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Background

This Technical Report is a product of the Accredited Standards Committee X9 Financial Industry Standards, and was generated by the X9F4 workgroup.  This report serves to give the reader a general introduction to quantum computers and the consequences they pose to the financial services industry. Another purpose of this document is to give X9 members an understanding of the threats quantum computers pose to cybersecurity, and what some of the options are to mitigate those threats. Additionally, this report investigates the use of the Cryptographic Message Syntax (CMS) in the presence of a quantum-capable attacker and makes suggestions for using quantum-safe cryptography within the CMS, and for migrating classical systems to use quantum-safe algorithms.

Publication of this Technical Report that has been registered with ANSI has been approved by the Accredited Standards Committee X9, Incorporated, 275 West Street, Suite 107, Annapolis, MD 21401. This document is registered as a Technical Report according to the “Procedures for the Registration of Technical Reports with ANSI.” This document is not an American National Standard and the material contained herein is not normative in nature. Comments on the content of this document should be sent to: Attn: Executive Director, Accredited Standards Committee X9, Inc., 275 West Street, Suite 107, Annapolis, MD 21401.

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