The goal of cryptographic agility – or crypto agility – is simple: to enable business continuity if/when existing cryptography is compromised or weakened.

The move to crypto agility must begin immediately because quantum computing is likely to make a commonly used class of cryptography algorithms insecure in the next few years. The financial services sector cannot risk insecure data transmission or storage – it would break the way we conduct business today. And as the number of systems, dependencies between systems, and overall technical complexity grow, the effort to update cryptographic assets has intensified.