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IDEMIA launches HSM to strengthen cybersecurity portfolio

IDEMIA Secure Transactions has launched the Sphere HSM, marking its entry into the hardware security module (HSM) market and the second phase of its broader cybersecurity strategy. The move comes as organisations increasingly seek robust protection for cryptographic keys and digital transactions amid rapid digitalisation.

With over three decades of presence in India, IDEMIA has supported large-scale payment, identity, and connectivity systems, building local research, manufacturing, and service capabilities. The company aims to leverage these strengths to expand its security offerings in the country, which has seen a surge in digital payments, cloud adoption, and IoT device deployment.

Strengthening Security in a Digital Economy

Hardware security modules are critical for safeguarding sensitive data, managing cryptographic keys, and enabling secure encryption, authentication, digital signatures, and identity protection. IDEMIA’s Sphere HSM is designed to address evolving security challenges, including post-quantum cryptography and regulatory requirements such as the Indian IT Act and cybersecurity guidelines from the Reserve Bank of India for financial institutions.

Unlike traditional HSMs, Sphere HSM uses a distributed architecture with multiple secure elements, reducing single points of failure and allowing scalability from small installations to enterprise-wide deployments. The design also emphasises energy efficiency, lower infrastructure requirements, and simplified maintenance, which can reduce total cost of ownership over time.

Global Standards and Strategic Impact

Pre-configured and engineered in France, Sphere HSM aligns with European security and data protection standards and is suitable for regulated sectors, including defence. IDEMIA plans to leverage existing relationships with financial institutions, mobile operators, and IoT service providers to roll out the solution across India.

The launch reflects IDEMIA’s broader ambition to enhance cybersecurity capabilities and meet growing demand for secure digital infrastructure. Industry estimates place the global HSM market at around US$1.2 billion by 2026, highlighting sustained demand for solutions that enable secure digital transactions, authentication, and encryption.

Philippe Oliva, CEO of IDEMIA Secure Transactions, said the Sphere HSM builds on the company’s experience in secure credentials while addressing emerging cybersecurity needs through a combination of operational efficiency and security assurance.