Ecrypt Technologies, Inc. (ECRY) Provides Secure Encrypted Adaptation Ahead of Rapidly Evolving Cybercrime Risks

Ecrypt Technologies continues to carve out a sizeable niche in the increasingly hectic cybersecurity space through its easy-to-use, military-strength secure encrypted email platform, Ecrypt One. The company is also securing its foothold through its comprehensive network security consulting services designed to help any size or scale company overhaul their information systems and shield against the substantial losses associated with security breaches and compromised data.

With rapidly evolving cybercrime threats such as the business-targeting Gameover ZeuS and its individual-targeting Cryptolocker malware dropper (which infected more than 1 million computers worldwide and obtained access to some $2 billion in financial accounts), the emphasis for powerful countering solutions is growing by leaps and bounds.

Eyes are now turning to companies like ECRY that are capable of getting the job done in an economic fashion while providing robust end-run solutions for customers who want run their business rather than worry about nebulous and difficult-to-comprehend threats to their critical data (which often accounts for as much as half of an organization’s value).

Gameover ZeuS, in particular, which encrypted user files and then demanded ransom fees and compromised infected system’s sensitive data (including login data and banking information), demonstrates how quickly cybercrime is evolving into a broad-spectrum affair that demands equally rigorous countermeasures.

A report out in early June of this year (PDF) from cybersecurity experts McAfee Research and the Center for Strategic and International Studies detailed the impact of an almost $500 billion per year in economic losses that occur globally due to cybercrime. ECRY director and former VP/director of McAfee Research, Dr. Erik Mettala, intimately understands the cybersecurity playing field, having worked on host-based and network-based intrusion prevention, as well as R&D business development and lab efforts at McAfee.

ECRY’s other notable directors also speak volumes about the level of technical proficiency and frontline experience the company possesses in dealing with emerging cybersecurity threats.

The company’s roster includes former Armed Services Committee and Homeland Security Committee vice chairman, Republican Rep. Curt Weldon, as well as retired U.S. Navy Rear Admiral and former Under Secretary of Homeland Security for Science and Technology, the Honorable Jay Cohen. Throw in the recently created advisory board appointment of enterprise-class software genius and former Microsoft engineer and technical lead Ian Treleaven and you get the portrait of a streamlined little tech shop with both the muscle and the industry-pull to move mountains for cybersecurity.

The increasingly pervasive nature of cybersecurity threats, which extend far beyond compromised critical data, hacked email and identity theft, present a growing concern due to their capacity to capsize entire companies with crippling losses. This cold, hard fact spotlights the need for companies to beef up their network security.

The 2013 breach at Target destroyed consumer confidence and helped generate a 46% drop in the retailer’s Q4 profit compared to the prior year. Approximately 40 million debit/credit cards were compromised and more than 70 million personal records were stolen in the breach, resulting in immediate losses to the tune of around $200 million and another $100 million in eventual upgrade costs to address the security problem(s).

An Ounce of Prevention is Worth a Pound of Cure

Most telling of all is that simply upgrading to Chip-and-PIN-enabled terminals that lack robust end-to-end data encryption still allows card numbers and expiration dates to be lifted, as was the case with Target. This sad state of affairs exists today, with multiple security gaps across every industry.

It is hard to believe a retailer the size of Target lacked a good chief security officer to proactively handle this issue and makes a profound case for ECRY’s security consulting services, which offer a complete review of existing security, the identification of such technical gaps, as well as recommendations, security planning, and personnel training to go along with such a thorough inspection. As hard as it may be to believe, some of the largest companies on the planet simply lack the capacity or wherewithal to adequately address the rapidly evolving cybersecurity envelope.

This harsh reality is why an easy-to-use, military-grade encrypted email platform like Ecrypt One is so important. Whether it’s the healthcare and financial services sectors or law enforcement, legal, and government/military sectors, the demand for a robust email data security solution that covers all the bases is growing steadily each year.

Ecrypt One brings a wide variety of key features to the table, which helps differentiate it from competitors – from granular role-based access controls and multi-factor authentication protocoling, to simplified regulatory compliance via a dedicated Compliance Officer console (with full audit and on-demand reporting capabilities), Ecrypt One was designed from the outset to combine low technical overhead for end users with extremely powerful security features. Moreover, the technology utilizes “always on” encryption and automatically performs capture/reporting of any attempts to circumvent server security rules, yet has still been designed to mesh seamlessly with other technologies, creating a secure collaboration environment that is still highly functional.

For more information visit: www.EcryptInc.com

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