How To Choose The Right Payment HSM To Secure Your Payment Transactions Data – Part 2

In the first part of our comprehensive three-part series on selecting the ideal Payment Hardware Security Module (HSM), we explored three fundamental features often underestimated by organizations: dual functionality, processing speeds, and authentication mechanisms. These features are crucial given the continuously evolving cyber threat landscape.

Next, let’s explore three more features that are key to selecting a Payment HSM:

• HSM virtualization
• Working key storage
• HSM partitioning

1. HSM Virtualization

HSM virtualization allows users to divide the cryptographic functions of an HSM into different logical partitions which serve as independent virtual HSMs. In short, it maximizes the functionality of a single HSM. With sophisticated HSM virtualization, each virtual HSM will have its own firmware, security policies, key storage space, and configuration settings.

HSM virtualization allows users to serve multiple applications and deploy different use cases all with the same HSM. Ultimately, this increases operational efficiency and lowers total cost of ownership (TCO).

2. Working Key Storage

Working keys are transient encryption keys generated during cryptographic transaction processing. These keys have a defined usage period or transaction limit before being substituted.

It is paramount that Payment HSMs include working key storage. It guarantees the secure safekeeping and periodic rotation of these transient keys, mitigating potential key breaches.

Moreover, the integration of working key storage aligns the Payment HSM with stringent payment industry security benchmarks such as PCI-DSS. These standards require encryption keys used in payment transactions to be protected and managed meticulously.

3. HSM Partitioning

Partitioning a Hardware Security Module (HSM) involves the subdivision of the HSM into distinct, isolated environments known as partitions or slots. Each partition possesses its exclusive collection of encryption keys, management protocols, and access authorizations.

HSM partitioning expedites the segregation of duties and data across diverse business applications, yielding heightened security. Notably, the isolation of partitions guarantees that a breach within one partition does not jeopardize the integrity of others.

Furthermore, HSM partitioning accelerates scalability since multiple applications can now use the same physical HSM without interfering with each other. HSM partitioning also improves cost efficiency by reducing  investments in multiple HSMs.

Futurex’s Payment HSMs: A Cut Above The Rest

When it comes to Payment HSMs, leading organizations around the world trust Futurex’s FIPS 140-2 Level 3 and PCI-validated  Excrypt Plus and Excrypt SSP Enterprise v.2  HSMs to cohesively secure their payment transactions’ data.

With seamless support for instantly creating and managing up to 20 virtual HSMs in the same device, Futurex’s Excrypt Plus and Excrypt SSP Enterprise v.2 are the only two HSMs available in the market today that offer seamless HSM virtualization.

As for working key storage, both these HSMs offer internal as well as external key storage for up to 25,000 keys in the same HSM, making them highly versatile and scalable security solutions.

Lastly, with an integrated feature of supporting  up to 250 application partitions per virtual HSM, Futurex’s Payment HSMs help organizations quicky segregate and assign access to keys, permissions, and cryptographic commands, which enhances overall security and operational efficiency.

In the concluding part of this three-part series, we’ll explore 3 more features that you should look for when choosing the right Payment HSM for your organization.

Stay tuned…

FAQ

How does HSM virtualization contribute to operational efficiency and cost savings in the context of Payment Hardware Security Modules (HSMs), and what specific benefits does it offer in terms of functionality and configuration?

HSM virtualization contributes to operational efficiency and cost savings by enabling users to divide the cryptographic functions of an HSM into independent virtual HSMs with their own firmware, security policies, key storage, and configuration settings. This allows a single HSM to serve multiple applications and use cases, increasing overall efficiency and lowering the total cost of ownership (TCO).

Why is working key storage considered paramount in Payment HSMs, and how does it address the security concerns related to transient encryption keys, particularly in compliance with industry standards like PCI-DSS?

Working key storage is crucial in Payment HSMs as it ensures the secure management and periodic rotation of transient encryption keys generated during cryptographic transaction processing. This feature addresses security concerns by mitigating the risk of key breaches. Additionally, the integration of working key storage aligns with industry standards like PCI-DSS, which mandate meticulous protection and management of encryption keys used in payment transactions.

How does HSM partitioning enhance security in the context of Hardware Security Modules, and what role does it play in facilitating the segregation of duties, data isolation, and scalability across diverse business applications?

HSM partitioning involves dividing an HSM into isolated partitions or slots, each with its own encryption keys, management protocols, and access authorizations. This practice expedites the segregation of duties and data across different business applications, enhancing overall security. The isolation of partitions also ensures that a breach in one partition does not compromise the integrity of others. Furthermore, HSM partitioning facilitates scalability, allowing multiple applications to use the same physical HSM without interference, leading to improved cost efficiency.