PRIME FACTORS RECOGNIZED IN THE GARTNER® HYPE CYCLE™ FOR DIGITAL SOVEREIGNTY, 2024

EUGENE, Ore., March 4, 2025 /PRNewswire/ -- Prime Factors, a leader in application-level data protection, has been recognized as a Sample Vendor in the Gartner Hype Cycle for Digital Sovereignty, 2024.

According to Gartner, "Digital sovereignty is the strategic imperative for ensuring autonomy over data, operations and technology infrastructure and aligning with regulatory frameworks within geographic boundaries." The report states that "the privacy landscape is increasingly complex. Gartner estimates that by 2025, 75% of the world's population will have its personal data covered under modern privacy regulations. Even further, we calculate that by then over 80% of organizations worldwide will face modern privacy and data protection requirements."

According to the research note, "Data security as a service (DSaaS) provides data security and protection capabilities as APIs or proxies. Organizations hand over their data to the service provider, which protects, transforms and shares it back to them or with third parties while achieving the required compliance and confidentiality." Gartner goes on to state "DSaaS makes complex, expensive or people-intensive data security controls accessible to mainstream organizations. It enables clients to shorten the deployment times of data security controls, bringing them into a position to minimize the impacts to cloud and DevOps initiatives. DSaaS achieves this by making the required data security controls or data transformations readily available through, for example, cloud-based APIs. Customers can, in theory, start right away, without the need to hire new staff."

"We believe that delivering data security as a service to applications is a game changer when it comes to simplifying security and making protecting data more easily consumable," said Justin Teitt, Chief Operating Officer at Prime Factors. "However, we don't believe that requiring data be handed over to a third-party service providers in order to realize the benefits of security-on-demand makes sense for most organizations, especially large enterprises with complex compliance requirements.  This is why we've spent over two decades developing EncryptRIGHT, to provide a simplified data protection service that doesn't involve the liability data being sent out to a third. Enterprises can quickly and easily deploy the data protection platform in-house on premises or in their own public or private cloud environments, providing centralized control over data protection policies and distributed enforcement of security, wherever applications need data protection."

According to Gartner "Data security platforms (DSPs) combine data discovery, policy definition and policy enforcement across structured data silos. Policy enforcement capabilities include format-preserving encryption (FPE), tokenization and dynamic data masking. These capabilities can be delivered through connectors, agents, proxies and APIs."  Gartner goes on to recommend that enterprises "Choose products that can provide a well-integrated, broad spectrum of controls combining data stewardship, policies and late-binding access controls. Popular late-binding access controls used by DSPs are cryptographic transforms, such as tokenization and FPE, dynamic data masking (DDM), and proprietary connectors and agents."

"We expect that advancements in computing technology and a rapidly evolving threat landscape will continue to compel government and enterprise organizations to rethink their approach to how they optimize their applications to safeguard sensitive data," said Teitt.  "We believe that enterprises should continue to look for solutions that not only deliver a broad spectrum of data protection functionality but also can help simplify the implement and ongoing management of protecting sensitive data wherever it is created, stored, and consumed." 

Gartner clients can access the full report here.

*Gartner, Hype Cycle for Digital Sovereignty, 2024, Miguel Angel Borrega, Rene Buest, Gregor Petri, Bart Willemsen, Nader Henein, July 10, 2024.

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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% of the top financial institutions in North America, with cryptographic software solutions for payments, information exchange, and general data protection. www.primefactors.com Follow us on LinkedIn or X.

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.

SOURCE Prime Factors