Why Migrate to Financial Cloud HSMs?
Learn more about VirtuCrypt Financial Cloud HSMs powered by the Futurex Hardened Enterprise Security Platform
Trends are helpful landmarks when navigating the complex and comprehensive world of IT and computational resources. Nearly all cloud computing trends indicate that growth in cloud spend and utilization shows no signs of decreasing. Through 2022, Gartner forecasts the growth and market size of the cloud services industry will be almost three times the overall IT services growth.
But what about financial institutions? Financial hardware security modules (HSMs) are the security backbone for payment systems encryption and key management but do not typically live in the cloud…unless you work with Futurex. Our next-generation financial cloud HSMs offer the same incredible features, performance, and functionality of Futurex HSMs but with the flexibility and cost savings of a cloud service. Get started today with three months free of our financial cloud HSM service if you sign up before 2021.
It is common to experience major features or performance trade-offs when shifting IT resources to the cloud. With financial cloud HSMs, this is not the case as organizations can conduct specialized cryptographic practices — financial acquiring, financial issuing, and P2PE —meeting compliance requirements such as PCI DSS, PCI P2PE, and PCI PIN.
Futurex's VirtuCrypt financial cloud HSM service is exclusively powered by our FIPS 140-2 Level 3 and PCI HSM validated HSMs allowing organizations to conduct the same hardware-based cryptographic operations but with the convenience and scalability of a cloud service. This same cloud HSM service directly integrates with all major hyperscalers, including Amazon Web Services and Microsoft Azure, ensuring secure communication and a seamless experience when migrating on-premises encryption and data security operations.
Flexibility & Fast Deployment
The financial cloud HSM service allows organizations to customize and deploy fit-for-purpose financial HSMs without compromising on complexity or security requirements. Security teams deploy cloud HSMs in a short time through the VirtuCrypt Intelligence Portal without interrupting production devices. Use financial cloud HSMs to expand capacity with SLA-backed uptime. Additional advantages include:
• Increasing system redundancy by configuring failover cloud HSMs
• Easily backup & clone cloud HSMs for future use with no downtime
• Connect applications spanning multiple public clouds to a single VirtuCrypt cloud HSM estate
Lower Total Cost of Ownership (TCO)
As with most cloud computing services, financial cloud HSM service is an operating expenditure (OPEX), saving organizations from the high cost of purchasing and maintaining cryptographic hardware appliances. Hiring and maintaining an advanced staff of professionals to care for the cryptographic equipment is also a large cost center that prevents many businesses from expanding their HSM usage. With cloud HSMs, deployment requires significantly less time and human resources since no physical implementation or maintenance is required.
Compliance Scope Reduction
Just like taxes, most people are not thrilled to talk about achieving and maintaining compliance. It can take some organizations years to become PCI-compliant due to a broad and comprehensive compliance scope. Our financial cloud HSMs help organizations reduce their compliance scope by using VirtuCrypt's secure cloud environment to execute various crypto practices, including Point-to-Point Encryption (P2PE) and Vaultless Tokenization, using PCI-HSM certified hardware security modules.
The 2020 Year End Promotion | 3 Months for Free
With 2020 coming to a close, Futurex is offering the first three months of our financial cloud HSM service FOR FREE*. If you sign up before December 31, 2020, your organization can take full advantage of our financial cloud HSM services without paying anything until 2021.
*Offer valid through 12/31/2020, subject to Futurex approval