System cryptographic keys must be replaced after a defined period of time, after having produced a certain amount of cipher-text or after its integrity has been weakened. E.g. when an employee with knowledge of a key departs or when it is believed to have been compromised.
System cryptographic keys are essential for maintaining the confidentiality and integrity of transactions and communications. In order to mitigate their decreased effectiveness over time and any possible loss of their integrity, they should be replaced often.
CWE-324: Use of a Key Past its Expiration Date. The product uses a cryptographic key or password past its expiration date, which diminishes its safety significantly by increasing the timing window for cracking attacks against that key.
CWE-326: Inadequate Encryption Strength. The software stores or transmits sensitive data using an encryption scheme that is theoretically sound, but is not strong enough for the level of protection required.
OWASP-ASVS v4.0.1 V1.6 Cryptographic Architectural Requirements.(1.6.3) Verify that all keys and passwords are replaceable and are part of a well-defined process to re-encrypt sensitive data.
OWASP-ASVS v4.0.1 V2.9 Cryptographic Software and Devices Verifier Requirements.(2.9.2) Verify that the challenge nonce is at least 64 bits in length, and statistically unique or unique over the lifetime of the cryptographic device.
OWASP-ASVS v4.0.1 V6.2 Algorithms.(6.2.6) Verify that nonces, initialization vectors, and other single use numbers must not be used more than once with a given encryption key. The method of generation must be appropriate for the algorithm being used.
PCI DSS v3.2.1 - Requirement 3.6.4 Fully document and implement all key-management processes and procedures for cryptographic keys including cryptographic key changes for keys that have reached the end of their cryptoperiod. For example, after a defined period of time has passed and/or after a certain amount of cipher-text has been produced by a given key.
PCI DSS v3.2.1 - Requirement 3.6.5 Fully document and implement all key-management processes and procedures for cryptographic keys including retirement or replacement (for example, archiving, destruction, and/or revocation) of keys as deemed necessary when the integrity of the key has been weakened, or keys are suspected of being compromised.