HSM virtualization refers to an HSM’s ability to create and run virtual instances of itself. This effectively multiplies the number of HSMs a user has access to, allowing them to dedicate virtual HSMs to different transaction processing environments, use cases, or business units. Each virtual HSM is truly independent, with unique firmware versions, users, security policies, and storage space. In short, HSM virtualization allows users to deploy multiple HSMs within a single device.
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