Hardware Security Module

What Is a Hardware Security Module (HSM)?

A hardware security module (HSM) is a computing device consisting of either a single or multiple processor chips and is used to secure digital keys, encrypt data and offer enhanced safety during cryptographic authentications. 

HSM hardware can be either general-purpose or transaction/payment or cloud-based. 

• The first category is used in generic data protection applications and cryptocurrency wallets. 
• Transaction/payment HSMs are customized for digital payments, helping to secure PIN technology and electronic funds transfers (ETF)
• Lastly cloud-based HSM platforms and offerings include Microsoft Azure and Google Cloud.