Book excerpt: This book constitutes the proceedings of the 14th International Workshop on Cryptographic Hardware and Embedded Systems, CHES 2012, held in Leuven, Belgium, in September 2012. The 32 papers presented together with 1 invited talk were carefully reviewed and selected from 120 submissions. The papers are organized in the following topical sections: intrusive attacks and countermeasures; masking; improved fault attacks and side channel analysis; leakage resiliency and security analysis; physically unclonable functions; efficient implementations; lightweight cryptography; we still love RSA; and hardware implementations.