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European Payments Council published a new version of „Guidelines on cryptographic algorithms usage and key management”

10 martie 2022

The European Payments Council (EPC) said that the purpose is to provide guidance to the European payment industry in the field of cryptographic algorithms and related key management issues.

According to EPC, the target audience of the document includes security officers, risk managers, system engineers and systems designers. Although its content does not assume expertise in cryptology, it contains some sections which require a basic mathematical background.

The document specifies a number of recommendations and best practices on cryptographic algorithms, security protocols, confidentiality and integrity protection and key management in the first section, for which further detailed background information may be found in the subsequent sections of the document.

In this version, updates related to symmetric encryption were made. Also, the sections on quantum computing considerations and key distribution have been reviewed and updated as needed.

As the research and developments in cryptology are constantly evolving, the EPC plans to annually review and update this document to reflect the state of the art in light of major new developments.

Read more in ‘Related Documents’.

Guidelines on cryptographic algorithms usage and key management

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Anders Olofsson – former Head of Payments Finastra

Banking 4.0 – „how was the experience for you”

So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?