CAMBRIDGE, U.K. -- Security solutions specialist, Cryptomathic, has launched a practical Key Management System that enables organisations to comprehensively manage the lifecycle of cryptographic keys using a standardised, central approach.
Designed to address the increasingly complex key management regulations of the financial sector, the Cryptomathic Key Management System (CKMS) offers an immediate return on investment by removing the need to have key custodians present to manually install and regularly manage the lifecycle of keys on devices. This important advancement enables instructions to be issued individually to key custodians and security managers, allowing them to control their keys independently online, working from their own desks, seamlessly and securely pushing keys into the correct position.
The uncomplicated process reduces human error while enabling keys to be updated more frequently without additional costs to a financial institute or its customers. The increased level of activity will strengthen security for banks at ATMs and similar transaction points.
Professor Peter Landrock, Executive Chairman of Cryptomathic, comments: Key Management Systems are often developed by system integrators as an after thought when installing Hardware Security Modules, and we wanted to challenge this approach. Although key management is a discipline which requires strict user administration and enforced procedures, our aim was to create a good user experience with tools that manage the complexity, while presenting a simpler process.