In 2019 there have been an estimated six-and-a-half billion data breaches. A data-centric approach to security and encryption is required to solve this problem and give companies the confidence to move to the cloud
There is a market problem that only data-centric security can solve.
In the first six months of the year, there were 4.1 billion records exposed by data breaches, and this has risen to approximately six-and-a-half billion since then. Data breaches are becoming more frequent and damaging.
This failure to solve the growing security crisis is crippling the confidence of large enterprises in their ambition to move to the cloud, which can be a risky, but necessary venture.
Why is it necessary? The legacy implications of not moving to the cloud are affecting data. Data remains the number one underutilised corporate asset, “which is unacceptable in this data-driven environment,” explained AJ Jennings, founder and CEO at ShieldIO, the specialist in real-time homomorphic encryption — we’ll come to that later.
Working on legacy frameworks is hindering enterprise inability to view and gain valuable insights from encrypted data without decrypting it (data exposure), as is disruptive regulatory data compliance restraints. Keystores are a continuing vulnerability and outdated data protection methodologies, databases and applications leave infrastructures stressed and dissatisfied.
To address the above problems, a data-centric approach is needed in the security landscape. IT security requires a blanket of protection from perimeter to network; physical to application, anti-malware to policy management and training.
Real-time homomorphic encryption — the ability to perform mathematical functions on data and get search queries back without decrypting it — is a solution that fosters a data-centric approach to security.
With this technology, where ShieldIO is a pioneer, “privileged and non-privileged users can get value from the encrypted data in real-time, without seeing, exposing or decrypting the actual data,” said Jennings.
The company’s solution can be deployed as a standard JDBC, OBDC, .NET and EF database driver. It sits next to these existing databases and this eliminates the latency issues associated with encrypted data and the complexities of deployment — to examine encrypted data used to take too much compute power.
There is faith in this product as Oracle, and a number of other cloud service and large database providers, are bringing ShieldIO into its cloud ecosystem, to help customers in their moves to the cloud.
