Trust Stamp, a leading provider of AI-powered identity services, has just released a thought-provoking White Paper that sheds light on the potential dangers of quantum computing for legacy biometric systems. The alarming report warns that a particular strategy, known as “Harvest Now Decrypt Later” (HNDL), poses an immediate threat to the security of sensitive data.
According to Dr. Niel Kempson, Trust Stamp’s executive advisor on technical capability, current methods of protecting online communications will remain secure until quantum computers become a practical reality, which is expected to occur in about a decade. However, the HNDL approach could enable cyber attackers to gather data today and decrypt it in the future when quantum computers are available. This data, he emphasizes, could still hold significant value even years down the line.
Financial institutions and other organizations that store sensitive data are urged to consider their vulnerability to HNDL attacks. In particular, biometric systems should be scrutinized due to the lifetime value of biometric data. Unlike passwords, which can be easily changed, compromised biometric data such as fingerprints and facial scans cannot be reset.
Trust Stamp’s proprietary IT2 algorithm offers a solution to this imminent threat as it remains quantum-proof by design. Kempson advises that any enterprise or NGO currently implementing or reviewing a biometric system should actively assess the risk posed by HNDL tactics. Relying on technology that will inevitably become unusable within a decade is a gamble, he argues, especially when the complexity and cost of future solutions are unknown.
With its proactive approach to addressing emerging challenges in identity verification and data security, Trust Stamp has established itself as a global leader in the field. Its AI-powered identity services have found wide application across various sectors, including banking, finance, and regulatory compliance.
In conclusion, the White Paper published by Trust Stamp serves as a much-needed wake-up call for organizations to reassess their biometric systems’ vulnerability to quantum computing’s rapidly approaching reality. The time to act is now to ensure the long-term protection of sensitive data in an increasingly digital world.