Janardhan NWhat’s worse than a cyberattack? Thinking you’re not next.
In 2024, the biggest data leak – popularly called the Mother of all breaches hit the internet. Over 26 billion records. Twelve terabytes of exposed data.
Users from LinkedIn, Twitter, Weibo, and even government agencies across the US, Germany, Brazil, and more were exposed.
If you’re part of a financial institution, a healthcare provider, or a government agency, you’re already a favorite target for hackers. And if you handle any kind of sensitive data, you’re next.
If you think you’re safe because you haven’t been hit so far. Then I must tell you – you are not safe, you’re already on the waiting list.
The reality is this: your encryption keys are some of your company’s most valuable assets. And without a Hardware Security Module (HSM), those keys are vulnerable. Weak passwords, missed updates, and forgotten keys are common mistakes that businesses often make.
HSMs are becoming more common, especially in retail and e-commerce. In 2024, that segment of the market is worth $258 million.
And regulators like GDPR aren’t going easy either. In early 2024, Meta got hit with a €1.2 billion fine for handling data the wrong way.
Hence, in 2025, if you still manage encryption without an HSM, you’re not protected.
Mitigata Your Partner for the Best HSM
We get it – picking the right hardware security module is a heavy investment. You shouldn’t have to figure it out on your own.
With so many companies in the market offering reliable HSM solutions, finding the right solution by comparing its features, prices, and specs is a time-consuming task. And we don’t want you to waste money and make the wrong call.
At Mitigata, we are India’s leading full-stack cyber resilience company. We help businesses stay secure across insurance, security, and compliance. We’ve partnered with top hardware security module vendors, including Utimaco, Entrust, Fortanix, and Thales.
What do you get with us?
- End-to-end setup, from planning to installation
- 24/7 expert support
- Custom options based on your business needs
- Simple, fast integration with your existing systems
- Best market pricing
- Free demo before you commit
Serving 500+ Clients Globally Fintech, Health B2B, D2C & B2C
Start with a free demo of Mitigata’s HSM with seamless integration, and full implementation support.
Best Hardware Security Module Companies
These are some of the world-renowned best hardware security module companies offering reliable, scalable, and secure HSM solutions for enterprises.
1 . Utimaco
Utimaco is one of the most recognized hardware security module vendors, known for its CryptoServer HSM series. It offers solutions for payment systems, general data security, and compliance-heavy industries like finance and telecom. They offer HSM in multiple performance classes, which can be deployed on-premises or as-a-service, as per the needs.
Key Features:
- It offers FIPS 140-2 Level 3 and 4 certified models for high-assurance environments
- Provides broad integration support for PKI, blockchain, and IoT applications
- Centralized HSM monitoring and key management with 360° visibility
- Payment HSM available as a cloud service, reducing hardware overhead
2 .Fortanix
Fortanix is among the best hardware security module companies as it provides HSMs with its Data Security Manager (DSM) platform. Their modern unified platform supports both traditional HSM hardware and HSM-as-a-Service by simplifying their cryptographic operations without compromising on security and compliance.
Key Features:
- FIPS 140-2 Level 3 certified HSM appliances and cloud options
- Centralized management for legacy and modern HSMs with standard APIs
- High availability and built-in failover for uninterrupted access
- Supports Intel SGX and advanced data privacy features
From PKI to Payments, We Secure What Matters
3. Entrust
Entrust, one of the best HSM companies, offers nShield HSM family, built for strong protection of cryptographic keys and digital assets. The company offers on-premises appliances as well as cloud-delivered HSM services for added flexibility. Entrust is trusted by governments, banks, and large enterprises for PKI, code signing, and secure transaction needs.
Key Features:
- Tamper-resistant HSMs with FIPS 140-2/3 and Common Criteria certifications
- nShield as a Service allows secure key management without hardware setup
- Supports a wide range of cryptographic algorithms and use cases
- Scalable performance with options for on-demand cryptographic processing
4. OpenText
OpenText is another well-known hardware security module company. While it doesn’t directly build HSMs, it integrates Thales HSMs for protecting encryption keys and sensitive data. Their USP is that they offer strong security to their customers without managing the complexity of standalone HSMs.
Key Features:
- AES keys are generated and stored securely within HSM hardware
- Tamper-proof key storage integrated into OpenText’s cloud systems
- Multi-tenant security controls with dedicated customer keys
- Seamless integration with Thales KeySecure for lifecycle management
5. Thales
Thales is one of the best hardware security module vendors in the world, offering a comprehensive suite of HSM solutions through its Luna and payShield product lines. These are used across finance, telecom, cloud services, and government sectors for high-trust key storage and cryptographic processing.
Key Features:
- Wide range of certified HSMs including FIPS 140-2 Level 3 and PCI-compliant options
- Supports encryption, digital signing, key generation, and authentication
- Easy integration with major cloud providers and security platforms
- Centralized key and policy management through Thales CipherTrust Manager
Your Keys. Your Control. Our Protection.
| Company | HSM Solution | Deployment Options |
|---|---|---|
| Utimaco | CryptoServer Series | On-premise, Cloud |
| Fortanix | Data Security Manager | Appliance, HSM-as-a-Service |
| Entrust | nShield | On-premise, Cloud |
| OpenText | Thales-integrated | Cloud (via Thales) |
| Thales | Luna & payShield | On-premise, Cloud |
Conclusion
We have listed our recommended top HSM providers like Utimaco, Fortanix, Entrust, OpenText, and Thales.
Still confused who to pick? Let Mitiagata help you.
We’ll help you by cutting through the noise, matching the right solution to your needs, and providing hassle-free end-to-end implementation.
Book your free demo with Mitigata today.
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