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What is a Hardware Security Module? How are HSMs Beneficial for Business?

A variety of cybercrimes like Malware, Ransomware, and hacking are consistently looming around your businesses. They are waiting for any flickering opportunity to crack into your sensitive data and tamper with them for their selfish benefit. This can put you in a detrimental position where your business may be at stake too. Despite comprehensive security measures taken to prevent such problems, there is still the possibility of data tampering.

“Hardware Security Module” commonly known as HSM Token is a device that is used physically to provide a holistic layer of protection to your sensitive data. It uses the provision of cryptographic keys that may help with authentication, decryption, and even encryption of data on time. As such, the risks of data theft and tampering are efficiently reduced.

These devices can be used in a multitude of ways like in the form of both internal and external components that can be connected to offer paramount security to your personal data. Let us take a detailed overview about these devices.

What is a Hardware Security Module?

Hardware Security Module (HSM) is a physical asset that promises to act as a layer of protection around your sensitive information. It can be used as plugin cards or other external devices that can be attached to your computer directly. Whether you wish to protect your business transactions, communication, or identity of various customers, the power of HSM can make all of it possible.

It is the efficiency of these HSMs that secure private keys and manage their lifecycle. They boast a secure design that caters to the standards set forth by the government. They are also tamper-resistant. So, the possibility of data theft is next to impossible. Apart from this, these devices are available in solitary forms. So, unauthorized access is strictly prohibited.

Today, the use of HSM is spread across a large number of industries. In fact, even applications dealing with digital documents and cryptocurrencies can leverage the use of these hardware tokens with no compromise.

What are the Functions, Features and Components of HSM Device?

1. Data Encryption and Decryption

HSM provides holistic software security by safely storing cryptographic keys. Thus, it can help with the management of digital keys, encryption of data, and even its decryption. The encryption and decryption of data that occurs with the help of this tool render expanded data safety.

Due to its encryption capabilities, it becomes impossible for hackers and other cyber criminals to creep into your site and crack codes. In this process, it can instantly ward off the risks of data tampering.

HSM security follows six major steps. Provisioning, backup and storage, and deployment are the first main steps for HSM operation. Management, archiving, and disposal are also part of the process.

2. Supporting SSL/TLS Authentication

Cryptographic offloading, such as for TLS and SSH are some of the main functions of Hardware Security Module. Since the functionality of these authentic protocols is traversed to another device (HSM), the layer of security is enhanced automatically to enable them support of SSL functionality as well.

3. Secure Key Storage and Management

We already know that HSM security not only creates but also stores and manages cryptographic keys. These network-connected devices may protect and manage the digital keys all throughout their lifecycle. Also, all the major Certificate Authorities like Comodo etc. use HSM token devices for issuing an EV Code Signing Certificate whereby the Private Keys and Certificate details are stored in the HSM device which are then shipped to the user on their registered address. Thus, HSMs are the one-stop solution for the management, security, and storage of your cryptographic keys from their inception to their destruction.

How Does HSM Benefit Your Business?

1. Improved Security

With this hardware token, protecting sensitive data from unauthorized access gets easier than ever. Since HSM is a solitary device, it is not possible for any third-party penetrator to crack into the security system and retrieve sensitive information. In this process, HSM may also empower the concept of holistic protection for your system against a diversified range of cyberattacks. This may range from Malware and hacking to even Ransomware.

2. Increased Efficiency

This software security offers comprehensive management of who can access your data and those who cannot. This way, the portal to any type of cyber theft or data tampering is heavily guarded, which prevents maximum problems. Apart from this, it may also help smartly manage the authentication process as it verifies digital signatures too. But that is not all. In order to improve the level of productivity and effectiveness that this software has to offer, it also automates administrative tasks.

3. Regulatory Compliance

The best part about using such security device is that it complies with government protocols and standards for data protection. At diverse levels, it promises to provide the highest level of security that caters to both regulatory and internal compliance helping you stay up to date with the protocols of the government, like standard security audit procedures and also DSS, GDPR, HIPAA and PCI etc. protocols.

Conclusion:

Hardware Security Module (HSM) is gaining popularity in the era of cyber and IT security helping individual and businesses for safe storage of security tools like code signing and other digital security certificates that are capable of providing the highest level of code security for safeguarding software and applications from any malicious tampering or alteration by cyber criminals.

IEMA IEMLabs
IEMA IEMLabshttps://iemlabs.com
IEMLabs is an ISO 27001:2013 and ISO 9001:2015 certified company, we are also a proud member of EC Council, NASSCOM, Data Security Council of India (DSCI), Indian Chamber of Commerce (ICC), U.S. Chamber of Commerce, and Confederation of Indian Industry (CII). The company was established in 2016 with a vision in mind to provide Cyber Security to the digital world and make them Hack Proof. The question is why are we suddenly talking about Cyber Security and all this stuff? With the development of technology, more and more companies are shifting their business to Digital World which is resulting in the increase in Cyber Crimes.
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