G7: Financial sector mandate requires PQC by 2034

The G7 Cyber Expert Group has released a new roadmap mandating the financial sector to complete post-quantum cryptography implementation by 2034.

The G7 Cyber Expert Group has released a new roadmap mandating the financial sector to complete post-quantum cryptography implementation by 2034, Infosecurity Magazine reports.

G7's roadmap recommended increased awareness of quantum threats and critical system and sensitive data mapping during the initial phase between 2025 and 2027. The next phase involves the creation of an extensive systems inventory detailing third-party dependencies and other possible security issues, advised from 2025 to 2028, according to the roadmap.

Financial entities are urged to commence migration for all systems between 2026 and 2029, while conducting progressive migration to quantum-resistant solutions between 2027 and 2034. Testing of migrated systems could happen between 2032 and 2035, while systems validation and monitoring are advised between 2033 and 2035.

"Organizations may also benefit from incorporating a goal of cryptographic agility in their transition plans to adapt new cryptographic solutions for emerging threats and vulnerabilities," said the G7 CEG.

Written by

Sharon Florentine Editorial Director

Sharon Florentine is the editorial director for CyberRisk Alliance’s Channel Brands and acting editorial director for SC UK. She is responsible for setting strategy and editorial direction and developing content for news, features, analysis and other written content, moderates live webcasts, and oversees research projects. Sharon has previously held key editorial, content and leadership positions at DevOps.com, Security Boulevard, CIO.com, Ziff Davis Enterprise, and CRN, among others.