Lattice-based cryptographyLattice-based cryptography is the generic term for constructions of cryptographic primitives that involve lattices, either in the construction itself or in the security proof. Lattice-based constructions are currently important candidates for post-quantum cryptography. Unlike more widely used and known public-key schemes such as the RSA, Diffie-Hellman or elliptic-curve cryptosystems — which could, theoretically, be defeated using Shor's algorithm on a quantum computer — some lattice-based constructions appear to be resistant to attack by both classical and quantum computers.
Ideal latticeIn discrete mathematics, ideal lattices are a special class of lattices and a generalization of cyclic lattices. Ideal lattices naturally occur in many parts of number theory, but also in other areas. In particular, they have a significant place in cryptography. Micciancio defined a generalization of cyclic lattices as ideal lattices. They can be used in cryptosystems to decrease by a square root the number of parameters necessary to describe a lattice, making them more efficient.
Post-quantum cryptographyIn cryptography, post-quantum cryptography (PQC) (sometimes referred to as quantum-proof, quantum-safe or quantum-resistant) refers to cryptographic algorithms (usually public-key algorithms) that are thought to be secure against a cryptanalytic attack by a quantum computer. The problem with currently popular algorithms is that their security relies on one of three hard mathematical problems: the integer factorization problem, the discrete logarithm problem or the elliptic-curve discrete logarithm problem.
EncryptionIn cryptography, encryption is the process of encoding information. This process converts the original representation of the information, known as plaintext, into an alternative form known as ciphertext. Ideally, only authorized parties can decipher a ciphertext back to plaintext and access the original information. Encryption does not itself prevent interference but denies the intelligible content to a would-be interceptor. For technical reasons, an encryption scheme usually uses a pseudo-random encryption key generated by an algorithm.
Lattice problemIn computer science, lattice problems are a class of optimization problems related to mathematical objects called lattices. The conjectured intractability of such problems is central to the construction of secure lattice-based cryptosystems: Lattice problems are an example of NP-hard problems which have been shown to be average-case hard, providing a test case for the security of cryptographic algorithms. In addition, some lattice problems which are worst-case hard can be used as a basis for extremely secure cryptographic schemes.
Secure multi-party computationSecure multi-party computation (also known as secure computation, multi-party computation (MPC) or privacy-preserving computation) is a subfield of cryptography with the goal of creating methods for parties to jointly compute a function over their inputs while keeping those inputs private. Unlike traditional cryptographic tasks, where cryptography assures security and integrity of communication or storage and the adversary is outside the system of participants (an eavesdropper on the sender and receiver), the cryptography in this model protects participants' privacy from each other.
Cryptographic protocolA cryptographic protocol is an abstract or concrete protocol that performs a security-related function and applies cryptographic methods, often as sequences of cryptographic primitives. A protocol describes how the algorithms should be used and includes details about data structures and representations, at which point it can be used to implement multiple, interoperable versions of a program. Cryptographic protocols are widely used for secure application-level data transport.
Oblivious transferIn cryptography, an oblivious transfer (OT) protocol is a type of protocol in which a sender transfers one of potentially many pieces of information to a receiver, but remains oblivious as to what piece (if any) has been transferred. The first form of oblivious transfer was introduced in 1981 by Michael O. Rabin. In this form, the sender sends a message to the receiver with probability 1/2, while the sender remains oblivious as to whether or not the receiver received the message.
Disk encryptionDisk encryption is a technology which protects information by converting it into code that cannot be deciphered easily by unauthorized people or processes. Disk encryption uses disk encryption software or hardware to encrypt every bit of data that goes on a disk or disk volume. It is used to prevent unauthorized access to data storage. The expression full disk encryption (FDE) (or whole disk encryption) signifies that everything on the disk is encrypted, but the master boot record (MBR), or similar area of a bootable disk, with code that starts the operating system loading sequence, is not encrypted.
Encryption softwareEncryption software is software that uses cryptography to prevent unauthorized access to digital information. Cryptography is used to protect digital information on computers as well as the digital information that is sent to other computers over the Internet. There are many software products which provide encryption. Software encryption uses a cipher to obscure the content into ciphertext. One way to classify this type of software is the type of cipher used.
