A new suite built into Fortanix Data Security Manager adopts 360-degree platform access and a FIPS 140-2 Level 3 certificate to deliver unprecedented digital security for decentralized finance.
MOUNTAIN VIEW, California, June 2, 2022– (TRADE WIRE) –Fortanix® Inc., the first multi-cloud data security firm and leader in Confidential Computing, today announced the launch of a new suite of Secure Web 3.0 Infrastructure solutions that are integrated into Fortanix Data Security Manager * and designed specifically for blockchain, cryptocurrency and decentralized financial enterprises. The new offering dramatically improves the security of commercial to consumer (B2C) wallets and the integrity of blockchain implementations by harnessing the power of Confidential Computing.
Users of blockchain services are increasingly demanding non-secure wallets to enable the management of their digital assets, which gives them sole safekeeping over the private keys they need to control blockchain transactions. At the same time, proof-of-interest blockchains must protect themselves against “nothing-in-a-stake” attacks that create fraudulent forks in the blockchain. Fortanix’s revolutionary Secure Web 3.0 Infrastructure solutions address both of these hotspots for blockchain operators and blockchain users while supporting compliance with existing and emerging regulatory requirements for digital asset trading. The launch of these new tools provides unparalleled security through their integration within Fortanix Data Security Manager, which protects cryptographic operations through Confidential Computing and up to Federal Information Processing Standard (FIPS) 140-2 Level 3 certificate.
For the first time, blockchain infrastructure can be protected by a single, FIPS-certified solution that deploys Confidential Computing technology to secure the user authentication process, ensure full control of private keys by asset owners and provide high availability and disaster recovery for digital . businesses. Fortanix Data Security Manager now defines the new standard for blockchain and decentralized application security and ensures that Fortanix customers are ready to deliver decentralized services securely in the emerging Web 3.0 era.
“With the growth of decentralized applications that depend on blockchain technology and the transition to Web 3.0 domain information, blockchain services need a convenient way for their users to store digital assets while ensuring that wallet providers cannot steal these digital devices due to misconfiguration. or malicious actors attacking the backend wallet implementation, “said Richard Searle, vice president of Confidential Computing at Fortanix. “Our Secure Web 3.0 Infrastructure solutions are a shining example of how our industry-leading Confidential Computing capabilities can be applied to enhance the experiences of both consumers and businesses when security is of paramount importance. By adopting these new solutions, Fortanix- customers can manage compliance with regulatory requirements and provide increased assurance for their end users. “
“We are seeing the emergence of Web 3.0 creating a paradigm shift in the industry, creating new challenges in securing digital assets, and requiring innovative new solutions from financial institutions utilizing blockchain technology,” said Jason Davidson, Vice President of Engineering at Figure. “We welcome the opportunity to partner with Fortanix by leveraging the new solutions they are presenting to address this market, helping us accelerate the transformation of the $ 2 million financial services industry.”
Two-pronged Protection for Decentralized Finance
Coinciding with the 2022 RSA Conference in San Francisco, the launch of Fortanix Secure Web 3.0 Infrastructure solutions features two separate solutions, each with unique features and benefits for its users: Fortanix Non-guard Hot Wallet and Fortanix Ignite One time signer.
Fortanix Secure Web 3.0 Infrastructure solutions are now available as part of the Fortanix Data Security Manager product, which can be deployed on-premises, in the cloud, or powered by a software-as-a-service (SaaS) model, with up to a certificate of FIPS 140 2 Level 3.
For more information:
Read the blog post “Secure Ignite Apps with Fortanix DSM & TMKMS.”
Fortanix is holding a discussion on the Cybersecurity Thought Guidance Panel on June 8thth, 2022 at 18:30 on the topic “Securing Digital Identity and Assets with Confidential Computing.” Panelists will include Carole House, Director, National Security Council, The White House; Kay Turner, Chief Digital Identity Advisor, FinCEN; Raghu Nambiar, Enterprise VP, AMD; Both Kumar, CEO, Fortanix and Greg Woolf, CEO, Fiverity. The panel will be hosted by Shashi Kiran, CMO, Fortanix at the Foundation Capital offices in San Francisco. Register here.
Fortanix is the first security company, securing data wherever it is. As the industry’s first and largest provider of Confidential Computing solutions, Fortanix is untying data security from infrastructure. Fortanix solutions empower organizations with centralized controls to secure data spread across clouds, applications, SaaS, databases, and data centers. Businesses worldwide, especially in privacy-sensitive industries such as healthcare, fintech, financial services, government and retail, rely on Fortanix for data security and privacy. Fortanix investors include Intel Capital, Foundation Capital, Neotribe Ventures and In-Q-Tel. Fortanix is headquartered in Mountain View, CA. For more information, visit https://fortanix.com/.
See source version at businesswire.com: https://www.businesswire.com/news/home/20220602005113/en/
Sammy Totah, BOCA Communications by Fortanix