IDEMIA Secure Transactions has announced a crypto agility solution aimed at helping service providers protect their products.
Specifically, this new crypto agility solution is designed to help service providers such as banks, fintech companies, mobile network operators, IoT manufacturers, and security providers keep their products secure against emerging quantum threats. It is designed to.
The solution is said to enable continuous upgrades to more secure cryptographic algorithms, providing long-term protection for both physical and digital products. According to the company's press release, as the post-quantum cryptography landscape evolves, the need for agile solutions that can adapt to new threats becomes increasingly important. Cryptographic agility enables a seamless transition to new, more secure cryptographic algorithms or protocols when older cryptographic algorithms or protocols are retired, thereby ensuring quantum security for products.
The adaptability of cryptographic agility extends to a variety of products such as smart meters, vehicles, payment cards, 5G, and eSIM cards, providing added value in terms of efficiency, cost-effectiveness, and compliance with regulatory changes. IDEMIA's solutions are based on NIST standardized algorithms and aim to provide long-term, state-of-the-art security for both embedded chip products and digital solutions.
According to IDEMIA officials, this technology advancement underscores the company's commitment to ushering in the post-quantum era. IDEMIA Secure Transactions has expertise in the transition to post-quantum technologies and aims to offer clients a balance between high levels of security and ease of use.
The company claims to leverage its extensive research and development capabilities, contribute to establishing industry standards for post-quantum technologies, and play a key role in the post-quantum cryptography ecosystem. IDEMIA Secure Transactions is part of the IDEMIA Group, a conglomerate known for developing biometric and cryptographic technologies to simplify and secure many aspects of daily life.
Other developments at IDEMIA
In March 2024, IDEMIA collaborated with Qualcomm Technologies to support the implementation of secure offline CBDC payments. IDEMIA Secure Transactions (IST), a division of IDEMIA Group, specializes in payment and connectivity solutions for financial institutions, mobile network operators, and automobile manufacturers. Additionally, IST is also working on secure payment solutions for central bank digital currencies (CBDCs).
The collaboration with Qualcomm Technologies reaffirms IST's commitment to providing innovative payment solutions around the world. By leveraging Qualcomm's Secure Processor Unit (SPU) integrated into the Snapdragon 8 series, IST aims to facilitate secure and seamless offline payments for users across a variety of devices, including smartphones, wearables, and feature phones. I did.
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