News from the Wire

Cryptomathic launches CrystalKey 360

Thursday, May 02, 2024 — 12:20:38 (EDT)

2 May 2024. Aarhus, Denmark. Cryptomathic, a global leader in data security and encryption, has announced the launch of CrystalKey 360, its new cryptographic key management solution.

Gartner recently revealed that the evolving regulatory environment is a driving factor forcing security and risk management leaders to enhance their security and risk management spending. As the volume of keys increases, organizations are finding it harder to demonstrate compliance with regulations.

The new platform solves the challenge of managing the rapidly increasing number of keys floating around organizations today. Keys are needed for many new and existing use cases to ensure data security and compliance with new regulations.

One of the headaches in many regulated organizations is the need for hardware security modules (HSMs), which are expensive to buy, maintain and staff. The expensive and inflexible nature of HSMs creates a barrier to forward-thinking business priorities like benefiting from the cloud.

This is where CrystalKey 360 excels. The platform makes it easy to manage all policies, algorithms, keys, logging, and governance across HSMs, secure cloud enclaves, cloud key stores, and applications. It is one system that brings everything together to vastly improve operational costs and efficiencies.

Glen Leonhard, Director of Key Management at Cryptomathic, said: “Traditionally, introducing data security into your organization has been complex and difficult to manage. We believe there’s another way and with CrystalKey 360 we are making it easy, safe and affordable for businesses to embed industry-leading data security into their organization.”

“Businesses today not only need the right data security solution in place, but they must ensure it is crypto-agile. Cryptographic algorithms will need to be replaced or enhanced by soon-to-be-standardized quantum-resistant algorithms, but even then there is no guarantee that they will stand up to quantum computing. Organizations must therefore be able to change cryptographic parameters or switch entire cryptographic algorithms, without changing or revisiting the application that uses the cryptographic functionality.”

CrystalKey 360 provides this crypto-agility in a centralized platform and is expected to become available under a new subscription-based license from Q3 2024. A migration path for existing Cryptomathic customers is expected to be available from Q1 2025.

To find out more, visit www.cryptomathic.com/products/key-management

# ENDS #

About Cryptomathic

Cryptomathic is a global software company trusted by some of the world’s leading organizations in financial services, banking, semiconductors, manufacturing, energy and governments. With over 35 years' experience, it provides best of breed security solutions for eSigning, Mobile App Security, Payment Card Management and Key Management.

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information: bankcardlife.com?orid=33533&opid=1 .

Source: Company press release.