More than 4,100 publicly disclosed data breaches occurred in 2022, with
approximately 22 billion records leaked. Most of it was not encrypted. Vaultree announced the general
availability of a first-of-its-kind software development kit (SDK) to
address this massive need.
Made possible by a series of major cryptographic breakthroughs by the
Vaultree team, the SDK is a user-friendly, simple-to-integrate, and
easy-to-use fully scalable solution that enables organizations to
benefit from Fully Functional Data-In-Use Encryption, allowing for the
processing of fully encrypted data without server-side decryption and
complex intermediaries or noticeable delays in data processing.
Vaultree developed the solution to address the problems associated with
processing completely encrypted data at scale, ensuring that companies
no longer need to sacrifice security for performance and are able to
keep their data safe at all times with unmatched simplicity and
exceptional encrypted data processing rates. Businesses can retain their
tech stack, database, code and SQL syntax, follow the rules, and
operate without any perceptible changes, with the added benefit of being
completely encrypted and at scale. Vaultree's SDK provides protection,
including adherence, security and effectiveness. So, in the event of a
leak, rather than issuing an apology about the wholesale exposure of
sensitive data, companies will be able to inform clients that although
their data has been compromised, it is encrypted, meaning it is
protected by encryption, an unparalleled level of security.
This layer of protection also makes CISOs' lives easier by solving one
of the most difficult challenges in cybersecurity: persistent data
encryption, even in the event of a leak, with the world's first Fully
Functional Data-In-Use Encryption solution. Encryption technologies to
date have not been able to process encrypted data, decrypting it to
plain text for processing and therefore impacting organizations' overall
data security, making their data readily available to cyber criminals.
Vaultree's encryption solution is smarter, quicker, easier, and more
efficient than anything else on the market. Truly zero-trust, it allows
users to work with fully encrypted data without key disclosure or
server-side decryption. