Cryptomathic recently introduced CrystalKey 360, its latest cryptographic key management solution.
According to recent insights from Gartner, the evolving regulatory landscape is driving security and risk management leaders to increase their spending in these areas. As the number of cryptographic keys proliferates, organisations are experiencing challenges in demonstrating compliance with regulations.
The new platform addresses the challenge of managing the escalating volume of keys within organisations. Keys are essential for numerous new and existing applications to uphold data security and align with new regulations.
A common concern in many regulated organisations revolves around the necessity for hardware security modules (HSMs), which incur significant costs in procurement, maintenance, and staffing. The costly and rigid nature of HSMs poses obstacles to progressive business initiatives such as benefiting from Cloud technologies.
CrystalKey 360 stands out in this regard. The platform simplifies the management of policies, algorithms, keys, logging, and governance across various components, including HSMs, secure Cloud enclaves, Cloud key stores, and applications. It offers one system that significantly enhances operational efficiency while reducing costs.
Glen Leonhard, Director of Key Management at Cryptomathic, said: “Traditionally, introducing data security into your organization has been complex and difficult to manage. We believe there’s another way and with CrystalKey 360 we are making it easy, safe and affordable for businesses to embed industry-leading data security into their organisation.
“Businesses today not only need the right data security solution in place, but they must ensure it is crypto-agile. Cryptographic algorithms will need to be replaced or enhanced by soon-to-be-standardised quantum-resistant algorithms, but even then there is no guarantee that they will stand up to quantum computing. Organisations must therefore be able to change cryptographic parameters or switch entire cryptographic algorithms, without changing or revisiting the application that uses the cryptographic functionality.”
CrystalKey 360 offers this crypto-agility within a centralised platform and is anticipated to become available under a new subscription-based licensing model from Q3 2024.
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