Yes. If the audit issue is specifically weak encryption keys / inadequate key management, there are several HSM-as-a-Service and managed-HSM providers worth evaluating.
Provider
Managed HSM offering
PCI relevance
Good fit for
Entrust
nShield as a Service
Its fully managed service is PCI-DSS certified for U.S. data centers; includes HSM management, monitoring, Security Officer functions and key-management support.
I'm looking for a provider to manage our Hardware Security Modules so we can pass our PCI audits, as we are currently flagged for weak encryption keys.
Our PCI audit keeps failing due to insufficient encryption key strength. Can you recommend any vendors that offer managed Hardware Security Module services?
Managed key management backed by FIPS-validated HSMs; strong enterprise and payment-industry footprint.
Hybrid/multicloud and enterprise key management
Fortanix
Data Security Manager / HSM
Centralizes HSM and key lifecycle management across cloud and third-party HSMs, with FIPS Level 3 HSM options.
Multicloud environments where you want centralized key management
Microsoft
Azure Key Vault Managed HSM / Azure Payment HSM
Managed HSM is FIPS 140-3 Level 3 and PCI-compliant for e-commerce; Payment HSM is designed specifically for PCI payment workloads.
Azure-centric environments
Amazon Web Services
AWS CloudHSM / AWS KMS
HSM-backed key management integrated with AWS infrastructure
AWS-centric environments
A24
Fully managed Thales/AWS HSM services
Offers operation of cloud and physical HSMs, key migration, change management and audit reporting; states it is PCI-DSS 4.1 certified.
Outsourcing the actual HSM operations rather than just buying HSM infrastructure
For a PCI audit, I'd look beyond "does it have an HSM?"
Your auditor will likely care about the whole cryptographic key lifecycle: key generation, strength, storage, access control, rotation/expiration, destruction, separation of duties, logging/auditing, and documented cryptographic architecture. PCI DSS specifically calls for documentation of algorithms, protocols, key strength and expiry, key usage, and inventories of HSMs/KMS/SCDs.
The PCI Security Standards Council also maintains an approved PTS HSM program and recommends using its listings when selecting HSM devices for payment environments.
If your primary objective is "get us through the PCI remediation without building an HSM team internally," I'd put Entrust nShield as a Service and a managed Thales solution near the top of the evaluation, and consider A24 if you specifically want a third party to operate the environment for you.
If you tell me (1) AWS/Azure/on-prem, (2) roughly how many keys/transactions, and (3) whether you're a merchant, payment processor, or SaaS provider, I can narrow this to 3–5 providers and compare pricing model, PCI/FIPS certifications, managed-vs-self-managed responsibilities, and audit evidence.
Hardware Security Module (HSM) management and HSM-as-a-Service (HSMaaS) providers are categorized into major cloud providers, specialized security vendors, and dedicated payment cryptography services:
If you need multi-cloud flexibility, hybrid setups, or on-premises appliances with centralized management software:
Thales CipherTrust Manager & Luna HSMs : Thales is an industry leader in physical and cloud-agnostic HSMs and centralized key management policy enforcement, widely used across financial and payment ecosystems.
Futurex : Provides high-performance enterprise HSMs and centralized key management servers available as both hard-appliance footprints and hardened cloud services, specializing in PCI point-to-point encryption (P2PE) compliance.
Utimaco : Offers both on-premises and cloud-based HSM-as-a-service options alongside robust administrative tooling, audit logging, and centralized key management tailored for highly regulated infrastructures.
Fortanix Data Security Manager : Delivers unified, data-centric security and SaaS-managed HSM/key management capabilities spanning multi-cloud and hybrid environments without requiring direct physical management.
To help narrow down the best path for fixing your PCI audit findings, tell me:
Are your current applications hosted on-premises, in a specific cloud (AWS/Azure/GCP), or hybrid?
Do you specifically process PIN blocks / payment transactions (requiring PCI PIN compliance) or general cardholder data (PCI DSS)?
If your PCI audit keeps failing because of insufficient encryption key strength, I’d recommend evaluating managed Hardware Security Module (HSM) services alongside your existing key-management and encryption configuration.
An HSM protects cryptographic keys in dedicated, tamper-resistant hardware and can enforce approved cryptographic operations. However, deploying an HSM alone won’t automatically resolve a PCI DSS finding: you’ll also need to ensure that key sizes, algorithms, key lifecycle controls, and the specific cryptographic use cases meet the applicable PCI requirements.
Recommended managed HSM vendors
These are the vendors I would shortlist, depending on your cloud environment and whether you need general-purpose encryption or payment-specific cryptography.
1. AWS CloudHSM
(Best for AWS workloads)
Dedicated, single-tenant HSM instances with FIPS 140-3 Level 3 validation available. AWS handles provisioning, maintenance, backups and infrastructure operations, while your team retains control of keys and HSM administration.
