Santander leads the transition towards Post-Quantum Cryptography.

Santander has positioned itself at the forefront of international efforts to address the challenges posed by cryptography in the era of quantum computing. The entity has established a Quantum Threat Group (QTG) dedicated to developing new ways to protect its systems and customer data against future quantum threats.

The Importance of Cryptography

Cryptography serves as the guardian of security in every user’s online experience, ensuring that all digital information, from banking transactions to messages and purchases, remains secure. However, the processing power of future quantum computers could compromise the protection offered by current cryptographic algorithms. Therefore, it is crucial to develop new safeguards that secure both quantum and traditional systems.

Collaboration with International Entities

Working with the U.S. National Cybersecurity Excellence Center

Santander is collaborating with the National Cybersecurity Excellence Center (NCCoE) of the U.S. National Institute of Standards and Technology (NIST) on the Post-Quantum Cryptography Migration project. This project aims to raise awareness about the challenges related to transitioning to post-quantum cryptography and develop best practices to facilitate this migration for organizations.

William Newhouse, a cybersecurity engineer and project lead at NIST NCCoE, stated: “With the advent of quantum computing and its potential to compromise many current cryptographic algorithms, it is essential for organizations to start planning for the technological and operational challenges that the migration to post-quantum cryptography will present.”

Strategic Partnerships for Future Security

Santander, GitHub, and Microsoft: Alliance for Security

Santander also collaborates with GitHub and Microsoft to tackle the challenges of quantum cryptography. Together, these companies have created CodeQL, a tool designed to help developers identify vulnerabilities that could be exploited by hackers. Santander has been instrumental in the development of Cryptobom-Forge, a cryptographic inventory tool that allows developers to identify and understand the cryptographic components of their code.

Participation in High-Impact Projects

In addition to its international collaborations, Santander actively participates in initiatives such as the World Economic Forum and the European Quantum Communications Infrastructure project. In Spain, it is part of the Caramuel project, led by Hispasat, which aims to provide secure communications through quantum technologies facilitated by a geostationary satellite.

The Future of Digital Security

The advent of quantum supercomputers poses significant challenges for the security of digital communications. However, the standardization of post-quantum cryptography will continue to protect sensitive information, ensuring that people can safely navigate the Internet and that banks protect their customers’ personal and financial data. Santander, with its commitment and leadership in this field, is paving the way for a safer digital future.

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