Enterprise businesses want to protect proprietary information from hackers or their competitors. Businesses want to ensure that the information is securely delivered only to the intended party. Inadequate or Lightweight encryption and centralized data storage is allowing hackers to steal sensitive information. This results in compromised security, a single point of failure and a data breach. Impact is large costs, litigations, fines, non-compliance of regulations and overall reputation damage for the enterprise.
The average cost of data breach in the USA is estimated to be $7.9M and in RoW its $3.8M. Fines related to data breaches are going into the hundreds of millions, and regulations are getting stricter by the day. It takes companies an average of 196 days to even identify a data breach today.
SplitByte uses proprietary algorithm to protect data-at-rest. The data could be residing on the cloud or on-prem storage servers. Upon usage, the data is split, encrypted and stored in user defined locations. The data and the corresponding filenames are encrypted. This thwarts attempts by hackers to reassemble the data. Owner of the data can reassemble the data with an intuitive user interface. Built-in redundancy allows reassembling the data even if some of the split data is lost. APIs allow easy integration with existing systems and is compliant with various regulatory considerations such as GDPR, PCI, HIPAA, CCA, FISMA, FERPA frameworks.