INTELLIGENT BANKING
Gemalto helps banks simplify and
streamline encryption operations
G
emalto, a world leader in digital
security, has announced the
launch of the industry’s 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.
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
84
INTELLIGENTCIO
of cryptographic infrastructure and
operations. The new partitioning
capability of Gemalto’s 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. 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.”
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. “Gemalto 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,” said Todd Moore,
Senior Vice President for Encryption
Products at Gemalto. “By 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.”
“While the cloud brings endless
opportunities for faster convenient
banking and payments, the challenge
remains around security,” said Rob
Westervelt, Analyst at IDC. “It’s especially
With Gemalto’s SafeNet Luna EFT
Payment HSM, one of the most scalable
www.intelligentcio.com