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International Conference on Information Science and Control Engineering

Security Analysis of Electronic Payment Protocols Based on Quantum Cryptography

Yi Liu, Xingtong Liu, Jian Wang, Lei Zhang, Chaojing Tang

Published Jul 1, 2017• 3 citations
Publisher

Abstract

Electronic payment protocols play a vital role in electronic commerce to ensure the security of transaction process. Current electronic payment protocols based on complex mathematical problems will be vulnerable facing a quantum computer. In order to enhance the security against quantum computers, quantum cryptography is introduced into electronic payment protocols. Although the quantum cryptography is claimed to be unconditionally secure, Logical defects are still likely to cause serious problems. We introduced formal analysis to verify the security of electronic payment protocols based on quantum cryptography. Formal analysis methods can discover the vulnerabilities of protocols and help to improve the security of protocols. In this paper, we analyze an electronic payment protocol based on quantum cryptography and the result shows that the protocol is not secure even adopting unconditionally secure quantum cryptography. We found that both the accountability and fairness of the original protocol are not satisfied. Then we proposed an improved protocol to meet the requirement of accountability and fairness and verified it through formal analysis method.

DOI
10.1109/icisce.2017.357

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Electronic payment protocols play a vital role in electronic commerce to ensure the security of transaction process. Current electronic payment protocols based on complex mathematical problems will be vulnerable facing a quantum computer. In order to enhance the security against quantum computers, quantum cryptography is introduced into electronic payment protocols. Although the quantum cryptography is claimed to be unconditionally secure, Logical defects are still likely to cause serious problems. We introduced formal analysis to verify the security of electronic payment protocols based on quantum cryptography. Formal analysis methods can discover the vulnerabilities of protocols and help to improve the security of protocols. In this paper, we analyze an electronic payment protocol based on quantum cryptography and the result shows that the protocol is not secure even adopting unconditionally secure quantum cryptography. We found that both the accountability and fairness of the original protocol are not satisfied. Then we proposed an improved protocol to meet the requirement of accountability and fairness and verified it through formal analysis method.
The increasing reliance on electronic payment systems has caused problems in terms of data protection and fraud control. Traditional cryptographic algorithms like RSA and ECC become increasingly vulnerable with advancements in quantum computing technology, and hence the development of quantum-resistant security protocols is an absolute need. Based on fundamental quantum concepts like quantum connection and the no-cloning theorem, quantum cryptography (QC), along with especially quantum key distribution (QKD), provides an encryption method that is potentially infallible. In order to improve secrecy, integrity, and authentication processes, the current study takes into account the integration of QKD into online payment systems. The use of artificial intelligence (AI) in fraud detection is also discussed in the study, with particular reference to real-time the tracking of transactions and anomaly detection. The susceptibility of QKD-based security protocols to both conventional and quantum-facilitated cyberattacks is determined by comparing conventional cryptographic systems with their quantum-secured counterparts. The study determines that quantum-augmented encryption significantly reduces threats in terms of key distribution and interception of information, hence guaranteeing a safe and forward-thinking digital transactional platform.
On-line merchants must have security protocol and procedures in place to carry out transactions more securely, Due to the popularity of e-commerce payment systems and the widespread use of the internet-based shopping and banking. In this paper we introduce an original blind signature based on quantum cryptographic principles providing unconditional security for off-line transactions. The proposed scheme guarantees the security of payment in real applications by the laws of quantum mechanics. We describe our proposed scheme in detail through a real example and discuss about its unconditional security.
E-payment plays an important role in modern daily life, so the security problem of E-payment has been widely concerned by researchers. In a recent paper [Int. J. Theor. Phys. 57, 2657 (2018)], the authors presented a trusted third-party E-payment protocol based on quantum blind signature without entanglement. In this paper, we show that there is a serious security flaw in their E-payment protocol. That is, the partial keys will be disclosed by performing a simple attack strategy. Furthermore, we propose an improved E-payment protocol and analyze its security.
The rise of quantum computing is revolutionizing financial security, particularly in e-commerce transactions. Traditional cryptographic techniques struggle to protect sensitive financial information due to the increasing sophistication of cyber threats. Quantum cryptography, based on quantum mechanics, offers a promising solution. This study explores the foundational principles of quantum cryptography and its applications in safeguarding e-commerce transactions. It analyzes vulnerabilities in traditional cryptographic methods and highlights the potential of quantum-resistant algorithms. The paper aims to highlight the transformative potential of quantum cryptography in enhancing e-commerce transactions' security.
The rise of quantum computing poses significant threats to traditional cryptographic methods currently securing financial transactions. Quantum algorithms, such as Shor’s and Grover’s, have the potential to break widely used encryption systems like RSA and ECC, making financial data vulnerable to exploitation. This research explores the development and application of quantum cryptographic algorithms designed to secure financial transactions in the quantum computing era. Focusing on techniques such as Quantum Key Distribution (QKD), lattice-based cryptography, and hash-based signatures, the study examines how these methods can ensure the confidentiality and integrity of financial data. Practical applications, including quantum-safe payment gateways and blockchain integration, are analyzed to provide a comprehensive understanding of how financial systems can transition to quantum-resistant cryptography. Furthermore, challenges such as scalability, high implementation costs, and regulatory considerations are discussed. The paper highlights the urgent need for financial institutions to begin adopting quantum-resistant cryptography to safeguard future financial transactions.