In the last decade, cybersecurity has become a prevalent problem in the fuel retail industry, with complex challenges arising regarding the confidentiality and integrity of data (such as PIN). The impact on the oil company may be significant when dealing with cybersecurity issue, ranging from financial to reputational impact. The evolution of EV infrastructure and technology to online processing will not be any different.
It is important to look at a security solution that complies with a security standard for processing transactions such as FIPS 140 (Federal Information Processing Standard), which is the benchmark for validating the effectiveness of cryptographic hardware. Let’s have a closer look at a Hardware Security Module secured solution that guarantees confidentiality and integrity.
Highest security level for transactions
An HSM (Hardware Security Module) guarantees the highest security level for transactions. It provides a secure, efficient and performant environment for generating strong cryptographic keys and performing cryptographic operations, including encryption, decryption, signing and verification. Sensitive data is encrypted the moment it is captured, in a point-of-sale (POS) device at a retail store, for example, and remains encrypted between systems and security domains.
An individual or application that needs access to encrypted data must possess the correct secret code, called a key. Secure processes and key ceremonies are required to ensure confidentiality and integrity of the data. Human errors must be mitigated and therefore formal and secure procedures must be strictly followed by the security officers when importing keys.
Pioneering role in the field of data protection
ICASA attaches great importance to data security. The objective of the security management of every organization is to ensure the Confidentiality, Integrity and Availability of information.
Need help in setting up the highest security level for your fuel and EV transactions?
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Source: The nCipher Security World architecture. Optimizing security and operational efficiency in nShield HSM environments.
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