Banco Sabadell has taken a significant step in improving its quantum security infrastructure through a successful collaboration with Accenture and QuSecure. This project, which was completed in four months, focuses on the adoption of post-quantum cryptography (PQC) technologies to strengthen the bank’s resilience against potential quantum attacks.
This participation has allowed Banco Sabadell to use QuSecure software for cryptographic agility and modernize its encryption with open source libraries. In this way, the necessary steps have been defined to guarantee the bank’s quantum security and have provided an initial estimate of how to adopt these technologies effectively.
“As we enter an era of post-quantum computing, among the challenges we face are both identifying the use of cryptographic methods vulnerable to quantum attacks and transitioning to secure quantum cryptography with agility and efficiency,” explains Joan Puig, CISO of the Banco Sabadell Group.
Banco Sabadell advances in its quantum security infrastructure
The Financial Services Information Sharing and Analysis Center (FS-ISAC) has noted that the transition to crypto agility should begin immediately and be viewed as a long-term strategy. Tom Patterson, Global Head of Emerging Technology Security at Accenture, expressed his satisfaction at collaborating on this innovative project, highlighting the competitive advantage that Banco Sabadell has gained with a clear roadmap for the transition to secure quantum technologies.
The project seeks to mitigate the risks of quantum computing with cryptographic agility
Elizabeth Green, Senior Vice President of Customers and Ecosystems at QuSecure, said the agility and security of network layer encryption is the fastest and easiest way to protect businesses without needing to replace existing infrastructure. Green praised the collaboration with Accenture and Banco Sabadell, demonstrating that mitigating existing encryption to post-quantum standards is possible and can be achieved in a timely manner.
Quantum computing represents a significant challenge to current security measures as it has the potential to break traditional cryptographic methods. Therefore, it is essential to develop quantum-resistant algorithms and review current security protocols to protect sensitive information against future quantum threats.
