The BFSI vertical is always on the lookout for advanced security products and services due to the high security and data protection needs across various ends, such as industry employees, customer assets, offices, branches, and online banking and secure transactions. Therefore, the BFSI vertical holds a significant share of the total enterprise key management market. In today’s digitally interconnected world, BFSI is one of the most omnipresent industries prone to application attacks. Therefore, banking solutions require high-end proactive enterprise key management software and solutions. Additionally, the managing keys used for encrypting sensitive data in this sector are very different and critical.
Enterprise key management solutions are increasingly adopted in the BFSI vertical because organizations in this vertical need to ensure the PCI DSS regulatory compliance. The sector is continuously upgrading its processing and transaction technologies and thereby requires end-to-end security solutions to optimize operations against internal and external threats. In addition to this, the BFSI industry frequently introduces new and improved financial products and services to enhance business operations. This makes the vertical an attractive territory for fraudsters who intend to target sensitive customer information. With facilities such as smart banking, internet banking, and mobile banking, payment data security becomes a priority for organizations in the BFSI vertical. The encryption technology offers financial security, online fund transfer security, and data security by encrypting files, data, and emails. The encryption keys used for the encryption process are created, managed, and deleted with the help of enterprise key management solutions and services. Enterprise key management solutions also offer other additional benefits, such as centralized management, regulatory compliance monitoring, and administration process streamlining.

Enterprise Key Management Software in BFSI

Comparing 25 vendors in Enterprise Key Management Software across 108 criteria.
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Thales-e-Security offers Vormetric data security platform. Thales eSecurity key Management is a combination of varied products such as data security manager, transparent encryption, transparent encryption live data transformation extension, transparent encryption docker extension, a vaultless tokenization with dynamic data masking cloud encryption gateway application encryption key management, key management-as-a-service, security intelligence logs, and protection for Teradata database, which can be deployed individually. Vormetric data security is a highly scalable, efficient data security platform enabling its commercial clientele to address crucial security challenge or compliance requirement. Thales-eSecurity Key Management offers key authority, Vormetric key management, and Vormetric key management-as-a-service for managing enterprise key used to encrypt sensitive data. Thales eSecurity Key Management solution helps to manages keys of integrated vormetric transparent encryption, vormetric application encryption, and third-party encryption solution. Thales’s enterprise key management solution is accomplished with advance features such as simplified key management, reduced downtime, centralized reporting, and supports multitenant operations.
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IBM offers a wide range of products and solutions in security market space. Some of the featured security solutions offered by IBM include security intelligence and analytics, advanced fraud protection, identity and access management, data security and privacy, application security, and infrastructure protection.IBM Security Key Lifecycle Manager platform offers a full range of security capabilities including vulnerability assessment of data, encryption, blocking, alerting, and securing sensitive data to its commercial clients. IBM Security Key Lifecycle Manager offers automated analysis of external and internal risk related to data. The IBM Security solutions develop a holistic secured environment at a low cost with advanced service and easily manageable risks. IBM provides solution for securing data with advanced feature of safeguarding it despite of the location of data. In the enterprise key management market, the company offers IBM security key lifecycle manager formerly known as Tivoli key lifecycle manager. This solution offers centralized, automated process to encrypt data for securing it from attacks. Additionally, it offers secure and robust storage for keys and also helps to maintain lifecycle of IBM and Non-IBM keys by using Key Management Interoperability Protocol (KMIP). IBM key life cycle manager can be seamlessly integrated with the IBM storage, helps to reduce maintenance cost, and offers transparent key management. The solution addresses regulations standards such as PCI-DSS, which supports all the rules related to protection of keys and processes managing those keys.
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Gemalto offers solutions for data encryption and cloud security. It provides a comprehensive portfolio of cloud service providers and enterprises to secure their enterprise and cloud assets.  Gemalto offers SafeNet virtual keySecure to centrally manage the keys used to encrypt data. Safenet has the advanced feature of scaling key management process to a remote location or cloud infrastructure. SafeNet virtual keySecure supports the keys throughout the lifecycle, for instance, secure key generation, storage and backup of keys, key distribution, deactivation, and deletion of the keys. Safenet has made the management operation easy for its customers by automating tasks such as key expiry and key rotation. In September 2016, it has expanded the SafeNet data protection portfolio to protect big data deployments in the cloud, data center, and virtualized environments.
