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The Rise of the Data Breach

Recent analysis of data breaches shows that they have become an epidemic - to the point where the frequency and magnitude can be predicted (see white paper on 'Data Breach Prediction Analysis'):

  • The chances of one or more data breaches that expose 1M+ records in the next year is a virtual certainty: 99.9999%
  • We will likely see 1 or 2 data breaches in the next year that expose 10M+ records – equivalent to 5% of US adult population
  • We will probably see about 14 data breaches in the next year that expose 1M+ records – 1 in 200 citizens

The big question is - how can companies protect information about customers and employees, and ensure, that if it does fall into the hands of criminals that no fraud can be committed.

How to Reduce the Risks

The industry at large is demanding end-to-end protection of data to provide information security on a continuous basis. Unfortunately, many encryption technologies simply do not address the threat to data over its full lifecycle. Data does not stay at rest for long, so simply protecting the containers or pipes leaves gaps that can be and will be exploited.

Fortunately, Voltage Security  is replacing these outdated encryption approaches, thereby enabling you - the global enterprise - to protect information end-to-end across any legacy or contemporary IT system, at any scale, and with short implementation at 1/5th of the time of alternative solutions while also providing high value business ROI of typically less than 12 months.  Voltage Security achieves these results with its innovative technologies backed by over 25 years of cryptographic research - Identity-Based Encryption™ and Format-Preserving Encryption™.


Voltage Solutions provide        
           
Stateless key management for reduced management costs
  Potential reductions in audit scope saving substantial costs annually from this feature alone  
Automated key rollover for superior protection and lower costs
  Referential integrity of data across mainframes and open systems so that single systems can be leveraged across a global enterprise  
Innovative technology such as Format-Preserving Encryption (FPE) that maintains formats of input data thereby having no impact to schemas, storage size or compression
 

New security to combat data protection risks

Organizations today have significant pressures to safeguard their customers most sensitive data - the dangers of identity theft, regulations such as PCI DSS (Payment Card Industry Data Security Standard) or the new Identity Theft Red Flags regulation, and development environments or outsourced environments where customer identity data may be exposed.

Voltage SecureData™ enables companies to simply and rapidly protect the data itself, without the need for major changes to their applications, databases or business processes. Based on a revolutionary technology called Format-Preserving Encryption™ (FPE), Voltage SecureData encrypts data in databases and applications while retaining the format of the original structured information. FPE is a mode of standard AES, recognized by NIST.

Standard encryption methods alter the original format of data, producing a different output. For example – a 16 digit credit card number encrypted with AES produces a long alphanumeric string, with FPE mode AES- the encrypted credit card number that looks and feels the same as a regular credit card without sacrificing strength, and without any additional data storage. By maintaining the format of the data being encrypted, database schema changes are zero and  application changes minimized – in many cases 1-2 line of code total. This means that whole systems can be rapidly protected in just days at significantly reduced cost.

crypto
Using Format-Preserving Encryption (FPE), Voltage SecureData maintains data format and eliminates
business process changes.

Protect your customers from Identity Theft
By encrypting identity information such as credit card numbers, bank account numbers, social security numbers with FPE, criminals will be unable to compromise customer identities in the event of a data breach

Fast compliance with PCI, Identity Theft Red Flag and other regulations
By using the FPE approach with Voltage SecureData, it is possible to rapidly enable compliance - in fact on average 5 times faster than traditional techniques

Reduce risks with outsourced environments
By safeguarding your data with FPE and Voltage SecureData, the risks of unintentional exposure of sensitive data is dramatically reduced

Enable developer access to production data
By masking or de-identifying your production data for use by developers in test and QA environments, you ca continue to get the best results from your developers without compromising the safety of sensitive information

Voltage SecureData leverages FPE to deliver a comprehensive solution for data protection that offers data de-identification, data masking, and data redaction services that does not require costly and time-consuming data schema and data format changes in existing systems. Voltage SecureData enables enterprises to ensure sensitive data is protected as it is collected, used, stored, and distributed to less controlled environments (e.g. test and development) regardless of infrastructure or application format requirements.

View on Demand Webcast | Ensuring Your Next Board Meeting Is Not About Data Breaches
Live Webcast | Understanding Tokenization and End-to-End Encryption
 
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