Expansion of Data Privacy Legislation Drives Futurex HSM Adoption
BULVERDE, Texas, March 20, 2020 — The expansion of stringent data privacy legislation, including the European Union’s General Data Protection Regulation (GDPR) and Brazil’s General Data Protection Law (LGPD), has driven an uptick in organizations augmenting their data security infrastructures. Enterprises worldwide are turning to Futurex, a leader in hardened, enterprise-class data security solutions, for standards-compliant cryptographic appliances designed to protect sensitive data in transit, in use, and at rest using physical security measures, logical security controls, and strong encryption.
Organizations in more than 120 countries, that are subject to GDPR and LGPD, are taking steps to improve security standards for data protection and customer privacy, according to IAPP. It is the responsibility of those collecting and controlling customer data to ensure they implement a comprehensive data security infrastructure into every part of their processes. Currently, only 28% of organizations are compliant with GDPR, which went into effect May 2018, according to the recent report, The Championing Data Protection and Privacy Report, by Capgemini Research Institute.
Organizations can improve their security by offloading their cryptographic and key management processes to hardware security modules (HSMs). Futurex’s HSMs provide robust security, including FIPS 140-2 Level 3-validated cryptography to better manage sensitive customer data. Since most current database platforms are compliant with robust FIPS-validated cryptographic libraries, such as PKCS #11 and KMIP, it is not difficult to achieve GDPR and LGPD compliance. For more information on data privacy legislation and infosecurity implications, please visit https://www.futurex.com/resource-library/whitepaper-data-privacy-legislation.
“We have seen a surge of HSM interest and sales from enterprises needing to increase security and meet regulatory compliance requirements,” said Ryan Smith, vice president of global business development. “Enterprises are integrating strong cryptography and key management, backed by HSMs, into their existing data infrastructure, integrating with their existing database platforms. We work with our customers to help streamline the process to GDPR and LGPD compliance.”
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.