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AWS offers AWS key management services to its clients that enabled its customers to create and control encryption keys. Its fully managed service empowers clients to protect data with this service. AWS KMS offers its customers to create, import, rotate, disable, delete, define usage policies, and audit the use of encryption keys used to secure data. In order to simplify the management of encryption keys used to encrypt data, the KMS is integrated with other AWS services including Amazon Elastic Block Store (Amazon EBS), Amazon Simple Storage Service (Amazon S3), Amazon Redshift, Amazon Elastic Transcoder, Amazon WorkMail, and Amazon Relational Database Service (Amazon RDS). The company offers integration of AWS KMS with AWS CloudTrail to provide key usage logs to streamline the auditing, regulatory, and compliance requirements.
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The company offers Oracle Key Manager, a platform to store, protect, and centrally manage encryption keys. Oracle Key Manager helps to accelerate encryption deployment thereby offering the central management of encryption keys, Oracle wallets, java keystores, and credential files. Oracle Key Manager offers a variety of key features including management of key lifecycle, optimization of Transparent Data Encryption (TDE) master keys, provisions to manage endpoints, disaster recovery management, schedules automatic backup to a remote location, and supports standards compliance. Growing amount of sensitive data has increased the concern of enterprises for security and this has led to the adoption of Oracle Key Vault among enterprises.
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Venafi offers Venafi Trust Protection Platform to secure the business from vulnerabilities affecting data. This platform offers advanced technology to secure keys and certificates from unauthorized access done to steal the data. Venafi Trust Protection Platform helps to secure SSL/TLS, SSH and mobility keys, and certificates. It also offers open APIs and drivers with the help of which it can be easily integrated with any application or network device within any enterprise or over the cloud. This platform is deployed by a number of enterprises as it has advanced feature of supporting regulation standards including PCI-DSS, GLBA, SOX, and HIPAA, by applying secure key management processes, strict separation of duties, and dual control policies. The solution also offers several advantages to clients, such as recovery from security attack, reducing organization risk, streamlining audit process, and automating protection process efficiently across enterprises.
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Box Inc. is a center that provides file sharing and cloud content management services for businesses. They also offer collaborating tools so that the user can determine how the contents are uploaded to servers. They provide one of the best enterprise key management software. Besides, keys are simple to set here and also very cost-effective. A user can have a total liability of control on his/ her content in their cloud. So Box Inc. is a well-acknowledged content management company.
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CA Technologies offers CA encryption manager a comprehensive solution for automating encryption key management processes such as documentation, storage, and distribution. This advanced solution supports multiple vendor mainframes and various distributed environments including Linux, UNIX, Windows, and Solaris. CA encryption manager is an innovative, flexible solution helping to safeguard data and manage the entire lifecycle of the encryption key. This solution helps its customer base to meet all the business needs by incorporating compliances and regulations related to data. Along with this, the company offers support services to its clientele to safeguard the critical data for its business needs. The solution offers various advantages including protection from vulnerabilities attack, cross-platform support, hardware independence, transparency of management process, and reduces management cost.
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WinMagic offers complete centralized management, bit locker management, removable media encryption, mobile device management, self-encrypting drives, key management, file and folder encryption, and pre-boot authentication under its flagship suite known as SecureDocs to its commercial clientele, enabling companies to gain a competitive edge in the market. The company possesses a significant breadth of offerings in the enterprise key management arena, and its key management solution provides enhanced features and functionalities to its commercial customers. WinMagic provides reliable key management solutions with varied features including fulldisk encryption; file and folder encryption; pre-boot network based authentication; PKI/Tokens and database protection; and helping enterprises to monitor and manage infrastructure, including removable devices, portable media, mobile devices, desktop, and laptops.
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WinMagic provides easy-to-use and compliant data security solutions globally. The company’s products and solutions include enterprise key management, comprehensive full disk encryption, file sharing encryption, mobile and removable device encryption, server encryption, endpoint encryption, and more. The company provides an intelligent unit console--SecureDoc--that offers critical management solution for multiple OS (such as Windows, Mac, Linux, and Android) and serves various industries, including healthcare, education, manufacturing, government, retail, legal and financial services. SecureDoc prioritizes cryptography and endpoint security to prevent attackers and unauthorized access.
