June 1, 2022 - Prime Factors, a leader in application-level data protection, has been recognized by Gartner among Sample Vendors in the Hype Cycle for Network Security, 2021.

Prime Factors Recognized in 2021 Gartner® Hype Cycle™ for Network Security

EUGENE, Ore., June 1, 2022 – Prime Factors, a leader in application-level data protection, has been recognized by Gartner among Sample Vendors in the Hype Cycle for Network Security, 2021.

Data within managed networks are at greater risk than ever before. The COVID-19 pandemic pushed enterprise data into the cloud, with multiple points of access and numerous “silos” in which to secure sensitive data. Gartner states, “network infrastructure continues to get complex with cloud acceleration and changing network boundaries. External and internal attacks pose a threat that can lead to data loss, critical downtime and brand damage.”

“We observed in recent years, a seemingly endless stream of network breaches, whether by accident or intent, leading to the exposure of sensitive data. The reality is that protecting networks is complicated, especially as networks migrate from traditional company-operated data center-based infrastructure to distributed, hybrid cloud environments,” said Justin Teitt, chief operating officer of Prime Factors.  “While network-protecting security is critical for the modern enterprise, we believe that modern enterprises must also implement data protection that anticipates network intrusion in order to ensure that sensitive data remains safe.”

In this research, Gartner recommends when enterprise consider their network security strategy that “format-preserving encryption is used to protect data at rest and in use, and when it’s accessed through applications, while maintaining the original data length and format.”  However, Gartner also cautions that “security is frequently not coordinated across all data silos, resulting in alternative clear-text access to sensitive data in other data stores not secured with FPE.”

“Consistently applying and enforcing data protection policies across the various applications and data repositories is of critical importance, but this task can be treacherously complex for many enterprises,” Teitt added, “especially as company expand beyond just encryption and begin to incorporate tokenization, dynamic data masking and the various role-base access controls that support modern data privacy.  Prime Factors has worked hard to help reduce this complexity with product architectures that make it easier to consistently apply data protection policies across all the places data is used, moved, and stored.”

Prime Factors EncryptRIGHT simplifies applying data protection at the application layer by abstracting data security from application programming, while providing a complete separation of duties between information security and application programming. Leveraging a Data Security Governance approach, EncryptRIGHT defines and enforces how data is protected, who can access sensitive data, and what form data takes when access is granted, in order to minimize to exposure of sensitive information across the enterprise, regardless of the network type.

Gartner clients can access the full report here.

*Gartner, “Hype Cycle for Network Security, 2021”, Shilpi Handa, Pete Shoard, July 14, 2021.

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About Prime Factors

Prime Factors is a global leader in applied data protection software, helping to secure an open and collaborative digital world. Data has never been more plentiful or more valuable, and the protection of sensitive data has never been more complex. With a focus on application-level data protection, software solutions from Prime Factors help to simplify the complexities associated with protecting sensitive information where it is most at risk. For 40 years, Prime Factors has served more than 1,000 customers across six continents in a variety of industries, including 80{ed423fcc7eb591a877a0387096d2b42a44dc69859f8758fd1900fefbfd710724} of the top financial institutions in North America, with cryptographic software solutions for payments, information exchange, and general data protection. www.primefactors.com Follow us on LinkedIn or Twitter.