Banco Sabadell Collaborates with Accenture and QuSecure to Advance Quantum Safe Infrastructure

December 16, 2024

Banco Sabadell Collaborates with Accenture and QuSecure to Advance Quantum Safe Infrastructure

Project mitigates quantum computing risks with cryptographic agility

MADRID and NEW YORK; DEC. 16, 2024 - Banco Sabadell has successfully completed a joint project with Accenture (NYSE: ACN) and QuSecure to explore the adoption of Post-Quantum Cryptography (PQC) technologies in the bank's infrastructure. This project is a significant step forward in bolstering resistance to quantum attacks, with Banco Sabadell leveraging QuSecure's software for crypto agility and open-source libraries to modernize and orchestrate encryption.

The collaboration between Banco Sabadell, Accenture and QuSecure resulted in a comprehensive understanding of the steps required for the bank to become quantum-resilient and provided an initial estimation of how quantum security technologies can be adopted. The successful completion of the four-month project further demonstrates the organization's commitment to staying ahead of advancements in the quantum security race.

"Cryptography plays a crucial role in banking, securing processes such as payments, digital interactions with customers and communications with market infrastructure. It is also essential for protecting sensitive information. As we transition into a post-quantum computing era, the challenges include identifying the use of cryptographic methods vulnerable to quantum attacks and transitioning to quantum-safe cryptography with agility and efficiency," explains Joan Puig, Group CISO of Banco Sabadell. "This project, in collaboration with Accenture and QuSecure, has allowed us to explore the impact of the adoption of post-quantum cryptography technologies on the bank's infrastructure."

According to the Financial Services Information Sharing and Analysis Center (FS-ISAC) the transition to crypto agility must start immediately and is a long-term strategy, not a one-time implementation.

"We are excited to be collaborating with Banco Sabadell and QuSecure on this groundbreaking project," said Tom Patterson, emerging technology security lead at Accenture. "Our expertise in quantum risk and our quantum security test labs enabled Banco Sabadell to gain a competitive edge with a clear and proven roadmap for transitioning to quantum-safe technologies incorporating the latest NIST PQC standards. This collaboration underscores our commitment to helping organizations safeguard their data from emerging threats posed by the rapid quantum computing advancements."

"QuSecure is advancing encryption agility and security at the network layer," said Elizabeth Green, SVP of Customers and Ecosystems at QuSecure. "This is the fastest and easiest way to protect enterprises without having to rip and replace existing infrastructure. Working with Accenture and Banco Sabadell was a delight and proves that mitigation of existing encryption to Post Quantum Standards for complex environments is possible and can be achieved expediently this decade, in advance of NIST recommended deprecation of many major algorithms."

The rise of quantum computing challenges modern-day cryptography. Preparing and adapting cryptographic methods to withstand the power of quantum technologies involves developing quantum-resistant algorithms and reevaluating current security protocols. Proactively addressing these concerns is crucial for maintaining the integrity and confidentiality of digital communications in the quantum era.

About Accenture
Accenture is a leading global professional services company that helps the world's leading organizations build their digital core, optimize their operations, accelerate revenue growth and enhance services-creating tangible value at speed and scale. We are a talent- and innovation-led company with 774,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at accenture.com.

Accenture Security is a leading provider of end-to-end cybersecurity services, including strategy, protection, resilience and industry-specific cyber services. We bring security innovation, coupled with global scale and a worldwide delivery capability through our network of Cyber Fusion Centers. Helped by our team of more than 25,000 highly skilled professionals, we enable clients to innovate safely, build cyber resilience and grow with confidence. Visit us at accenture.com/security.

About QuSecure
QuSecure is a leader in quantum-safe cybersecurity with a mission to use the advent of quantum computing to act as a catalyst to fix the foundation of data security infrastructure. The QuProtect platform requires no quantum technologies to defend against quantum, AI, and classical threats to encryption. QuSecure is proud to have more successful post-quantum cryptography deployments than any other organization in the world, and the technology is currently deployed with government, banking, telecommunications, and infrastructure customers across the globe. QuSecure's quantum-resilient and crypto-agile solutions provide an easy transition path to quantum resiliency anytime, anywhere, on any device, and across any organization.

The company's QuProtect solution is the industry's first cryptographic agility platform to facilitate upgrades to PQC and beyond. Book a no-obligation two-hour CISO road mapping workshop with QuSecure's experts to start your PQC migration planning and take the QuProtect software for a test drive.

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Contacts:

Alison Geib
Accenture
+1 703 947 4404
[email protected]

Denise Berard
Accenture
+1 617 488 3611
[email protected]

Dan Spalding
QuSecure
Spalding Communications, LLC
+1 408 960 9297
[email protected]

Banco Sabadell
+34 93 748 50 19
[email protected]