Choosing the right HSM: what to evaluate before you buy

As cybercrime costs rise to $12.2 trillion annually by 2031, hardware security modules (HSMs) are vital for safeguarding cryptographic keys and sensitive data. Choosing the right HSM requires addressing technical, operational, and strategic factors.

This guide offers a framework for evaluating HSMs, covering deployment models, performance needs, and future-readiness. Key topics include:

• Technical aspects like form factors, transaction speeds, high availability, and API compatibility
• Preparing for post-quantum threats and ensuring cryptographic agility
• Integration with systems and compliance with FIPS 140-3

Use this guide to select an HSM that meets current and future security demands.