Ciphertext-only attackIn cryptography, a ciphertext-only attack (COA) or known ciphertext attack is an attack model for cryptanalysis where the attacker is assumed to have access only to a set of ciphertexts. While the attacker has no channel providing access to the plaintext prior to encryption, in all practical ciphertext-only attacks, the attacker still has some knowledge of the plaintext. For instance, the attacker might know the language in which the plaintext is written or the expected statistical distribution of characters in the plaintext.
CiphertextIn cryptography, ciphertext or cyphertext is the result of encryption performed on plaintext using an algorithm, called a cipher. Ciphertext is also known as encrypted or encoded information because it contains a form of the original plaintext that is unreadable by a human or computer without the proper cipher to decrypt it. This process prevents the loss of sensitive information via hacking. Decryption, the inverse of encryption, is the process of turning ciphertext into readable plaintext.
Disk encryption softwareDisk encryption software is computer security software that protects the confidentiality of data stored on computer media (e.g., a hard disk, floppy disk, or USB device) by using disk encryption. Compared to access controls commonly enforced by an operating system (OS), encryption passively protects data confidentiality even when the OS is not active, for example, if data is read directly from the hardware or by a different OS. In addition crypto-shredding suppresses the need to erase the data at the end of the disk's lifecycle.
Public-key cryptographyPublic-key cryptography, or asymmetric cryptography, is the field of cryptographic systems that use pairs of related keys. Each key pair consists of a public key and a corresponding private key. Key pairs are generated with cryptographic algorithms based on mathematical problems termed one-way functions. Security of public-key cryptography depends on keeping the private key secret; the public key can be openly distributed without compromising security.
Chosen-ciphertext attackA chosen-ciphertext attack (CCA) is an attack model for cryptanalysis where the cryptanalyst can gather information by obtaining the decryptions of chosen ciphertexts. From these pieces of information the adversary can attempt to recover the hidden secret key used for decryption. For formal definitions of security against chosen-ciphertext attacks, see for example: Michael Luby and Mihir Bellare et al. A number of otherwise secure schemes can be defeated under chosen-ciphertext attack.
Option (finance)In finance, an option is a contract which conveys to its owner, the holder, the right, but not the obligation, to buy or sell a specific quantity of an underlying asset or instrument at a specified strike price on or before a specified date, depending on the style of the option. Options are typically acquired by purchase, as a form of compensation, or as part of a complex financial transaction.
Binary optionA binary option is a financial exotic option in which the payoff is either some fixed monetary amount or nothing at all. The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option. The former pays some fixed amount of cash if the option expires in-the-money while the latter pays the value of the underlying security. They are also called all-or-nothing options, digital options (more common in forex/interest rate markets), and fixed return options (FROs) (on the NYSE American).
Bond optionIn finance, a bond option is an option to buy or sell a bond at a certain price on or before the option expiry date. These instruments are typically traded OTC. A European bond option is an option to buy or sell a bond at a certain date in future for a predetermined price. An American bond option is an option to buy or sell a bond on or before a certain date in future for a predetermined price. Generally, one buys a call option on the bond if one believes that interest rates will fall, causing an increase in bond prices.
Digital signatureA digital signature is a mathematical scheme for verifying the authenticity of digital messages or documents. A valid digital signature on a message gives a recipient confidence that the message came from a sender known to the recipient. Digital signatures are a standard element of most cryptographic protocol suites, and are commonly used for software distribution, financial transactions, contract management software, and in other cases where it is important to detect forgery or tampering.
Real options valuationReal options valuation, also often termed real options analysis, (ROV or ROA) applies option valuation techniques to capital budgeting decisions. A real option itself, is the right—but not the obligation—to undertake certain business initiatives, such as deferring, abandoning, expanding, staging, or contracting a capital investment project. For example, real options valuation could examine the opportunity to invest in the expansion of a firm's factory and the alternative option to sell the factory.
