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  • BSI
    PD ISO/TR 14742:2010 Financial services. Recommendations on cryptographic algorithms and their use
    Edition: 2010
    $442.60
    / user per year

Description of PD ISO/TR 14742:2010 2010

This Technical Report provides a list of recommended cryptographic algorithms for use within applicable financial services standards prepared by ISO/TC 68. It also provides strategic guidance on key lengths and associated parameters and usage dates.

The focus is on algorithms rather than protocols, and protocols are in general not included in this Technical Report. However, in some cases, for example for some key agreement and some authentication protocols, there is no “underlying” algorithm, and in a sense it is the protocol that constitutes the algorithm. In this case, the mechanisms are included, in particular where they have security parameters that can be adjusted for higher or lower security.

Algorithmic vulnerabilities or cryptographic keys of inadequate lengths are less often the cause of security compromises in the financial industry than are inadequate key management or other procedural flaws, or mistakes in the implementation of cryptographic algorithms or the protocols that use them. However, compromises caused by algorithmic vulnerabilities are more systemic and harder to recover from than other kinds of compromises.

This Technical Report deals primarily with recommendations regarding algorithms and key lengths.

NOTE Key management is covered in ISO 11568-1, ISO 11568-2 and ISO 11568-4.

The categories of algorithms covered in this Technical Report are:

  • block ciphers;

  • stream ciphers;

  • hash functions;

  • message authentication codes (MACs);

  • asymmetric algorithms:

    • digital signature schemes giving message recovery,

    • digital signatures with appendix,

    • asymmetric ciphers;

  • authentication mechanisms;

  • key establishment and agreement mechanisms;

  • key transport mechanisms.

This Technical Report does not define any cryptographic algorithms; however, the standards to which this Technical Report refers may contain necessary implementation information as well as more detailed guidance regarding choice of security parameters, security analysis, and other implementation considerations.



Standard NumberPD ISO/TR 14742:2010
TitleFinancial services. Recommendations on cryptographic algorithms and their use
StatusRevision Underway
Publication Date2010-08-31
Identical National Standard OfISO/TR 14742:2010
DescriptorsBanks, Data processing, Digital signatures, Cryptography, Data security, Financial institutions, Algorithms, Data storage protection, Keys (cryptographic)
ICS03.060 Finances. Banking. Monetary systems. Insurance, 35.240.40 IT applications in banking
CommitteeIST/12
ISBN978 0 580 70766 7
PublisherBSI
Pages42

About BSI

BSI Group, also known as the British Standards Institution is the national standards body of the United Kingdom. BSI produces technical standards on a wide range of products and services and also supplies certification and standards-related services to businesses.
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