As data security and privacy protection authorities tighten regulatory belts, eCrypt Technologies, Inc. concentrates its business focus on enterprise clients with the imminent release of its patent pending enterprise level information security technology.
“We still very much believe that individuals have a right to privacy, and plan to pursue that segment of the market,” commented Brad Lever, eCrypt CEO. “But focusing our efforts today on enterprise and government prospects presents the most lucrative opportunities for the company and its stakeholders.”
Regulations like HIPAA pose increasing challenges for organizations of all sizes. Companies are struggling to secure their networks and maintain compliance. On average, data breaches and subsequent fines and litigation cost a US business $534 million every year, the highest in the world according to the Ponemon Institute.
At 74%, the human factor is the most dominant contributor to data breaches. Originating from both internal and external sources, negligence and criminal intent pose the greatest threat to secure information systems. Conventional information security solutions place an incredible amount of onus on the end user. As such, they effectively render organizations vulnerable to their employees. eCrypt’s solution was engineered with the mindset that a secure system imposes correct security decisions on its users, rather than relying on their intuition, and willingness to make them.
“eCrypt’s solution is unrivaled in the market,” commented eCrypt Chairman, Curt Weldon. “Combined with access to placement opportunities within its target verticals, the Company is poised to become the go-to compliant information security vendor, in the homeland and abroad.”
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