Gemalto, the world leader in digital security, has announced the launch of the industry\u2019s first payment hardware security module (HSM) to include partitioning as an advanced security feature. This new capability allows financial services organisations to simplify cryptographic operations by using a single HSM to support dozens of security applications and protect sensitive payment information and transactions.<\/p>\n
Today, bank and financial services firms are using encryption to protect a growing number of digital services and new transaction types such as cloud-based and peer-to-peer payments. Typically, these organisations have deployed an individual HSM to secure each individual payment operation or transaction application. While necessary to meet stringent security requirements, adding more HSMs can increase the complexity of cryptographic infrastructure and operations. The new partitioning capability of Gemalto\u2019s SafeNet Luna EFT Payment HSM solves this challenge with a single HSM platform that can be separated into multiple virtual HSMs to provide the scalability financial services firms require today.<\/p>\n
Each partition functions as an independent HSM, meaning financial institutions can encrypt more data and protect a wider range of financial transactions without having to deploy multiple HSMs. Partitioning offers financial organisations a tremendous amount of flexibility to move keys in and out of the cloud environment, maintain control and ownership of their encryption keys and run more cloud-based payment applications under one HSM. <\/p>\n
\u201cWhile the cloud brings endless opportunities for faster convenient banking and payments, the challenge remains around security,\u201d said Rob Westervelt, Analyst at IDC. \u201cIt\u2019s especially important with the rise of mobile payments and cloud-enablement technology like host-card emulation (HCE) to implement a strong data security strategy with end-to-end encryption. Hardware security modules underlying security brings trust to these new types of transactions and payments.\u201d<\/p>\n
\u201cGemalto has a long history of enabling and securing payments from credit cards to mobile devices and our SafeNet HSM has a proven track record of protecting over $1 trillion transactions worldwide every day,\u201d said Todd Moore, Senior Vice President for Encryption Products at Gemalto. \u201cBy adding partitioning to the SafeNet Payment HSM, we are enabling our customers to reduce hardware, improve cloud usability, and decrease transaction processing times all while maintaining the same level of security required by the financial industry.\u201d<\/p>\n
With Gemalto\u2019s SafeNet Luna EFT Payment HSM, one of the most scalable encryption solutions on the market, Gemalto\u2019s SafeNet Luna EFT Payment HSM helps banks:<\/p>\n
\u2022\tReduce PCI-DSS compliance scope by using end-to-end encryption of payment data, stored online, captured at the point of sale, or travelling to and from the financial institution\u2019s back end.
\n\u2022\tManage large volumes of cryptographic security functions simultaneously to secure the growing number of online, peer-to-peer and mobile payment transactions.
\n\u2022\tTake advantage of Host Card Emulation-based contactless payments by securing the enrolment, provisioning, and tokenisation process of payment card credentials and operations.
\n\u2022\tAccess and integrate with a wider range of point of sale (POS) terminals through Gemalto\u2019s extensive partner network.
\n\u2022\tScale transactional processing for faster authorisation speeds in the cloud and credit, debit, e-wallet and chip cards while meeting FIPS 140-2 Level 3 and PCI-HSM 2.0 standard. \t<\/p>\n","protected":false},"excerpt":{"rendered":"
Gemalto, the world leader in digital security, has announced the launch of the industry\u2019s first payment hardware security module (HSM) to include partitioning as an advanced security feature. This new capability allows financial services organisations to simplify cryptographic operations by using a single HSM to support dozens of security applications and protect sensitive payment information […]<\/p>\n","protected":false},"author":23,"featured_media":15133,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[565,5,399],"tags":[971,919,1755,1756,1757],"class_list":["post-15127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-finance","category-enterprise-security","category-more-news","tag-banking-finance","tag-data-security","tag-hardware-security-modules","tag-hsm","tag-safenet-payment-hsm"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/15127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/comments?post=15127"}],"version-history":[{"count":0,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/15127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/media\/15133"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/media?parent=15127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/categories?post=15127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/tags?post=15127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}