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Google has a large volume of keys to maintain the security of data, hence these DEK are encrypted using the Key Encryption Key (KEK). For every cloud platform, there exist one or more KEK. This KEKs need high security to keep it safe from the attack of any kind of security breaches, hence for the purpose, it is stored in the Google Cloud Key Management Service (KMS), a repository offering secured management of keys throughout the key lifecycle.
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Holding more than 35 years of legacy in creating innovative technology solutions, Quantum Corporation stands as an undisputed leader in the industry. Quantum Corporation’s Enterprise Key Management technology allows the organization to protect and preserve sensitive information for decades. With Quantum Corporation, organizations can efficiently and securely manage their encrypted data. Also, the storage of cryptographic keys and policies can be carried out effectively throughout the enterprise and critical management lifecycles.

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Egnyte is a privately-held company. It provides an efficient workflow for businesses by introducing secure file sharing, content governance, and infrastructure modernization solutions. Egnyte’s solutions enable the user to share business files securely on-premises and in the cloud with simple management policies and seamless app integration. It makes the data easy to access and provides speed file change synchronization. Accompanied with secured access and control, Egnyte’s solutions also reduce internal threats to data stored in different repositories.
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Virtucrypt is a highly acclaimed organization worldwide. It is a leading provider of Enterprise Key Management services. The Virtucrypt Enterprise Key Management Solutions are highly reliable for managing secure encryption, distribution, storage and certification of critical information. The Virtucrypt provides innovative hardware-based enterprise cloud security solutions. The Virtucrypt EKMS are widely trusted due to their reliable services and security management. Their security technology is ideal for handling large volume keys and ciphered objects.
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CipherCloud is the leading provider of cloud security solutions. The CipherCloud award-winning Enterprise Key Management software provides robust end-to-end data protection. Prior to sending data into the cloud, the CipherCloud platform conducts real-time data encryption using searchable secure encryption. The innovative technology features used in CipherCloud Enterprise Key Management facilitate enhanced security while mitigating risks. The software also provides an insight into the user’s activity in the cloud environment.
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HyTrust is virtualization and multi-cloud security solution provider company. It offers a secure platform among various enterprises, service providers, and government agencies. HyTrust’s security solution includes cloud protection along with automated compliance and user governance privileges, data-at-rest encryption, and key management. The company has a defined cloud security policy framework and critical preventions of data theft, which enables continuous monitoring of user action and prevention of insider threat or breach.
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PKWARE is a software solution company that provides data encryption and data compression software to enterprises operating or associated with financial services, banking, healthcare, and government agencies.

The creator of.ZIP format also introduced a data protection solution known as Smartcrypt, which is a solution to data discovery and encryption key management. Along with serving its data encryption solutions, the company continues to expand its.ZIP file format standard by introducing ZIP Reader–a ZIP file reader, PKZIP–reduces the file size or used to decompress files, and SecureZIP–compress and encrypt files, emails, and attachments.
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DataLocker is an innovative technology organization specializing in providing enterprise security solutions. For providing organizations comprehensive security for data, DataLocker uses military-grade 256-bit encryption method. The organization offers both hardware as well as software-based encryption storage. The DataLocker Enterprise Key Management software are tested and verified to meet high-security compliance standards. Moreover, the DataLocker EKMS solutions enable easy management and deployment of devices on an enterprise network.
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ERUCES is one of the leading organizations that offers data security solutions. ERUCES’s data security products are based on key management, executable encryption, file and data-level encryption, and anonymization. The ERUCES Enterprise Key Management ensures highly crucial secure control for enterprises. This flexible key management product provides centralized management of policies and keys so that the streamlined and efficient management of operations can be carried out.
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Linoma Software is a pioneer in providing trusted encryption solutions for enterprises. Linoma’s clientele includes some of the most acclaimed organizations. Linoma’s robust encryption capabilities have aided organizations in achieving security over the most sensitive data transmissions. The Linoma’s key Management solutions surpass all thresholds of compliance and industry standards. Moreover, Linoma Key Management ensures centralized monitoring and reporting. It can facilitate the secure and quick transmission of files between any geographic locations.
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