Quantum Computing has the potential to make the current encryption algorithms obsolete once it gets around to actually being implemented on a large scale. But the Cryptographic experts in charge of such things have been working on Post Quantum Cryptography/Post Quantum Encryption (PQE) over the past few years to offset this risk. SIKE was one of KEM algorithms that advanced to the fourth round earlier this year and it was considered as an attractive candidate for standardization because of its small key and ciphertext sizes.
Unfortunately while that is true researchers have found that the algorithm is badly broken. Researchers from the Computer Security and Industrial Cryptography group at KU Leuven published a paper over the weekend “An Efficient Key Recovery Attack on SIDH” (Preliminary Version) that describes a technique which allows an attacker to recover the encryption keys protecting the SIKE Protected transactions in under an hours time using a single traditional PC. Since the whole idea behind PQE was to identify algorithms that are stronger than the traditional ones this immediately disqualifies SIKE from further consideration.
Abstract. We present an efficient key recovery attack on the Supersingular Isogeny Diffie–Hellman protocol (SIDH), based on a “glue-and-split” theorem due to Kani. Our attack exploits the existence of a small non-scalar endomorphism on the starting curve, and it also relies on the auxiliary torsion point information that Alice and Bob share during the protocol. Our Magma implementation breaks the instantiation SIKEp434, which aims at security level 1 of the Post-Quantum Cryptography standardization process currently ran by NIST, in about one hour on a single core.
The attack exploits the fact that SIDH has auxiliary points and that the degree of the secret isogeny is known. The auxiliary points in SIDH have always been an annoyance and a potential weakness, and they have been exploited for fault attacks, the GPST adaptive attack, torsion point attacks, etc.
This is not a bad thing as the whole testing and validation process is supposed to weed out weak algorithms and it is better to have them identified and removed now than after their release as then it becomes almost impossible to phase out systems that use the broken/compromised encryption algorithms.
Source: Schneier on Security: SIKE Broken
– Suramya