In their new report, CoT Partner Allianz highlights that the pandemic and the rise of cryptocurrencies have made it easier for cyber criminals to undertake ransomware attacks. That is why businesses will have to expand their cybersecurity efforts in the coming years.
Charter of Trust Partner Allianz published a new major report “Ransomware trends: Risks and Resilience”. In the report, Allianz highlights that the pandemic and the rise of cryptocurrencies have made it easier for cyber criminals to undertake ransomware attacks. Indeed, this kind of attack often comes with low risk and high financial benefits. That is why businesses will have to expand their cybersecurity efforts in the coming years.
The report finds that supply chains have emerged as key targets of ransomware attacks. This is because attacks on supply chains help cybercriminals maximize their efficiency and return on investment. At the moment, entire supply chains appear as victims of two types of attacks: attacks that target software or IT service providers, using them to spread malware, and attacks that target physical supply chains, such as critical infrastructure.
As a response to this growing threat, Allianz and its fellow Charter of Trust Partners are calling on companies to strengthen their controls and to invest more in cybersecurity. This is an essential effort in light of the fact that the majority of ransomware attacks are generally not targeted and not very sophisticated. It has become clear, so the report confirms, that hackers will logically first hit those businesses with the weakest defences.
It is the Charter of Trust’s ambition to enable companies to protect the integrity of their data. This specifically refers to the Charter’s Principle 2 “Responsibility throughout the digital supply chain”, where CoT Partners developed the “Common risk-based approach for the Digital Supply Chain”.
We hope Allianz’s report is useful to you and you enjoy reading.
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Decrypting the Future: Global Timelines for PostQuantum Cryptography and why they matter
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Post-Quantum Cryptography
Decrypting the Future: Global Timelines for PostQuantum Cryptography and why they matter
The transition to post-quantum cryptography is not a future problem — it is a present one. The threat of adversaries harvesting encrypted data today for decryption once quantum computing matures means that organizations with long-lived data and systems are already exposed. Waiting for cryptographically relevant quantum computers to arrive before acting is not a viable risk management strategy.
Exposure is not uniform across sectors. Financial services, government and defense, operational technology, and healthcare face the sharpest quantum risk, driven by decades-long data retention obligations, slow system replacement cycles, and the societal consequences of cryptographic failure. For these sectors, PQC readiness has moved from best practice to strategic imperative.
Globally, the direction of travel is clear. The United States, European Union, United Kingdom, Singapore, and Australia have each established structured PQC transition frameworks, with mandatory deadlines converging around the late 2020s and 2030. Organizations operating across jurisdictions should expect compounding compliance requirements and align migration plans accordingly.
At the same time, the geopolitical dimension of PQC standardization is becoming increasingly salient. The emergence of a “splinternet” infrastructure, characterized by regionally fragmented digital ecosystems, suggests that cryptographic standards diverge along political and strategic lines. As a result, organizations must not only manage technical migration but also navigate a politically charged landscape in which interoperability, regulatory alignment, and long-term cryptographic agility become critical strategic considerations.
This paper offers a comparative overview of regional PQC transition frameworks and identifies the business and systemic risks associated with quantum-vulnerable cryptography, providing insights for organizations preparing for the transition to post-quantum cryptography. Overall, PQC migration is a strategic transformation, not a technical patch. Cryptographic inventory, governance structures, crypto-agility, and supply chain engagement are as central to success as algorithm selection — and organizations that treat PQC readiness as an architectural and organizational challenge will be best positioned as quantum risks continue to mature.
Exposure is not uniform across sectors. Financial services, government and defense, operational technology, and healthcare face the sharpest quantum risk, driven by decades-long data retention obligations, slow system replacement cycles, and the societal consequences of cryptographic failure. For these sectors, PQC readiness has moved from best practice to strategic imperative.
Globally, the direction of travel is clear. The United States, European Union, United Kingdom, Singapore, and Australia have each established structured PQC transition frameworks, with mandatory deadlines converging around the late 2020s and 2030. Organizations operating across jurisdictions should expect compounding compliance requirements and align migration plans accordingly.
At the same time, the geopolitical dimension of PQC standardization is becoming increasingly salient. The emergence of a “splinternet” infrastructure, characterized by regionally fragmented digital ecosystems, suggests that cryptographic standards diverge along political and strategic lines. As a result, organizations must not only manage technical migration but also navigate a politically charged landscape in which interoperability, regulatory alignment, and long-term cryptographic agility become critical strategic considerations.
