22 August 2024

Entrust Extends Innovative Cryptographic Key Management Platform to the Cloud With KeyControl as a Service

Written By FinTech Alliance in FinTech

Entrust Extends Innovative Cryptographic Key Management Platform to the Cloud With KeyControl as a Service

Entrust, a global leader in delivering identity-centric security solutions, today unveiled KeyControl as a Service (KCaaS), providing organizations with control of their cryptographic keys while leveraging the benefits of the cloud. 

Existing key management solutions can lack advanced features required to meet evolving compliance mandates and security policy requirements. Moreover, they fail to provide comprehensive contextual information about cryptographic assets, hindering effective management and risk assessment. Entrust KeyControl’s support for geographically distributed vaults enables highly effective management of keys and secrets, while mitigating aggregation risks within a cryptographic ecosystem. This approach enables data protection that aligns with local security policies and helps ensure compliance with regulatory mandates. 

“Traditional key management solutions often fall short in tracking and controlling keys and secrets throughout their life cycles. As enterprises increasingly rely on cryptography to safeguard their applications, workloads, and data, this can lead to compliance and security challenges,” said Bhagwat Swaroop, President Digital Security at Entrust. “When it comes to cloud data security, the ability to create, use, and control encryption keys in the cloud is vital. As such, organizations are increasingly turning to cloud-based, as-a-service solutions to fulfill their cryptographic security requirements either in addition to or as a replacement for traditional on-premises solutions. Entrust KeyControl as a Service is designed specifically to help address the challenges of securing data everywhere − including in the cloud − and managing the keys and compliance in a heterogeneous and interoperable way.” 

The new KCaaS solution helps address these challenges by offering a unified dashboard for complete visibility, traceability, compliance tracking, and an immutable audit trail of keys and secrets that can be conveniently managed through a cloud platform. Its decentralized vault architecture ensures keys remain secure within authorized endpoints, while also supporting a wide range of cryptographic use cases. Additionally, the platform offers decentralized security with centralized visibility across the enterprise cryptographic ecosystem. This means an organization’s cryptographic assets are not confined to a single, central repository.

“Veeam® recognizes how key management systems can enhance security and compliance,” said Stefan Renner, Technical Director of Product Management, Alliances at Veeam, an Entrust partner. “By running key management solutions as a service, such as Entrust KeyControl, in conjunction with Veeam Backup & Replication™ (part of Veeam Data Platform), we anticipate enterprises will leverage more flexibility in deployment of their workloads – enabling greater cyber resiliency and management.”

Key features and benefits of the KCaaS platform include:

  • Key Lifecycle Management: Automates key storage, backup, distribution, rotation, and revocation, simplifying the management of encrypted workloads.
  • Key Inventory: Provides a centralized dashboard for fine-grained control, compliance, and risk tracking, translating complex requirements into actionable insights.
  • Decentralized Vault Architecture: Ensures keys never leave their designated vaults except to authorized endpoints, enhancing security and control.
  • Flexible Use Cases: Supports a wide range of use cases, catering to diverse needs such as Key Management Interoperability Protocol (KMIP), cloud key management options like Bring Your Own Key (BYOK) and Hold Your Own Key (HYOK) deployments, secrets management, privileged account session management, tokenization, and database protection.
  • Compliance Management: Continuous tracking of keys and secrets against compliance standards or best practices.
  • Scalability: Seamlessly scales to support millions of keys and secrets.
  • Risk Scoring: Provides continuous risk assessment and tracking for keys and secrets, ensuring proactive management and mitigation of potential security threats

By combining all the key elements of visibility, compliance, risk measurement, documentation, processes, data sovereignty, decentralization, integration, and third-party support, Entrust KeyControl as a Service can help meet the stringent regulatory challenges faced by today’s enterprises.

KeyControl as a Service is certified to FIPS 140-2 Level 1. For organizations requiring higher levels of assurance, KeyControl as a Service can be seamlessly integrated with aFIPS 140-3andCommon Criteria EAL4+certified Entrust nShield Hardware Security Module (HSM). The HSM provides an additional layer of security protecting the keys managed by KeyControl as a Service. It is also used in the process of generating cryptographic keys, ensuring high-quality entropy from the HSM’s random number generator is used in keys created and managed by KeyControl vaults irrespective of which vault type is deployed.

Web page:Entrust KeyControl

Up Next ...
21 November 2024

Nubank Explores Legal Domicile Shift to the UK Amid Regulatory Changes

The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms

21 November 2024

Machine Learning: Revolutionizing Fraud Detection in Banking

These technologies enable financial institutions to analyze vast amounts of transaction data in real-time, identify suspicious activities, and minimize false positives...

21 November 2024

MeaWallet Partners with Integrated Finance to Enhance Digital Wallet and Secure Card Data Access for Fintechs

The collaboration is set to strengthen digital wallet payments and secure card data access capabilities for fintechs

20 November 2024

Atome Financial Secures $200M Credit Facility to Drive Growth

Atome plans to use the funds to strengthen its technological capabilities and grow its market presence, particularly among underserved, young consumers...

More in FinTech

Nubank Explores Legal Domicile Shift to the UK Amid Regulatory Changes

21 November 2024

The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms

Machine Learning: Revolutionizing Fraud Detection in Banking

21 November 2024

These technologies enable financial institutions to analyze vast amounts of transaction data in real-time, identify suspicious activities, and minimize false positives...

MeaWallet Partners with Integrated Finance to Enhance Digital Wallet and Secure Card Data Access for Fintechs

21 November 2024

The collaboration is set to strengthen digital wallet payments and secure card data access capabilities for fintechs

Atome Financial Secures $200M Credit Facility to Drive Growth

20 November 2024

Atome plans to use the funds to strengthen its technological capabilities and grow its market presence, particularly among underserved, young consumers...

White Papers FinTech

Open Finance in Review: Looking back at 2023

28 November 2023

In this insightful report, OzoneAPI delve into the pivotal developments that have shaped the landsca...

White Papers FinTech

Fintech 2030: The Industry View

02 October 2023

Key findings from the report:Embedded finance is expected to dominate the industry in 10 yearsThere...

White Papers FinTech

Pulse of Fintech H2 2022 report

27 July 2023

UK FinTech investment falls 56% to £14.42bn in 2022After an incredibly strong 2021, with total FinTe...

White Papers FinTech

The Rise and Impact of Fintech in Latin America

29 June 2023

Fintech also provides tools to help manage these risks. Financial authorities and their supervisees...

FinTech Connect 2024 - The Global FinTech Ecosystem . Connected.

FinTech Connect 2024 - The Global FinTech Ecosystem . Connected.

04 December 2024 - 05 December 2024

12:00 AM - 12:00 AM

ExCel London, Western Gateway, Royal Victoria Dock, London, London, E16 1XL

Free
Finnovate Europe

Finnovate Europe

25 February 2025

12:00 AM - 12:00 AM

InterContinental London - The O2, 1 Waterview Drive, London, Greenwich, SE10 0TW

£1,699.00