August 27, 2024 - Prime Factors, a leader in application-level data protection, has been recognized as a Sample Vendor in the Gartner Hype Cycle for Data Security, 2024.

According to Gartner, “A DSP [Data Security Platform] reduces integration cost, manual work and friction by connecting previously disparate data authorization rules, security controls and capabilities, and improving data utility.” Gartner goes on to recommend that enterprises, “Choose products that can provide a well-integrated, broad spectrum of controls combining data stewardship, policies and late-binding access controls. Popular late-binding access controls used by DSPs are cryptographic transforms, such as tokenization and FPE [Format-Preserving Encryption], dynamic data masking (DDM), and proprietary connectors and agents.”

“We continue to see solutions on the market that cobble together independent products and market them as a data security platform,” said Justin Teitt, COO of Prime Factors. “However, we believe a more well-integrated approach is when a broad spectrum of data security functionality can be delivered in a single code base. We are convinced that the seamless orchestration of data security, especially with architectures that simplify complexity and enable crypto-agility, is instrumental in helping to tackle the challenges that lay ahead for modern enterprises.”

Gartner research explains that “Crypto-agility is the capability to transparently swap out encryption algorithms and related artifacts in an application, replacing them with newer, different and, presumably, safer algorithms.”

“We are confident that protecting data at the application layer, before it is used, moved, or stored, is the highest level of data security, but it also presents some of the most complex challenges, especially when things change,” said Teitt. “We believe that one of the best ways for enterprises to keep up with the constant changes in regulations, technologies, computing, and data protection requirements is to deploy architectures that centralize control over how data is protected and revealed and allow changes to be made to every aspect (algorithms, keys, controls, techniques, masks, etc.) of how data is secured, without needing to re-architect or re-integrate applications. This concept of crypto-agility, or what our team at Prime Factors often refers to as ‘data protection agility,’ has been our central focus in the development of EncryptRIGHT.”

Gartner clients can access the full report here.

*Gartner, Hype Cycle for Data Security, 2024, Andrew Bales, July 29, 2024.

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