NAVER Cloud hosts Korea's first Sovereign Cloud-based HSM Service powered by Thales

Rhea-AI Summary

Thales has partnered with NAVER Cloud to launch Korea's first cloud-based hardware security module (HSM) as-a-service. This new service helps businesses comply with stringent data control and encryption regulations while transitioning to cloud environments. The Luna Network HSM enables independent key management, enhancing security and convenience for customers. NAVER Cloud aims to expand its HSM offering to various sectors globally, responding to increasing data sovereignty demands.

Positive

• Launch of Korea's first cloud-based HSM as-a-service enhances NAVER Cloud's offerings.
• Improves security management by providing independent ownership of encryption keys.
• Supports compliance with international regulations, facilitating business continuity.

Negative

• None.

• NAVER Cloud hosts Korea's first cloud-based hardware security module (HSM) as-a-service to simplify meeting strict demands of major regulatory and industry mandates
• New solution supports easy security management and convenience, providing independent key management and configuration and management services

PARIS LA DÉFENSE--(BUSINESS WIRE)-- Thales today announced it is helping NAVER Cloud launch the first Korean sovereign cloud HSM as-a-service powered by Thales' industry-leading Luna Network Hardware Security Module. The new service helps businesses meet the strict regulatory and industry mandates for control of their data and encryption as they transition from on-premises environments to a cloud or hybrid environments.

©Thales

The new NAVER Cloud HSM-as-a-service allows customers to maintain independent ownership of their encryption keys, thus improving security management, control and convenience. NAVER Cloud performs all the required configuration and management so customers can focus on the services they provide.

"Luna Network HSM is a highly certified and proven solution in the market for over two decades. Through the partnership with NAVER Cloud, Korean customers can leverage Luna Network HSM to enhance their data security by HSM as a service. We are excited to support the security needs of domestic industry through collaboration with more Korean companies, and to help Korean customers to ensure data sovereignty," said Raymond Yeung, Senior Director, Greater China & Korea, Data Protection products at Thales.

Thales' Luna Network HSM enables encryption and decryption functions, fast and powerful performance as well as flexibility across environments including hybrid and multi-cloud. It supports business continuity by complying with various international regulations and standards for cloud environments as well as cryptographic algorithms specific to Korea. The solution has been certified for its versatility and security and is deployed in many public cloud environments.

NAVER Cloud is the first Korean cloud operator to provide cloud-based HSM services. It has built a robust portfolio of security solutions and plans to gradually expand its offer of cloud-based HSM services to financial, public, and private sectors across the globe as well as meeting the needs of its domestic market and the growing demand for data sovereignty.

"We are very pleased to have collaborated with Thales on developing the first cloud-based HSM service in Korea. We were able to develop the service smoothly and provide a service that supports clients to ensure compliance without any upfront expense," said Tak-Kyun Koh, Development Team Leader of NAVER Cloud.

About Thales

Thales (Euronext Paris: HO) is a global leader in advanced technologies, investing in digital and “deep tech” innovations – connectivity, big data, artificial intelligence, cybersecurity and quantum technologies – to build a confident future crucial for the development of our societies. The Group provides its customers – businesses, organizations and governments – in the defense, aeronautics, space, transport, and digital identity and security domains with solutions, services and products that help them fulfil their critical role, consideration for the individual being the driving force behind all decisions.

Thales has 81,000 employees in 68 countries. In 2021, the Group generated sales of €16.2 billion.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20220620005225/en/

PRESS CONTACT

Thales, Media Relations

Security

Marion Bonnet

marion.bonnet@thalesgroup.com

+33607859616

Source: Thales

FAQ

What is the significance of Thales partnering with NAVER Cloud for HSM-as-a-service?

The partnership marks the launch of Korea's first cloud-based HSM-as-a-service, aimed at improving data control and encryption compliance for businesses.

How does the NAVER Cloud HSM-as-a-service enhance security for customers?

It allows customers to maintain independent ownership of their encryption keys, improving overall security management and convenience.

When was the NAVER Cloud HSM-as-a-service announced?

Thales announced the partnership with NAVER Cloud on June 20, 2022.

What are the key features of Thales' Luna Network HSM?

The Luna Network HSM provides fast performance, supports hybrid and multi-cloud environments, and complies with various international regulations.

What plans does NAVER Cloud have for its HSM services?

NAVER Cloud intends to expand its cloud-based HSM services across financial, public, and private sectors globally, addressing the growing demand for data sovereignty.