Friday, April 11, 2014

Ecrypt Technologies, Inc. (ECRY) Clearly Ahead of the Game in Data Security with Military-Strength Email Platform, Ecrypt One

With the Heartbleed Bug, SSL/TLS vulnerabilities now being fully exposed in the media and the fundamental flaws of the widely-used OpenSSL crypto library becoming apparent, people are racing to change all their email logins and site passwords, despite the fact that those passwords must eventually be changed again anyways in several cases as Fixed OpenSSL has not yet been deployed by all service providers.

Even without the existence of such massive flaws in underlying backbone technologies, you still have data breaches like the recent breach at Target, which compromised the credit card info of tens of millions of shoppers, giving Target a serious black eye with consumers, shattering their Q4 2013 profits (off by 46%), and potentially costing them as much as $1B or more according to one industry analyst. Target is burning cash trying to patch the problem with a $100M chip-based card technology that would roll out across all their stores by 2015, but with more fundamental concerns like Heartbleed cropping up, it raises questions about the overall security landscape, especially since a majority of the basic account interactions occur online through email or a company’s website.

At any rate, it seems that the time for a truly robust, platform-agnostic solution to emerge has come and ECRY is ready to answer the call with their Ecrypt One secure email system, which not only provides users with an “always on” encryption shield against data leaks, device theft, and email-borne threats, but also comprehensively addresses the most gaping security hole left in the space today, the human user. Moreover, the Ecrypt One platform provides a secure collaboration environment for talking to external parties without any additional software requirements. An environment where a sophisticated array of security layering techniques exist, including heavily granulated role-based access controls that limit administrator resource usage to a project-specific envelope and server rule-enforced security policies. Multi-factor authentication for all user types further regiments access control and covers the external parties, including the customers, partners, and even the vendors, making Ecrypt One a full-spectrum dominance solution for warding off data security attacks/breaches.

As of April 11, DHS officials are warning banks, infrastructure operators, and other organizations to be on the lookout for hackers attempting to exploit the Heartbleed vulnerabilities, as well as to report any Heartbleed-related attacks. According to director of the DHS National Cybersecurity and Communications Integration Center, Larry Zelvin, DHS is working in cooperation with federal, state and local governments to uncover and mitigate potential impacts, warning that while no serious incidents have yet cropped up, malicious actors in cyberspace could leverage these vulnerabilities to exploit unpatched systems.

Considering the eventual development of precisely these kinds of situations (Target breach, Heartbleed, etc.) was a big part of what led Brad Lever to establish ECRY back in 2007, secure in the knowledge that ease of use was a major factor when it comes to implementing a truly robust security package that can help eliminate more of the human causes of a security breach. The company has wasted no time either in assembling an impressive board of well-connected directors to enhance the long-term growth possibilities for their technology, including Navy Rear Admiral and former DHS Under Secretary for Science & Technology, Jay M. Cohen, who is also a principal in the Chertoff Group, former DHS Secretary Michael Chertoff’s outfit and one of the top high-level strategic thinking shops in the game today. Also on the ECRY Board is 20-year Republican Representative in Congress and former Vice Chairman of both the Armed Services and Homeland Security Committees, Curt Weldon. Another highly influential guy who, having worked in Congress, understands only all too well how vital easy to use data security solutions are, especially when it comes to eliminating human-driven data breaches.

The company also provides broader security outreach in the form of direct security consulting services, as well as security talks and insight sharing, helping clients not only realize levels of relative invulnerability when it comes to organizing their information systems’ security, but also overcoming the often daunting associated compliance challenges. It makes good sense to keep up the pace building a talented team of connected professionals as the true market for paradigm-shifting products like Ecrypt One become more apparent and so ECRY grabbed software development and product management veteran, Ian Treleaven at the start of 2014. Treleaven brings an impressive track record with him to ECRY, including his tenure as Technical Lead at Microsoft and he clearly has a striking passion for all things related to information security and crypto. That passion will serve ECRY shareholders well as he takes the company’s first Advisory Board member position.

Rather than rehashing old technologies and solutions, ECRY is evolving new solutions based around military-strength email and encryption systems.

Get a closer look at ECRY by visiting www.ecryptinc.com

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