Today the EPC published a new version of the guidelines on cryptographic algorithms usage and key management in order to provide guidance to the European payments industry, more precisely to 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 was updated to reflect newsworthy developments in cryptography, including the impacts of the latest progress in cryptanalysis (e.g. on public key cryptography, message authentication codes and hash functions). Also, the section on quantum computing considerations and distributed ledger technology has been reviewed and updated as needed, including new background information.
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.
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