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Prime Factors Recognized in 2022 Gartner® Innovation Insight for Data Security Platforms

July 19, 2022 - Prime Factors, a leader in application-level data protection, has been recognized by Gartner® as a Representative Provider in its Innovation Insight for Data Security Platforms, 2022.

Prime Factors Recognized in 2022 Gartner® Innovation Insight for Data Security Platforms

July 19, 2022

Prime Factors, a leader in application-level data protection, has been recognized by Gartner® as a Representative Provider in its Innovation Insight for Data Security Platforms, 2022.

In the Innovation Insight for Data Security, 2022, Gartner recognized Prime Factors, for its EncryptRIGHT® software, among Representative Providers of Broad-Spectrum Data Security Platforms (DSP), a space that is a top priority for organizations that are moving their data stores and analytics platforms into the cloud. Gartner recommends organizations, “choose DSP products that provide well-integrated, broad-spectrum controls for data stewardship, policies, and late-binding access. Popular late-binding access controls used by DSPs are cryptographic technologies such as tokenization and format-preserving encryption (FPE), dynamic data masking (DDM), and proprietary connectors and agents,” all of which we believe are included in the advanced security measures offered by Prime Factors EncryptRIGHT® software platform.

“So often we see research in the market that dials in on one specific piece of functionality, while not addressing peripheral data protection techniques, so we were very pleased to see this report from Gartner on Data Security Platforms that addresses the benefits of bringing together numerous data protection functionalities across a single platform,” said Justin Teitt, chief operating officer of Prime Factors. “Protecting data, especially at the application level, where data is most at risk, can be exceptionally complex, and far too often, we see enterprises settle for fragmented data protection functionality that takes tremendous effort to integrate, leading to implementations that last months or even years. Our EncryptRIGHT solution, which is among the most advanced DSPs, not only seamlessly delivers all of our data protection functionality at the application level in a single code base, but it also features an elegant architecture that simplifies integration, delivering broad spectrum data-protection in just a few lines of code.”

In this report, Gartner assumes, “by 2027, at least 70{ed423fcc7eb591a877a0387096d2b42a44dc69859f8758fd1900fefbfd710724} of data security platform (DSP) expenditure will go to vendors of DSPs with broad (not specialized) capabilities, up from approximately 10{ed423fcc7eb591a877a0387096d2b42a44dc69859f8758fd1900fefbfd710724} in 2022.” According to Gartner, “organizations will use data security platforms (DSPs) for new data-related projects in the cloud, while continuing to struggle with fragmented legacy data security software for their on-premises data stores. This is because they plan to move most of their data and applications to the cloud in the midterm.”

"We continue to see tremendous demand for broad-spectrum DSP functionality in the cloud, however, we believe that customers should be able to leverage the broad benefits of a data security platform regardless of where they are on their cloud-migration strategy,” said Henry Cheli, president of Prime Factors. “Prime Factors has focused intently on our cloud-readiness during the past several years, including the ability to spin up capacity-on-demand in the cloud, while also ensuring that EncryptRIGHT can continue to deploy on-premises and, especially, in hybrid cloud environments to protect data wherever it is use, moved, or stored.”

To read more about Gartner Innovation Insight for Data Security Platforms, click here for complimentary access to this report.

*Gartner, “Innovation Insight for Data Security, 2022”, Joerg Fritsch, May 20, 2022.

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About Prime Factors
Prime Factors is a global leader in applied data protection software, helping to secure an open and collaborative digital world. Data has never been more plentiful or more valuable, and the protection of sensitive data has never been more complex. With a focus on application-level data protection, software solutions from Prime Factors help to simplify the complexities associated with protecting sensitive information where it is most at risk. For 40 years, Prime Factors has served more than 1,000 customers across six continents in a variety of industries, including 80{ed423fcc7eb591a877a0387096d2b42a44dc69859f8758fd1900fefbfd710724} of the top financial institutions in North America, with cryptographic software solutions for payments, information exchange, and general data protection. Follow us on LinkedIn or Twitter.

About EncryptRIGHT®
Leveraging a Data Security Governance approach, EncryptRIGHT defines and enforces how data is protected, who can access secure data, and what form the data takes when access is granted. In a single code base, EncryptRIGHT combines a variety of different security techniques, including encryption, hashing, digital signing, redaction masking, tokenization, and dynamic data masking, along with role-based access controls, and audit logging and reporting, to robustly define and enforce data privacy. By abstracting data protection policies from application programming, EncryptRIGHT delivers application-native data protection in just a few lines of code – significantly simplifying the enforcement of data protection in a way that drastically reduces implementation times, while enforcing a complete separation of duties between information security and application programming. EncryptRIGHT delivers application-level data protection, simplified.

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