We have a requirement from one of our customers regarding the encryption algorithms - "Make use of published public encryption algorithms that are considered to be practically unbroken. Contracting Authority considers an algorithm practically unbroken when a key can't be recovered within 1 year with hardware costing less than 1,000,000 euro. We should have a life cycle process for the encryption algorithms in place to ensure the 1 year duration is kept despite the every increase computing power. Describe the process."
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