Post-Quantum Cryptography for Securing Banking API: A Survey
Kshitij Dhake, Atharva Dhake, Kartik Tichkule +2 more
Recent strides in quantum computing have posed a challenge to conventional classical cryptographic algorithms like RSA and Elliptic Curve Cryptography (ECC).With the progression of quantum computing, there is a possibility of vulnerability to traditional cryptography in the future, leading to significant concerns from the perspective of the security of the banking industry.In this survey, we will review the adoption of Post-Quantum Cryptography (PQC), focusing on specific schemes like CRYSTALS-Kyber or CRYSTALS-Dilithium, together with an approach involving hybrid cryptosystems, ensuring seamless implementation.In addition, several challenges related to computational costs, difficulties of integration, and the growing significance of flexible deployment of cryptography will be considered.In summary, the objective of the research is to help financial institutions and scholars determine efficient quantum-safe security systems that offer protection for banking APIs.
International Conference on Data Intelligence and Smart Communication (IC-DAIS)•Jan 1, 2026•0 citations