This paper offers a comparative overview of regional PQC transition frameworks and identifies the business and systemic risks associated with quantum-vulnerable cryptography, providing insights for organizations preparing for the transition to post-quantum cryptography. Overall, PQC migration is a strategic transformation, not a technical patch. Cryptographic inventory, governance structures, crypto-agility, and supply chain engagement are as central to success as algorithm selection — and organizations that treat PQC readiness as an architectural and organizational challenge will be best positioned as quantum risks continue to mature.
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April 07, 2026
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Post-Quantum Cryptography
A Quantum Leap for Cybersecurity: The Charter of Trust’s PQC Ambition
The Charter of Trust is taking decisive steps to secure our digital future in the quantum era. As quantum computing advances, the risks to today’s cryptographic systems grow ever more urgent. Our dedicated working group is leading the way in raising awareness, promoting standards-based migration, and fostering collaboration across industries, governments, and academia. Together, we are committed to a proactive, well-coordinated, and risk-driven transition to post-quantum cryptography—ensuring digital trust and resilience for generations to come. Discover our vision and join us as we shape a secure digital world for the quantum age.
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November 03, 2026
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Artificial Intelligence
Read the Charter's contribution to the European Commission's public consultation on the Digital Omnibus Package
The rapid expansion of EU digital regulation has strengthened security, privacy, and trust, but it has also created overlapping obligations, inconsistent timelines, and administrative complexity. The Digital Omnibus Package provides a timely opportunity to streamline these rules, ensure greater coherence, and enable businesses to focus resources on resilience and innovation rather than redundant compliance tasks.
The Charter of Trust welcomes the Commission’s initiative to harmonize digital regulations across the EU, aiming to reduce administrative burdens while maintaining high standards of security and privacy. Representing the unified views of its Partners, this paper addresses all key legislation within the scope of the Digital Omnibus and offers comprehensive recommendations. It emphasizes the need for a unified incident reporting system, risk-based notification requirements, and fair compliance processes to minimize regulatory overlap. The Charter calls for clearer liability clauses, global recognition of certifications, and stronger supply chain security.
In data regulation, the Charter advocates ensuring alignment between the rules on data intermediation services under the DGA and B2B data sharing under the Data Act and extending exemptions to mid-cap companies, all while safeguarding trade secrets. For artificial intelligence, the paper recommends a phased approach to new requirements, integrated conformity assessments, harmonized compliance templates, and clear definitions, supported by sector-specific guidance and transparent AI categorization. The Charter also encourages the European Commission to ensure that ePrivacy reform is future-proof, fosters innovation, and reflects the needs of both businesses and consumers. Finally, it recommends robust security standards and cross-border recognition for the EU Business Wallet, with industry involvement in technical standards and integration with data access systems.
Collectively, these measures are designed to foster innovation, resilience, and trust in the EU’s digital landscape, allowing businesses to thrive in a coherent and future-ready regulatory environment.
The Charter of Trust welcomes the Commission’s initiative to harmonize digital regulations across the EU, aiming to reduce administrative burdens while maintaining high standards of security and privacy. Representing the unified views of its Partners, this paper addresses all key legislation within the scope of the Digital Omnibus and offers comprehensive recommendations. It emphasizes the need for a unified incident reporting system, risk-based notification requirements, and fair compliance processes to minimize regulatory overlap. The Charter calls for clearer liability clauses, global recognition of certifications, and stronger supply chain security.
In data regulation, the Charter advocates ensuring alignment between the rules on data intermediation services under the DGA and B2B data sharing under the Data Act and extending exemptions to mid-cap companies, all while safeguarding trade secrets. For artificial intelligence, the paper recommends a phased approach to new requirements, integrated conformity assessments, harmonized compliance templates, and clear definitions, supported by sector-specific guidance and transparent AI categorization. The Charter also encourages the European Commission to ensure that ePrivacy reform is future-proof, fosters innovation, and reflects the needs of both businesses and consumers. Finally, it recommends robust security standards and cross-border recognition for the EU Business Wallet, with industry involvement in technical standards and integration with data access systems.
Collectively, these measures are designed to foster innovation, resilience, and trust in the EU’s digital landscape, allowing businesses to thrive in a coherent and future-ready regulatory environment.
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October 14, 2025
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