Prime Factors Recognized in the Gartner® Hype Cycle® for Data Security, 2023
Summary
The report predicts, "Because quantum computing poses an increasing threat to existing cryptography, Gartner expects crypto-agility to be a significant differentiator for technology vendors." "For nearly 30 years, Prime Factors sold SDKs that delivered robust encryption but left key management up to our customers," said Teitt. "But this changed with the launch of EncryptRIGHT, which natively provides the functionality of a robust enterprise key manager for all of the data we secure. For 40 years, Prime Factors has served more than 1,000 customers across six continents in a variety of industries, including 80% of the top financial institutions in North America, with cryptographic software solutions for payments, information exchange, and general data protection. In a single code base, EncryptRIGHT combines a variety of different security techniques, including encryption, hashing, digital signing, redaction masking, tokenization, and dynamic data masking, along with role-based access controls, and audit logging and reporting, to robustly define and enforce data privacy.
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