We are creating some awesome events for you. Kindly bear with us.

New Security Cryptographic Algorithm Recommended in the U.S.

The National Institute of Standards and Technology (NIST) experts advise the replacement of the SHA-1 algorithm, one of the first widely used methods of protecting electronic data as the algorithm has outlived its usefulness. The agency recommends replacing SHA-1 with more secure algorithms: SHA-2 or SHA-3.

NIST Computer Scientist, Chris Celi said that they “…recommend that anyone relying on SHA-1 for security migrate as soon as possible to SHA-2 or SHA-3”.

SHA-1, which stands for “secure hash algorithm,” has been used as part of the Federal Information Processing Standard (FIPS) 180-1 since 1995. It is a slightly modified version of SHA; the first hash function standardised for widespread use by the federal government in 1993. However, because today’s increasingly powerful computers can attack the algorithm, NIST has announced that SHA-1 will be phased out by December 31, 2030.

SHA-1 has been used as a foundation for many security applications, including website validation — so that when a webpage is loaded people can be confident that its purported source is genuine. It protects data by performing a complex math operation on the characters of a message, resulting in a short string of characters known as a hash.

It is impossible to reconstruct the original message from the hash alone, but knowing the hash allows a recipient to determine whether the original message has been compromised. Even minor changes to the statement drastically alter the resulting hash.

Today’s more powerful computers can generate fraudulent messages with the same hash as the original, potentially jeopardising the message’s authenticity. In recent years, “collision” attacks have undermined SHA-1. NIST stated that federal agencies should stop using SHA-1 when collision attacks are a severe threat, such as when creating digital signatures.

As SHA-1 attacks in other applications have become more severe, NIST will phase out SHA-1 in its remaining specified protocols by December 31, 2030. Accordingly, NIST plans to publish FIPS 180-5 (a revision of FIPS 180) by that date, removing the SHA-1 specification, revising SP 800-131A and other affected NIST publications to reflect the planned withdrawal of SHA-1, and developing and publishing a transition strategy for validating cryptographic modules and algorithms.

The final item is NIST’s Cryptographic Module Validation Program (CMVP), which evaluates whether modules – the building blocks that comprise a functional encryption system – function correctly. IT professionals must validate all cryptographic modules used in federal encryption every five years. Therefore, the status change of SHA-1 will impact companies that develop modules.

“The federal government will not purchase modules that continue to use SHA-1 after 2030,” Celi said. “Companies have eight years to submit updated modules that don’t use SHA-1. Because there is frequently a backlog of submissions before a deadline, we recommend that developers submit their updated modules well ahead of time so that CMVP has time to respond.”

The United States has also been bolstering its cybersecurity measures in financial services. The financial sector has become more vulnerable to cyber threats as it relies more heavily on technology and the internet.

Two reports on ransomware and third-party risk in the financial industry were recently released by the G7 Cyber Expert Group (CEG). The Fundamental Elements of Ransomware Resilience for the Financial Sector provides more substantial building blocks for financial institutions to respond to the ransomware threat.

The CEG also released an updated version of a 2018 report titled The Fundamental Elements of Third-Party Risk Management in the Financial Sector. The G7 CEG deemed this revision necessary to keep up with the ever-changing cyber threat landscape due to financial institutions’ increasing reliance on service providers in central operational functions and the resulting vulnerabilities. The update contains explicit recommendations for tracking supply chain risks, identifying systemically important third-party providers, and identifying concentration risks.


Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.


CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

Send this to a friend