BULVERDE, Texas, June 25, 2020 /PRNewswire/ -- Futurex, a leading provider of hardened enterprise-class data security solutions, today announced the next generation of its VirtuCrypt financial cloud hardware security module (HSM) service. Futurex's VirtuCrypt financial cloud HSM service supports financial services organizations' critical payment systems cryptography and key management needs in the cloud.
VirtuCrypt cloud HSMs are the industry's first financial cloud cryptographic solution with native Amazon Web Services (AWS) support, which was also announced today. Details of the VirtuCrypt next-generation financial cloud HSM, along with feature demonstrations, will be held at the Futurex Virtual Summit 2020 on June 25, 2020 at 10:00 a.m. CT. Register for this at Futurex-Summit.com or view the session on demand afterward.
Financial services organizations depend on HSMs to meet their payment and cryptography needs, including for transaction acquiring, card and mobile issuing, and Point-to-Point Encryption (P2PE). HSMs are used to handle tasks for banks and merchants including PIN translation and verification, CVV generation and validation, EMV validation, message authentication code generation and verification, key management, and mobile payment processing. Additionally, they depend on HSMs to issue payment cards and provision mobile payment tokens.
Since 2015, VirtuCrypt financial cloud HSMs have provided services for organizations of all sizes. With five data centers worldwide and certifications including PCI DSS, PCI PIN, PCI P2PE, and TR-39, VirtuCrypt services are a platform-agnostic way for organizations to deploy cryptographic services across a range of financial use cases and architectures.
"We have been working with the financial services industry for more than 40 years to deliver mission-critical cryptographic solutions to support the large volume of payment systems and processes required," said Ryan Smith, vice president of global business development at Futurex. "Today, we're proud to announce a range of groundbreaking enhancements to our VirtuCrypt financial cloud HSM – the industry's first financial cloud HSM with native AWS integration – building on years of cloud HSM experience and delivering on our commitment to meeting the security, robustness, scalability, and compliance needs of financial services organizations worldwide."
Futurex's next-generation VirtuCrypt financial cloud HSM service features:
Core-to-Cloud Architecture and Automation
Snapshot Technology and Cloud HSM Management
Cryptoverse & CryptoTunnel Security Fabric
Crypto Infrastructure Intelligence and Orchestration
Native Omni-Cloud Integration
"Enterprise workloads are moving to the cloud in vast quantities, and payment applications are no exception," said Tim Sloane, vice president of payments innovation at Mercator Advisory Group. "As organizations determine the ideal mix of cloud and on-premises technology for their own ecosystem, it's vital that hardware security modules and encryption key management be included in the conversation."
For more information, please visit: Futurex.com/CloudHSM.
For more than 40 years, Futurex has been a trusted provider of hardened, enterprise-class data security solutions. More than 15,000 organizations worldwide, including financial services providers and corporate enterprises, have used Futurex's innovative hardware security modules, key management servers, and enterprise-class cloud solutions to address their mission-critical systems, data security, and cryptographic needs. This includes the secure encryption, storage, transmission, and certification of sensitive data. For more information, please visit https://www.Futurex.com/.
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