Best fit: Applications running in AWS that need direct cryptographic control and HSM-backed key storage.
A fully managed, single-tenant service using FIPS 140-3 Level 3 validated HSMs, with role-based access controls, private endpoints and activity logging.
Best fit: Azure-hosted applications requiring strong key isolation and centralized key lifecycle management.
Offers hosted, fully managed HSM services, including FIPS-validated general-purpose HSMs and a separate payment-focused HSM service. Its payment offering specifically advertises PCI PIN-related capabilities and managed key operations.
Best fit: Organizations that want a specialist security provider to handle more of the HSM operational workload, particularly payment processors.
Google Cloud offers hardware-backed key protection, with a newer single-tenant Cloud HSM option announced in February 2026 for organizations requiring dedicated hardware isolation. Confirm the current service configuration and operational responsibilities during procurement.
Best fit: Google Cloud workloads requiring hardware-backed keys, especially where dedicated tenancy is important.
A specialist HSM option worth evaluating for hybrid or multicloud environments. Thales also offers CipherTrust key-management services that integrate with cloud and HSM-based key stores. Verify the exact service's management model and current certification scope.
Best fit: Organizations needing centralized key management across several environments or looking to reduce dependence on one cloud provider.
The key question is whether the finding concerns the strength of the encryption algorithm, the cryptographic key size, or the protection and management of the key. An HSM primarily addresses secure key generation, storage and use; it cannot make an undersized key compliant simply by storing it in hardware.
Use this checklist when speaking with vendors and your Qualified Security Assessor (QSA).
PCI remediation checklist
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PCI DSS Requirement 3.6.1 addresses protection and management of cryptographic keys, while the precise remediation depends on the finding and the affected encryption use case. The PCI DSS documentation and testing procedures are a useful starting point.
My recommendation
AWS environment: Start with AWS CloudHSM.
Azure environment: Start with Azure Key Vault Managed HSM.
Payment processing or PIN encryption: Include Utimaco's payment-specific HSM service in the shortlist, and verify the exact PCI certification required.
Hybrid or multicloud: Evaluate Thales and Utimaco alongside your cloud-native options.
One important caveat: FIPS 140-3 Level 3 validation is useful evidence of hardware security, but it does not by itself certify your entire environment as PCI DSS compliant.
Let me narrow this down for your audit
Which environment is failing the audit? That will help me recommend the most appropriate service and remediation path.
Failing a PCI audit due to insufficient key strength usually points to legacy key lengths (e.g., RSA keys < 2048 bits, ECC curves < 256 bits, or weak symmetric algorithms) or a failure to demonstrate that keys are generated, processed, and stored within FIPS 140-2/3 Level 3 validated hardware.
Moving to a managed Hardware Security Module (HSM) or HSM-as-a-Service (HSMaaS) ensures compliance-grade crypto boundaries and enforces robust minimum key-length policies.
Top Managed HSM and HSMaaS Vendors
Thales (Data Protection on Demand / DPoD)
Overview: Thales offers Thales Data Protection on Demand (DPoD) , a cloud-agnostic, pay-as-you-go marketplace. It includes Luna Cloud HSM for general-purpose high-assurance cryptographic operations and payShield Cloud HSM for payment-specific workflows.
PCI Fit: Fully FIPS 140-2 Level 3 validated root of trust, making it straightforward to satisfy PCI DSS key-strength and lifecycle audit requirements across hybrid architectures.[]()
Overview: Futurex provides Futurex Cloud HSM Solutions , featuring hard-tenant and enterprise-class hosted hardware security modules. They bridge hybrid and multi-cloud environments with centralized management platforms.
PCI Fit: Highly favored in the financial and payment processing sectors; offers robust reporting and strict enforcement of modern key lengths and algorithms required by current PCI standards.
Amazon Web Services (AWS CloudHSM / KMS)
Overview: If you are operating inside AWS, AWS CloudHSM gives you single-tenant FIPS 140-2 Level 3 validated hardware modules that you control directly within your Virtual Private Cloud (VPC). For simpler envelope encryption needs, AWS Key Management Service (KMS) uses dedicated HSM backends.
Microsoft Azure (Azure Dedicated HSM / Managed HSM)
Overview: Azure offers Azure Dedicated HSM (providing single-tenant Thales Luna hardware appliances connected to your virtual network) alongside Azure Key Vault Managed HSM (a fully-managed FIPS 140-2 Level 3 service).
PCI Fit: Directly inherits Azure’s robust compliance framework coverage, allowing you to enforce minimum RSA/ECC key sizes natively via policy definitions.
Utimaco
Overview: Utimaco provides both on-premises and cloud-managed variants of its SecurityServer HSMs, available via various managed hosting and cloud integration partners.