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Data Protection Control with Security Providers not Organizations

Author: Sathvik Krishnamurthy
President and CEO of Voltage
Data Protection Control with Security Providers not Organizations  -By-Sathvik Krishnamurthy
Sophisticated data breaches have made consumers more data security savvy as they contend with a barrage of hackers who have switched from stealing laptops to creating and distributing malware. Over 340 million records have been breached in the last 4 years according to the Privacy Rights Clearinghouse. This disturbing trend of data breaches has paved the way for strict cyber-security legislation across more than 42 U.S. States making data security a priority for both public and private organizations.

The challenges of security and data privacy will lead to an era, where even a single critical data element, whether it’s employee or customer data, will not be available in the clear inside an organization. Instead information will be encrypted in such a way that it is always protected no matter where it goes. This renders encrypted information useless to cyber-criminals as they will not be able to use it to perpetrate fraud. The ability to decrypt information via decryption keys will only be available through security providers. This level of data protection requires highly scalable encryption technologies not possible with traditional encryption solutions today.

There are always opportunities in Silicon Valley for entrepreneurs. There is a great labor pool today, and while venture capitalists have tight purse strings they always have capital ready for good ideas – especially for disruptive technology. Right now, the biggest opportunity lies in the compliance arena, which is a billion dollar sector with about a third of the spending within compliance focused on security products. With organizations recognizing the need to reduce risks associated with data breaches and brand reputation damage as well as lowering overall costs for protection of data, security is a great opportunity for new and existing solution providers.
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Reader's comments(2)
1: From: Mrs. Mary David

This mail may be a surprise to you because you did not give me the permission to do so and neither do you know me but before I tell you about myself I want you to please forgive me for sending this mail without your permission. I am writing this letter in confidence believing that if it is the will of God for you to help me and my family, God almighty will bless and reward you abundantly. I need an honest and trust worthy person like you to entrust this huge transfer project unto.

My name is Mrs. Mary David, The Branch Manager of a Financial Institution. I am a Ghanaian married with 3 kids. I am writing to solicit your assistance in the transfer of US$7,500,000.00 Dollars. This fund is the excess of what my branch in which I am the manager made as profit last year (i.e. 2010 financial year). I have already submitted an annual report for that year to my head office in Accra-Ghana as I have watched with keen interest as they will never know of this excess. I have since, placed this amount of US$7,500,000.00 Dollars on an Escrow Coded account without a beneficiary (Anonymous) to avoid trace.

As an officer of the bank, I cannot be directly connected to this money thus I am impelled to request for your assistance to receive this money into your bank account on my behalf. I agree that 40% of this money will be for you as a foreign partner, in respect to the provision of a foreign account, and 60% would be for me. I do need to stress that there are practically no risk involved in this. It's going to be a bank-to-bank transfer. All I need from you is to stand as the original depositor of this fund so that the fund can be transferred to your account.

If you accept this offer, I will appreciate your timely response to me. This is why and only reason why I contacted you, I am willing to go into partnership investment with you owing to your wealth of experience, So please if you are interested to assist on this venture kindly contact me back for a brief discussion on how to proceed.

All correspondence must be via my private E-mail (dmary4love1@yahoo.fr) for obvious security reasons.

Best regards,
Mrs. Mary David.
Posted by: mary lovely david - Monday 26th, September 2011
2: Hi my dear,
My name is Mounace, i would like to establish a true relationship with you in one love. please send email to me at (mounace43@yahoo.com) i will reply to you with my picture and tell you more about myself. thanks and remain blessed for me,
Your new friend Mounace
Posted by: mounace love love - Thursday 09th, June 2011
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