Multi-cloud security company Fortanix inc. today announced a new partnership with an identity and access management provider Versasec AB which will help organizations protect cryptographic processes, maintain the integrity of their credentials, and avoid risks associated with key exposure.

The collaboration aims to address the challenge faced by global institutions in migrating hardware security module master keys. HSMs are specialized devices designed to manage, process and securely store cryptographic keys and perform encryption and decryption functions.

The Fortanix-Versasec collaboration addresses the challenge with a solution that allows the calculation and transfer of all diversified keys from the old HSM master key. This allows for a smooth transition to using Fortanix HSM master keys for future operations.

The collaboration has been tailored to highly regulated industries such as banking, financial services, government, healthcare, e-commerce, retail and energy. It combines Fortanix’s key management capabilities with Versasec’s vSEC credential management system to enable secure storage and diversification of administrative keys.

The main benefits include the protection of master keys used in cryptographic operations and the secure generation, storage and management of keys essential for administrative tasks. The integration also ensures that keys are protected against unauthorized access or tampering, helping organizations comply with strict security standards and regulations.

“Combining Fortanix’s capabilities with Versasec’s best-in-class credential management provides an ideal solution for businesses looking to secure their crypto operations, even in complex use cases,” said Anuj Jaiswal, Director products. He added that “the collaboration has already delivered significant value to one of the world’s largest financial institutions and together we look forward to helping many more businesses, particularly in regulated and risk-sensitive sectors.” privacy, to derive the same benefits from the implementation of the common solution. »

Fortanix was previously in the news in October when it announced a partnership with digital certificate and certificate lifecycle management company Sectigo Ltd. The partnership allows companies to secure their software supply chain by automating the issuance of code signing certificates.

Image: SiliconANGLE/Ideogram