Manuscript Number : GISRRJ23689
Quantum-Resistant Cryptographic Protocols: Securing Financial Transactions and Protecting Sensitive Business Data in the AI Era
Authors(3) :-Bamidele Samuel Adelusi, Favour Uche Ojika, Abel Chukwuemeke Uzoka The rapid advancements in quantum computing pose a significant threat to traditional cryptographic protocols, endangering the security of financial transactions and sensitive business data. Existing encryption mechanisms, such as RSA, ECC, and Diffie-Hellman, rely on mathematical problems that quantum algorithms, particularly Shor’s algorithm, can efficiently solve. As financial institutions and enterprises increasingly adopt artificial intelligence (AI) for data-driven decision-making and cybersecurity, the need for quantum-resistant cryptographic protocols becomes paramount. This study explores the evolution of post-quantum cryptography (PQC) and its implications for securing financial transactions and business data in the AI era. Post-quantum cryptographic algorithms are designed to withstand quantum attacks while maintaining efficiency and scalability for real-world applications. Lattice-based cryptography, code-based encryption, hash-based signatures, and multivariate polynomial cryptosystems are among the leading PQC approaches. Lattice-based schemes, such as CRYSTALS-Kyber and CRYSTALS-Dilithium, offer robust security guarantees and are actively being standardized by the National Institute of Standards and Technology (NIST). Additionally, hash-based signatures, such as XMSS and SPHINCS+, provide strong resistance against quantum threats while ensuring long-term data integrity. The integration of AI into financial systems necessitates quantum-resistant security mechanisms to protect sensitive business data from cyber threats. AI-driven fraud detection, transaction authentication, and anomaly detection systems must incorporate PQC to prevent unauthorized access and mitigate quantum-enabled attacks. Secure communication protocols, including TLS and blockchain-based financial networks, require quantum-safe encryption to maintain data confidentiality and integrity. Despite the promising advancements in PQC, challenges such as computational overhead, key size expansion, and backward compatibility with classical systems remain. Transitioning to quantum-resistant cryptography requires a phased approach, incorporating hybrid encryption models that combine classical and post-quantum algorithms. This study underscores the urgency of adopting PQC to safeguard financial transactions and business data in the AI-driven digital economy.
Bamidele Samuel Adelusi Post-Quantum Cryptography, Quantum-Resistant Algorithms, Financial Security, Lattice-Based Cryptography, AI-Driven Cybersecurity, Blockchain, Secure Transactions, Hash-Based Signatures, Data Integrity, Quantum Computing Threats. Publication Details Published in : Volume 6 | Issue 2 | March-April 2023 Article Preview
Independent Researcher, Texas, USA
Favour Uche Ojika
Independent Researcher, Minnesota, USA
Abel Chukwuemeke Uzoka
United Parcel Service, Inc. (UPS), Parsippany, New Jersey, USA
Date of Publication : 2023-04-05
License: This work is licensed under a Creative Commons Attribution 4.0 International License.
Page(s) : 152-184
Manuscript Number : GISRRJ23689
Publisher : Technoscience Academy
URL : https://gisrrj.com/GISRRJ23689