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A staggering amount of data is stored in the cloud. According to IDC, data stored in the cloud is projected togrow from 33 ZB in 2018 to 175 ZB by 2025. The cloud is now home to massive amounts of data as organizations migrate their modern business applications. But studies show that less than ten percent of cloud providers are encrypting their data once it is stored at rest, leaving sensitive corporate and personal data vulnerable to unauthorized access and data breaches as well as exposing companies to hefty fines as the US and EU ramp up enforcement of privacy regulations.

In a move to address todays major problem behind privacy, making encryption usable, StrongSalt, an encryption platform as a service startup,announced the first Open Privacy API for searching and sharing encrypted data in cloud services and enterprise applications. With the new API, companies can now build data protection into any application or workflow, allowing both security and usability to co-exist in a privacy-focused world.

By introducing the ability to search and use data while it remains encrypted, without exposing it to risk, StrongSalt opens the potential for mass adoption of encryption, allowing both security and accessibility to co-exist in a privacy focused world.

Founded in 2015 by Ed Yu, the former founding engineer of publicly traded cybersecurity company, FireEye, the San Francisco,CA-based StrongSalt is an encryption platform as a service to help build a new privacy infrastructure for the internet. StrongSalt is solving the fundamental problem of data privacy by building the worlds first always-on searchable encryption infrastructure through APIs that are simple enough for any developer to use, yet secure enough to power the worlds most demanding applications.

Starting January 2020, any organization that suffers a reportable breach affecting the information of California consumers will face potentially enormous class action litigation costs under CCPA and StrongSalts approach is the only get out of jail free card, said Lydia de la Torre, a practice lead at global law firm of Squire Patton Boggs who provides strategic privacy compliance advice related to US and EU privacy, including data protection and cybersecurity law, GDPR, CCPA, other states privacy and cyber laws, US financial privacy laws.

StrongSalts encryption as a service (EaaS) API makes it easy for developers to build data protection into any application or workflow.

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This startup just solves the data privacy problem by making it possible to search encrypted data in the cloud - TechStartups.com

How many of you have faced security issues? If you have faced one, then you must know how terrible it should be. Today, the entire internet is filled with news of security breaches and such, which has made people more cautious than ever.

Recently, Google revealed information about its Android app encryption. The data shows that about 80% of Android apps are encrypting traffic by default. It means that you do not have to worry about sending your information upon any apps request. Your data will be safe and secure on the network.

The number itself is huge 80% Android apps doing their job right!Furthermore, the data shows that traffic encryption started from zero to 80%, which is a remarkable change. If Google wills to protect their users, then it is highly recommended that the arrow on the graph should always head upwards.

Not to forget, this 0 to 80 percent started from January 2018 and within such small time, Google has managed to reach for such high target. Bravo!

Google believes that the statistics will only increase in the future. Google has advised all applications targeting Android 9 Pie or more to have Transport Layer Security (TLS) encryption. Apart from it, Google has told that from 1st November, 2019, all the apps must target for Android 9 Pie, which will certainly increase the app encryptions data.

An advice for all stop using the old versions of applications and OS and switch to newer versions to protect yourself and data from falling into the wrong hands.

Read next: Biometric Security: Is It The Future? (INFOGRAPHIC)

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Terrific News for Android OS Users 80% Android apps encrypting traffic by default - Digital Information World

Analysis of the Biometric Data Encryption Device Market

The recent market study published by Fact.MR provides valuable insights related to the overall growth potential of the Biometric Data Encryption Device Market during the forecast period 2018 to 2028. The report provides a thorough understanding of the current trends, growth opportunities, market drivers, and restraints that are expected to shape the growth of the Biometric Data Encryption Device Market.

As per the findings of the report, the Biometric Data Encryption Device Market is slated to witness a steady growth owing to rising investments in R&D activities, advances in technology, and swelling demand for the Biometric Data Encryption Device from the end-use industries. The report suggests that the Biometric Data Encryption Device market is projected to grow at a CAGR of ~XX% during the assessment period and on its course to exceed a value of ~US$XX by the end of 2029.

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Competitive landscape of Biometric Data Encryption Device market

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Biometric Data Encryption Device Market : Analysis and In-depth study on market Size Trends, Emerging Growth Factors and Forecasts to 2018 to 2028 -...

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Data security is lagging behind, Thales found

Almost two-thirds (62 per cent) of financial institutions in the US have experienced data breaches, compared with 55 per cent of non-US institutions, as data security is struggling to keep pace with digital transformation, according to a study.

The global survey from Thales found that US financial institutions have the highest rate of data breaches compared to other industries, with 41 per cent of having experienced a data breach in the past year. In the rest of the world, 27 per cent saw a data breach in the past year, and 9 per cent suffered multiple breaches.

External threats remain the biggest threat facing non-US financial organisations, with cybercriminals most likely attacker, according to the report, which stated that 60 per cent of respondents answered cybercriminals, 50 per cent privileged users and 50 per cent cyber terrorists.

For the US, FIs cited threats in the following order: 54 per cent said cyberterrorists, 50 per cent said partners with internal access, 46 per cent said competitors, 45 per cent said cybercriminals, 44 per cent said nation-states and 44 per cent said other IT accounts.

The right level of data security is paramount for financial services organisations today as these firms are a constant target for hackers, Paul Hampton, Senior Manager at Thales told IBS Intelligence.

So while security spending is still going up, albeit more slowly recently, the 2019 Thales Data Threat Report-Financial Services Edition actually show the situation is getting worse. By focusing on outdated protection solutions like perimeter security, financial organisations are leaving themselves vulnerable to hackers that will, given the time, break through.

Another finding was that while organisations report having plans for adopting data security technologies such as encryption and tokenisation, actual implementation rates are low.

Less than a quarter of respondents said they were using encryption to protect cloud environments as well as newer sources like big data, blockchain, containers, IoT and mobile payments. While, at the same time, 98 per cent of global financial businesses are reporting that they are using sensitive data with digital transformation technologies. Just 29% or less are using data encryption within digital transformation environments.

Hampton noted that the industry must focus on protecting the data at its source through solutions like encryption, key management and two-factor authentication.

By doing this, financial companies can protect their data while ensuring theyre complying with strict regulations. For those that dont adopt these technologies, they not only face being hit with regulatory fines, but they could find themselves losing brand trust and, ultimately, customers, he said.

Tina Stewart, Vice President Market Strategy for Cloud Protection and Licensing Activity at Thales, said: Fraud and security teams are expected to be the enablers of innovation while securing an increasingly complex financial services environment. Rapid digital transformation is being driven by agile FinTech start-ups and the open banking trend shows no signs of slowing down. In addition, protecting sensitive data becomes even more difficult with shrinking security spending and encryption rates that are far too low.

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Data security is falling behind as over half of FIs experience data breaches - IBS Intelligence