Ecrypt Technologies, Inc. (ECRY) Offers Integrated E-mail and Encryption Server Solution to Combat Cyber Attacks

When tens of millions of Target customers realized the information on their credit cards was compromised last holiday season, they were unaware it began with a malware-laced e-mail phishing attack sent to employees at Fazio Mechanical Services, Inc., an HVAC firm that was contracted for electronic billing, contract submission, and project management with the nationwide retailer.

As reported in The Wall Street Journal, institutions in the financial sector in the case of the Target breach have spent to date more than $200 million to calm consumer concern while spending $172 million alone just to replace cards that have been compromised. Post breach costs to rectify resulting, adverse issues associated with it have been termed, “staggering.”

The Ponemon Institute reports on average, data breaches and resulting fines and litigation costs businesses in the U.S. $534 million annually, the highest worldwide. The direct monetary costs in addition to the dramatic expenses of violated consumer relations and potential non-compliance with payment card industry security standards can cripple an organization of any size.

Following the holiday shopping Target attack, Forbes Magazine published a story asking three pertinent questions to information technology (IT) security organizations: “Did Fazio Mechanical really need electronic connectivity to Target’s networks? “Did Target investigate and test Fazio’s security before connecting them to the network (and vice versa)?” “How did an attacker get from the part of Target’s network that Fazio was connected to over to Target’s payment network and not get noticed?” In summary, all questioning circles back to one overarching question, that being, “How do you prevent a security breach?”

Ecrypt Technologies, a publicly traded emerging provider of data security solutions, is focused on solutions to address information security challenges of today. Through deployment of its integrated e-mail and encryption server, Ecrypt helps companies of all sizes to communicate and collaborate in environments similar to Target’s without the risk of liability, reputation damage, competitive threat, security breach, or other adverse outcomes.

From security consulting to full implementation, Ecrypt specializes in five market verticals: healthcare, government, law enforcement, legal, and financial services. In these sectors, Ecrypt removes human vulnerabilities to optimize enterprise security by guarding against data leaks, device theft, and e-mail-originated threats. Further, it provides granular role-based access controls for system administrators and secures communications with vendors and clients.

Security breaches like Target’s represent one of many cyber-attacks directed at global organizations every single day. Despite heightened action by law enforcement and security firms to mitigate the attacks the FBI in January 2014 warned that intrusions into point-of-sale (POS) systems are on the rise.

By using Ecrypt’s technology, companies relieve the need for separate encryption servers with their associated administration costs and vulnerabilities, demonstrating that the success of cyber-attacks doesn’t necessarily have to rise in proportion to increasing numbers of actual attacks.

For more information visit www.ecryptinc.com

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