Paper Key : IRJ************650
Author: Roshani Prabhakar Sonone
Date Published: 07 Jul 2024
Abstract
The first shocker of the year arrived six months earlier, when one of the four post-quantum cryptography (PQC) algorithms selected by NIST (National Institute of Standards and Technology) was taken down. Unfortunately, both failed PQC algorithms are commercially available. The second shocker came in the first week of August 2022, as another NIST finalist was cracked by a team from Belgium in just 62 minutes using a standard laptop, earning them a USD 50,000 bounty from Microsoft. With 80 out of 82 PQC candidates failing the NIST standardization process, the future of the remaining two is in question, jeopardizing the 5-year NIST exercise to establish a quantum-safe encryption standard.