TechCreate Partners with pQCee to Develop Quantum-Safe POS Terminals
TechCreate Group announced its intention to collaborate with pQCee Pte, a quantum cybersecurity solutions provider, to explore the incorporation of NIST, or National Institute of Standards and Technology, approved Post-quantum cryptography, or PQC, algorithms in the Company's QR Hybrid POS terminals. These terminals are expected to explore transitioning away from current encryption standards-like RSA and ECC-which are vulnerable to quantum computing, with a view to enhancing the security of cardholder data and transaction keys. Such an approach is intended to help mitigate the "Harvest Now, Decrypt Later" threat, where attackers are currently capturing and storing encrypted sensitive data from QR/card transactions with the intention of decrypting it years later. In addition, as regulatory bodies across the world begin to standardize PQC, these quantum-safe Hybrid QR POS terminals are intended to support alignment with evolving security standards.
