Friday, October 3, 2014

Ecrypt Technologies Inc. (ECRY): Achieving Information Integrity in an Era of Large Scale Data Breaches

Large scale data breaches appear to be the new normal as just recently, JP Morgan Chase announced that their information infrastructure was hacked. Investigation by the bank and the FBI has indicated that 76 million households were affected by the cyber security attack, approximately two-thirds of all American households. The largest U.S. bank by assets said the unknown attackers stole customers’ contact information, which is including names, email addresses, phone numbers and addresses. This is following a trend in which similar large scale data breaches occurred at Home Depot and Target in which practically hundreds of millions of credit and debit card information was stolen.

Emails have also proven to be a highly insecure way to communicate, but this is in great part due to the fact that email was never meant to be a secure way for people to communicate with each other. Email technology was developed in the early days of the Internet as a means to standardize simple store and forward messaging between people who were using different types of computers. Initially, everything was readable by anyone that could watch network traffic or access accounts. It turns out, the best way to protect communications is to encrypt them, i.e., scrambling the email data with complex mathematical transformations so it’s only intelligible once you provide the correct password or other credentials to have them unscrambled.

Good security however, goes well beyond just protecting the privacy of the contents of emails. Emails have been a common way to introduce malware. This malicious software may attempt to disrupt a computer operation or gather sensitive information. Various anti-malware and anti-viral software programs have been developed to prevent this. Spam filters have been developed to block out bulk emails which may also contain such computer viruses. Phishing is an attempt to gain sensitive information such as usernames and passwords, by using electronic communications that masquerades as if they are coming from a trustworthy entity. To block that anti-phishing software has been developed, as well as various types of firewalls.

Ecrypt Technologies, Inc. has developed an enterprise-wide email solution that covers communication by wireless devices which provides military-grade standard encryption. Their flagship product, Ecrypt One, encrypts all emails and attachments, while removing the need for separate security programs such as having additional anti-viral, anti-malware, anti-phishing, or spam filter programs. Ecrypt One provides a unified solution with a centralized interface that offers persistent encryption and secure archiving of all electronic communication along with a dedicated compliance officer console and the capability to produce detailed audit reports. The program allows users to engage their email and use their contacts, calendars, and mobile devices, thus insuring ongoing productivity. As encryption is on all the time, the chances of human error unleashing an unprotected email are virtually eliminated. Ecrypt One extends security policies to outside the using organization to its partners, suppliers, and clients for total information integrity.

In 76% of all data breach cases, the primary causes were human factors such as error, negligence, or human attack. Ecrypt Technologies has the technology that guarantees businesses and government agencies can contend with all three.

For more information, visit www.ecryptinc.com

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.

Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net

The Quality Stocks Daily Blog http://blog.qualitystocks.net

The Quality Stocks Daily Videos http://videocharts.qualitystocks.net

The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net


Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net

No comments: