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  • Ecrypt Technologies, Inc. (ECRY): A Viable Solution To Alarming Trends In CyberCrime 0 comments
    Feb 10, 2014 6:00 PM | about stocks: ECRY

    Cybercrime costs have steadily increased by an average 78 percent over the last four years, racking up $300 billion in losses each year, according to separate studies from the Ponemon Institute and the Center for Strategic and International Studies (OTC:CSIS).

    In the United States, the annual cybercrime cost seen by the 60 businesses studied in Ponemon's fourth annual Cost of Cyber Crime Study ranged from $1.3 million to more than $58 million averaging $11.6 million per company. The average cost of cleaning up the crime scene after a "serious" attack, or one that penetrates the firewall, was $1 million.

    The same report shows that each U.S. business on average received two successful attacks per week. Industry experts estimate this number to be standard across the board. As with any crime, prevention rather than post-attack damage control is obviously the desired option.

    Ecrypt Technologies is more than familiar with the challenges businesses face in guarding themselves against the increasing number of cyber dangers, which are often a result of complicated networks built with many different components that are often individually patched to address new threats without closing security gaps in traditional solutions.

    As an emerging provider of military-strength data security solutions for enterprise, government, and military, Ecrypt provides organizations with the freedom to communicate and collaborate without risk of liability, reputation damage, competitive threat, and other negative outcomes.

    The company's flagship solution is an integrated e-mail and encryption designed to fortify the security of corporate communication against data breaches, eliminating phishing threats, malware infections and spam. This technology helps companies alleviate the need for separate encryption servers with their associated bloated administration and multiple points of weakness.

    Taking into consideration the small amount of statistical information earlier noted, as compared to the vast amount of detailed statistical figures available, the market for Ecrypt's technology is tremendous. In addition, Ecrypt stands to benefit from increasingly demanding data confidentiality regulations such as the Health Insurance Portability and Accountability Act (HIPAA), the Federal Information Security Management Act (FISMA), and Gramm-Leach-Bliley Act (GLBA).

    As a result of extensive market research and working directly with organizations in multi-billion dollar industries, the professionals at Ecrypt fully understand the business community's need for confidentiality, prevention of data breaches, compliance with government regulations, and mitigated litigation risks.

    For more information on how Ecrypt Technologies is changing the world of data security, please visit: ecryptinc.com

    Let us hear your thoughts: Ecrypt Technologies, Inc. Message Board

    QualityStocks provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit http://disclaimer.qualitystocks.net

    Stocks: ECRY
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