VirtuCrypt Named Enterprise Encryption Solution of the Year
BULVERDE, Texas, October 3, 2019— VirtuCrypt, a Futurex company, today announced that its cloud-based hardened enterprise security platform was named Enterprise Encryption Solution of the Year for 2019 by CyberSecurity Breakthrough. This is the second award from CyberSecurity Breakthrough, who named Futurex the Overall Encryption Solution Provider of the Year in 2018. This year’s program attracted more than 3,500 nominations from around the world.
With more than 80% of businesses experiencing a cybersecurity incident this past year, sensitive financial and customer information is at great risk, according to the latest report from Forrester Consulting. Companies with high security requirements, especially those in financial services, retail, and Internet of Things (IoT) device manufacturing, are turning to VirtuCrypt for their cryptographic security needs in the cloud.
“We are honored to be recognized for our enterprise encryption cloud hardware security module and key management solutions,” said Ryan Smith, vice president of global business development at Futurex. “It’s a great testament to our company’s commitment to building best-in-class cryptographic infrastructures and solutions for top-tier organizations.”
The migration to the cloud is continuing at a rapid pace across enterprises in all industries. According to Gartner, more than one third of large organizations consider cloud solutions as one of their top three priorities. Eighty three percent of enterprise workloads will be in the cloud by 2020, according to a recent LogicMonitor cloud study.
Enterprises with stringent data security requirements, such as financial institutions, retailers, and IoT device manufacturers, need advanced data security. VirtuCrypt meets their cryptographic security needs in the cloud, offering Futurex’s Hardened Enterprise Security Platform, with added cloud-based features including offsite disaster recovery and redundancy; hosted core cryptographic infrastructures; secure data storage, processing, and validation; all from within a TR-39 and PCI PIN-certified secure facilities. VirtuCrypt has expanded traditional cloud computing, by combining the robust physical and logical security of FIPS 140-2 Level 3 and PCI HSM validated secure cryptographic devices with the convenience of the cloud.
“VirtuCrypt further solidified itself as an industry-leading provider of cloud security solutions in the last year, both by recording significant growth in traditional cloud security solutions and by establishing new products such as VirtuCrypt Plus,” said James Johnson, managing director, CyberSecurity Breakthrough. “In a business such as cloud-based security, where the threats are evolving as rapidly as the technology itself, VirtuCrypt is demonstrating an ability to innovate to remain ahead of the threats, and we are pleased to award it this 2019 CyberSecurity Breakthrough Award designation.”
CyberSecurity Breakthrough Awards
CyberSecurity Breakthrough is a leading independent market intelligence organization that recognizes the top companies, technologies and products in the global information security market. The mission of the CyberSecurity Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of information security categories, including Cloud Security, Threat Detection, Risk Management, Fraud Prevention, Mobile Security, Email Security and more. For more information, visit CyberSecurityBreakthrough.com.