JISA Softech, an Indian Deep Tech startup and
first Indian OEM of HSM, has officially launched Payment Hardware Security
Module (HSM), CryptoBind Payment HSM. This advanced technology is designed to
revolutionize the way financial institutions manage cryptographic operations
and safeguard sensitive payment information and transactions.
The highly anticipated
launch event took place on 30th August 2024 at the Global Fintech Fest, Jio
World Convention Center, Mumbai. Attendees witnessed the unveiling of this
advanced technology, which promises to redefine security standards in the
financial industry.
The CryptoBind Payment HSM brings a unique partitioning capability,
allowing it to be divided into multiple virtual HSMs. Each partition operates
independently, providing financial institutions with the scalability to encrypt
more data and secure a broader range of financial transactions without
deploying multiple HSMs. This advancement simplifies cryptographic operations
and enhances the efficiency of security applications.
Mr. Rumit Shah,
Director of JISA Softech, emphasized the significance of this development:
"In today's rapidly evolving financial landscape, the need for robust and
scalable security solutions is paramount. Our CryptoBind Payment HSM is
designed to meet this demand, offering unparalleled flexibility and security to
our clients. By enabling financial institutions to manage multiple
cryptographic tasks with a single HSM, we are helping them to streamline
operations and reduce costs."
Ms. Isha Oswal, CEO
of JISA Softech, shared her thoughts on the launch: "The introduction of
CryptoBind Payment HSM is a milestone in our commitment to providing top-tier
security solutions. This product not only strengthens our position in the
market but also demonstrates our dedication to innovation and excellence. We
believe that CryptoBind Payment HSM will significantly enhance the security and
efficiency of payment processing for financial institutions globally."
The CryptoBind Payment HSM provides a wide range of features and benefits
including:
- Clustering and High Availability: Ensures uninterrupted
service with clustering across multiple regions, offering robust disaster
recovery capabilities.
- Multi-Mode Operation: Supports both NIST
FIPS 140-3 (Level-3) and PCI PTS HSM compliance on a single device,
providing flexibility for compliance requirements. A non-FIPS mode is also
available for custom applications and algorithms.
- Post-Quantum Readiness: Future-proof your
security with support for emerging post-quantum algorithms in non-FIPS
mode, with plans to integrate them into FIPS mode upon NIST ratification.
- Cost Efficiency: Lower your total cost
of ownership (TCO) by minimizing both capital expenditure (Cap-Ex) and
operational expenditure (Op-Ex) with a single HSM solution for both
general-purpose and payment needs.
- Multi-Tenancy: Support multiple
customers or applications securely with up to 42 isolated partitions,
ensuring cryptographic isolation within each CryptoBind HSM acting as
Single Tenant HSM.
- PCI and GP HSM : Supports PCI and General Purpose HSM
from same hardware from Isolated partitions.
- Platform Software Hosting: Host custom
applications or algorithms within the secure FIPS boundary using flexible
architecture and virtual machines.
- API-First Design: Speed up time to
market with a comprehensive SDK and an API-first approach, simplifying
integration across multi-cloud, hybrid, and OEM environments.
- Performance & Scalability: Handle millions of
cryptographic keys and billions of transactions with superior performance
and scalability.
The launch of the CryptoBind Payment HSM Highlights JISA Softech's
dedication to advancing cybersecurity and data protection solutions. With this
new offering, JISA Softech continues to lead the way in providing innovative
and reliable security solutions for the financial sector.
About JISA Softech:
JISA Softech is a leading provider for comprehensive cybersecurity
solutions and Indian OEM for Hardware Security Modules (HSM), specializing in
Public Key Infrastructure (PKI), Cryptography, Tokenization, Data Encryption
(at rest, in transit, and in use), IoT Security solution as well as Data
Privacy and Protection solution. Our innovative solutions have been adopted by
businesses across India and Middle east to handle mission-critical data
security and data protection needs. JISA Softech assists organizations in
implementing strategies and technologies to ensure data protection and privacy
compliance. This includes complying with regulations such as DPDP Act 2023
India, Personal Data Protection Act UAE, KSA, Singapore, Thailand, Vietnam and
Malaysia, GDPR, CCPA, PCI, HIPAA and more, to mitigate risks associated with data
breaches and unauthorized access.
Website: www.jisasoftech.com
Email: sales@jisasoftech.com