Retail and Financial Service Institutions Can Leverage Luna EFT HSMs to Ensure Security and Compliance during Payment Card Transactions
SafeNet, Inc., a global leader in data protection, have announced that its Luna EFT Hardware Security Module (HSM) has achieved PCI HSM compliance. SafeNet received this certification in advance of the compliance mandate being issued by the Payment Card Industry Security Standards Council (PCI SSC), which requires all financial and retail organizations to meet Level 1-12 certification standards set by the PCI.
Luna EFT is a high-performance, tamper-resistant solution that protects cryptographic keys and other sensitive information, such as customer PINs and cardholder data. By achieving PCI compliance, SafeNet’s Luna EFT HSMs can not only assist them in meeting the basic compliance requirements but also leverage the technology to secure other key assets of their business.
The SafeNet Luna EFT HSM has received PCI HSM compliance certification from the Payment Card Industry Security Standards Council (PCI SSC). Luna EFT has also achieved FIPS 140-2 Level 3 certification.
SafeNet is a pioneer in HSM technology, and has been delivering secure HSMs to the market since 1994 and has over 25 years experience in securing Electronic Funds Transfer (EFT) payment systems.
The PCI SSC is the governing body established by the major card companies (American Express, Discover, JCB, MasterCard, and Visa) to improve the protection of cardholder information across the global payments network and at merchant facilities.
“PCI compliance is the most prescriptive security regulation currently being enforced, but even it doesn’t go far enough – yet. We applaud the PCI SSC for its progressive stance on payment industry regulations and call on them to quickly enact the regulation requiring the use of PCI-compliant HSMs immediately. This is the most secure way to protect data, and the technology is available and certified compliant today.”
“For years, both financial service and retail companies have been at the forefront of security, largely due to the compliance mandates by organizations such as PCI SSC. SafeNet’s Luna EFT HSMs have been trusted by the world’s largest financial services companies due to their scalability, flexibility, and proven track record of securing high-volume transactions across complex global environments. Achieving this next level of certification underscores SafeNet’s philosophy that simple compliance in today’s environment is no longer sufficient. Our data protection portfolio helps companies achieve and go beyond compliance, and attach layers of security to what matters the most—the data—whether it is in a physical, virtual, or cloud environment.” --Tsion Gonen, chief strategy and marketing officer at SafeNet.
SafeNet’s Luna EFT is an advanced, user-friendly, and secure HSM. The network-attached HSM offers secure PIN and card processing, message authentication, comprehensive key management, and general-purpose cryptographic processing. With a highly intuitive interface, flexible key management (including support for HSM-stored and host-stored keys, or a mix of both), and in-field upgradability, Luna EFT provides deployment flexibility at a lower total cost of ownership, and with ease-of-upgrade migration.