum vulnerable systems by the end of 2023.
Dr. Kempson went on to comment, “Trust Stamp’s IT2 algorithm is
quantum-proof by design. If an enterprise or NGO is implementing or
reviewing a biometric system today, it should actively look into
the HNDL risk. It makes no sense to implement or maintain
technology that will probably be unusable within the next decade,
implicitly gambling on future solutions with unknown complexity and
cost.”
“In 2016, the US National Institute of Standards and Technology
(NIST) initiated a process to solicit, evaluate and standardize new
public-key algorithms that will be secure against a quantum
computer (also known as post-quantum or quantum-resistant
algorithms). After six years, four algorithms were recommended for
standardization with a further four candidates proposed for further
consideration. Unfortunately one of those candidates was defeated
within a few weeks of its release, reinforcing the difficult nature
of this process.”
Copies of the White Paper can be requested by emailing Andrew
Gowasack, President of Trust Stamp at: agowasack@truststamp.net
Enquiries
Trust Stamp
Email: Shareholders@truststamp.ai
Andrew Gowasack, President
About Trust Stamp
Trust Stamp the Privacy-First Identity CompanyTM, is a global
provider of AI-powered identity services for use in multiple
sectors, including banking and finance, regulatory compliance,
government, real estate, communications, and humanitarian services.
Its technology empowers organizations with advanced biometric
identity solutions that reduce fraud, protect personal data
privacy, increase operational efficiency, and reach a broader base
of users worldwide through its unique data transformation and
comparison capabilities.
Located across North America, Europe, Asia, and Africa, Trust
Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI). The
company was founded in 2016 by Gareth Genner and Andrew
Gowasack.
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