This piece aims to offer a thorough understanding of HSM (Hardware Security Modules) and explain their role in safeguarding sensitive data. Have you ever used a USB device to log in to your Windows PC or Google account? Then, you have experienced a hardware security module (HSM) without knowing it! What is HSM? – A USB device that secures your data! Defining what HSM is in a few words does not justify its importance in your security key strategy. HSM provides cryptographic security with a robust hardware form factor, which is hard to break for cyber attackers. This is why the HSM market size is growing at a CAGR of 16.2% and is set to reach $5.9 billion in revenue by 2033. Several factors contribute to a surge in the market size of HSMs and this article will focus on providing deep insights into all those aspects with benefits, challenges, best practices, and use cases. Table of Contents What is Hardware Security Module? What Different Types of Hardware Security Modules Exist? How Do Hardware Security Modules (HSMs) Work? Key Features and Capabilities of HSMs Critical Use Cases for HSMs Benefits of Using HSMs Challenges and Considerations HSM Best Practices Future […]
