The Swiss banking infrastructure requires the highest security levels and needs to adapt to ever-changing security threats. At the core of this IT security architecture sits the Hardware Security Module (HSM), which acts as digital vault. The HSMs generate and manage encryption keys and certificates, applying them to encrypt and sign financial transactions. The Swiss company Securosys was chosen as the HSM supplier for the renewal of the IT infrastructure of the Swiss banking system.
Securosys’ first customer is SIX Interbank Clearing (SIX), which operates the payment system SIC on behalf of and under the supervision of the Swiss National Bank. The system processes Swiss franc payments between financial institutions in real time on a gross settlement basis of around 100 Billion Swiss francs (approximately 100B €/USD) per day. Several aspects were critical for SIX when choosing the HSM for their new system, which will go into service in 2016. The Primus HSM from Securosys surpasses the stringent security requirements and delivers very high performance at highest quality standards. In addition, the fact that all development and manufacturing is done in Switzerland was a decisive aspect.
Robert Rogenmoser, the CEO of Securosys, confirms: “We are very pleased that the Primus HSM was chosen to protect the SIC system, one of the most critical infrastructures of Switzerland. Due to its advanced security architecture, the Securosys Primus HSM has no backdoors and outclasses existing systems.”
Several prototypes of the Primus HSM are already in operation. The product release and the start of shipments to customers are set for December this year.
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