DATA SECURITY

Futurex Announces Support for Google Cloud External Key Manager

Futurex | October 12, 2021

Futurex’s key management technology and Google Cloud EKM give customers more control over encryption keys to maximize data security, privacy, and compliance

BULVERDE, Texas, October 12, 2021 — Futurex, a leader in hardened, enterprise-class data security solutions, today announced support for Google Cloud External Key Manager (EKM), giving customers more control over encryption keys. Google Cloud EKM gives users full separation between their data and encryption keys, enabling users to create, store, and manage their encryption keys in a third-party key management service (KMS) — such as Futurex’s key management servers (KMES). Users can turn to Futurex KMES Series 3, a FIPS 140-2 Level 3-validated key management enterprise server, or Futurex's VirtuCrypt cloud service to handle all cryptographic key lifecycle management to maximize data security, privacy, and compliance.

“We continue to add security and flexibility for Google Cloud users, giving them full control of the location, distribution, and access of their externally-managed keys,” said Bahul Harikumar, Head of Infrastructure Security Partnerships at Google Cloud. “Google Cloud EKM and Futurex give users more security options and more control.”

Futurex’s robust key management platform is globally available and highly scalable, providing a versatile, external key service using fully-validated HSM and cloud technology. In addition to solutions for Google Cloud External Key Manager, Futurex’s KMES Series 3 offers:
  • Cloud key management
  • Data protection
  • Public key infrastructure (PKI)
  • Certificate Authority (CA)
  • Code signing
  • Vaultless tokenization
  • Integration with numerous 3rd-party applications and services

“Google Cloud’s commitment to encryption is evidenced by its support for external key management partners and we are thrilled to support Google Cloud EKM with our FIPS 140-2 Level 3-validated systems,” said Ryan Smith, vice president, global business development, at Futurex. “Futurex’s centralized encryption makes everything easier by fulfilling multiple key management use cases in a single platform.”

Futurex’s Google Cloud EKM can be deployed via Futurex on-premises key management servers, Futurex’s VirtuCrypt Cloud, or an on-premises/cloud hybrid. For more information on Futurex’s support for Google Cloud EKM, visit futurex.com. Google Cloud will be showcasing its Cloud EKM at its Google Cloud Next ‘21 conference, taking place October 12-14, 2021.

About Futurex
For more than 40 years, Futurex has been a trusted provider of hardened, enterprise-class data security solutions. More than 15,000 organizations worldwide, including financial services providers and corporate enterprises, have used Futurex’s innovative hardware security modules, key management servers, and enterprise-class cloud solutions to address their mission-critical systems, data security, and cryptographic needs. This includes the secure encryption, storage, transmission, and certification of sensitive data. For more information, please visit futurex.com.

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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Fordefi Raises $18M Seed Round to Launch Institutional DeFi Wallet and Security Platform

Fordefi | November 09, 2022

Fordefi, a financial technology and software company, today announced an $18 million seed round and the public launch of its institutional MPC wallet built for transacting on decentralized applications (dApps). Led by Lightspeed Venture Partners, the investors of the firm's initial capital raise also include Electric Capital, Alameda Research, Jump Crypto, Castle Island, Pantera Capital, Illuminate Financial, PayPal Alumni Fund, Nima Capital, Digital Currency Group, Defiance Capital and StarkWare. "The Fordefi team is bringing to market a solution that addresses two of the biggest challenges in DeFi today: institutional-grade security and smart contract transparency," said Sam Harrison, Senior Advisor at Lightspeed Venture Partners and Managing Partner at Faction. "We are excited to support an experienced team bringing a powerful solution to market that directly solves pain points that have held institutions back from achieving the full potential of decentralized finance." "Wallet hacks made major headlines this year. Until now, decentralized finance was missing a secure, stable, and seamless way to connect to dApps," said Ken Deeter, Partner at Electric Capital. "Fordefi's single-browser extension paired with a top-notch institutional grade MPC wallet platform will unlock opportunities across DeFi for all crypto-native institutions. We're excited to be part of Fordefi's journey, as an investor, design partner and customer." Introducing the Fordefi Platform Co-founders Josh Schwartz, CEO, Dima Kogan, CTO, and Michael Volfman, Vice President of Research and Development, began developing the Fordefi platform in 2021, an unprecedented year for crypto adoption, as institutions took notice of the explosive growth and massive volumes of digital assets moved into the markets. A boom in the development of new blockchains and decentralized applications created opportunities for investing that institutions could not safely participate in, as available wallets had been designed years before and lacked the technology to securely and confidently connect them. "Decentralized finance is evolving quickly and its complexities require a dynamic solution," said Schwartz. "Legacy wallet providers are unable to meet the needs of institutions that want to access the new opportunities DeFi has created while ensuring their assets are protected. Fordefi has taken a DeFi-first approach and has built a solution engineered for how clients interact with dApps." "DeFi transactions are much more complex than simple asset transfers, and that's the key to DeFi's exciting new opportunities," said Kogan. "Unfortunately, this complexity also brings with it many new security risks. Fordefi enables institutions to interact with DeFi applications with increased operational efficiency and security through in-depth visibility into each transaction and the ability to set the right controls." A first of its kind wallet and security platform, Fordefi enables market participants to easily and securely connect to decentralized applications. Fordefi's platform is the only institutional MPC wallet on the market built for firms transacting on decentralized applications across blockchains. The solution delivers a previously unavailable degree of insight into transactions, translating smart contracts into language that users can understand, simulating every transaction in advance and independently verifying dApp names. Its advanced MPC key management capabilities are built to protect against any single point of failure, and the platform's unique policy management capabilities offer users the ability to create and define their own workflows, proactively protecting themselves from both internal and external vulnerabilities. "Fordefi has been a tremendous addition to our DeFi workflow. We've seen accelerated deployment efficiency across a comprehensive set of on-chain opportunities, alongside enhanced user intuitiveness and without compromising security." Shane Al, Head of Investments at Arc Capital and Fordefi design partner. "The Fordefi platform provides robust solutions for institutions to access thousands of DeFi opportunities with the highest levels of security. The platform is extremely customizable and allows us to manage our own policies and controls, ensuring a balance between flexibility and security - crucial for liquid fund strategies." 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Anglepoint Launches New Public Sector Software Compliance Offering

ANGLEPOINT | December 08, 2022

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Wib | November 08, 2022

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Laminar | November 30, 2022

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