Hub Security to provide INX with military-grade cybersecurity for digital assets 

The Israeli company's technology will safeguard the trading platform against novel cyberattacks and threats

Photo: Bigstock

Israeli cyber security company Hub Security announced last week that its Vault HSM solution was chosen to secure digital asset exchange INX Limited's crypto services. It came on the heels of INX Limited's announcement of its initial public offering this week of up to 130 million INX Security Tokens. 

Hub Security is a provider of programmable Hardware Security Module (HSM) and key management solutions for fintech, cloud, and blockchain security. The company utilizes military-grade cybersecurity principles for its Vault HSM and handheld miniHSM devices with US FIPS Approved Cryptographic Algorithm Validation and an architecture that is designed for FIPS140-2 Level 4, the highest protection level currently available on the market, the company said. 

HSMs are cryptographic processors designed to protect highly critical and sensitive keys and assets.  

"We're very excited about working with INX Limited and for the potential it brings to the crypto-sphere. Cryptocurrency is really setting its mark on the financial industry and this partnership is the first of many in helping financial institutions and private investors secure their digital tokens and assets," said Andrey Iaremenko, CTO of Hub Security.

"Each of Hub Security's HSM-Cores is a standalone self-contained secure enclave with complete physical isolation from all other HSM-Cores in the system. This perfect isolation prevents hackers from spreading between partitions of the VaultHSM, eliminating the biggest weakness of the current standard of software-based separation."

Hub Security recently announced it would be the first industry-standard HSM to provide quantum-proof capabilities and MultiCore infrastructure on all its hardware solutions. The new feature release was designed to protect companies against the next generation of cyber threats and attacks –– quantum attacks.

Now coupled with its latest MultiCore HSM performance and quantum-proof capabilities, the company will enable cloud and enterprise industries to safeguard against novel cyberattacks and threats, according to the Israeli company.

"We, at INX, are looking forward to bringing legacy finance into the digital asset space, this is naturally that we are looking at security solutions that provide the highest certification levels under a US standard that makes banks comfortable, Hub Security brings that promise," said Jonathan Azeroual, Vice President of INX Limited.

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