In July of that year, NIST selected four encryption algorithms to be part of the agency’s post-quantum cryptographic standard. At the time, Commerce Secretary Gina M. Raimondo welcomed the announcement, hailing it as “an important milestone in protecting our sensitive data against the possibility of future cyberattacks from quantum computers,” and said, “We are grateful for NIST’s expertise and commitment to cutting -edge technology, we are able to take the necessary steps to protect electronic information so that US businesses can continue to innovate while maintaining the trust and confidence of their customers.”
Three of the four algorithms – CRYSTALS-Khyber, CRYSTALS Dilithium, and SPHINX+ – are already standardized and expected to be ready for use this year in 2024, said a NIST announcement last year. That now looks set to happen in July. The draft standard for FALCON, the fourth algorithm, will be released in about a year, the announcement added.
Companies seeking or holding government contracts will need to comply with these standards by 2035, with those working in the most sensitive areas needing to comply sooner, Bloomberg reports. “It is in the interest of companies to move forward,” Neuberger was quoted as saying in the report.
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