Fortanix and Versasec Partner to Enhance Protection of Master Keys Used in Crypto Operations

SANTA CLARA, Calif. - Nov. 6, 2024 - PRLog -- Fortanix, Inc., a leader in data-first cybersecurity and pioneer of Confidential Computing, and Versasec, a global leader in identity and access management (IAM), today announced a new integration to help organizations protect cryptographic processes, maintain the integrity of their credentials and avoid the risks associated with key exposure.

A major challenge for global institutions is migrating master keys from third-party hardware security modules (HSMs). The Fortanix-Versasec collaboration addresses this challenge with a solution that allows for the calculation and transfer of all keys diversified from the old HSM master key. This allows for a smooth transition to using Fortanix HSM master keys for future operations.

"Combining Fortanix's capabilities with Versasec's best-in-class credential management is an ideal solution for enterprises looking to secure crypto operations, even in complex use cases," said Anuj Jaiswal, chief product officer at Fortanix. "This collaboration has already delivered significant value to one of the world's largest financial institutions, and together we look forward to helping many more enterprises, especially in regulated and privacy-sensitive industries, derive the same benefits from implementing the joint solution."

"Adding our IAM products on top of Fortanix's robust key management capabilities is a win-win for organizations looking to achieve the highest security standards," said Joakim Thorén, CEO at Versasec. "We're thrilled with this technology partnership, and look forward to continuing joint development efforts to solve customer use cases."

The Fortanix-Versasec collaboration is perfect for heavily regulated industries where data security is paramount, including banking, financial services, government, healthcare, e-commerce/retail, and energy and utilities. It integrates Fortanix with Versasec's vSEC:CMS credential management system to store master keys and diversify admin keys. Key benefits of this partnership include:

• Protection of the master key(s) used in crypto operations, such as deriving credential keys.
• Securely generate, store and manage master keys critical for administrative tasks like diversifying keys.
• Secure keys from unauthorized access or tampering to ensure compliance with stringent security standards and regulations.

For more information on the Fortanix-Versasec partnership, visit https://www.fortanix.com/partners.

BOCA Communications for Fortanix
Fortanix@bocacommunications.com

Gabriela Peralta, Global Communications Coordinator at Versasec
pr@versasec.com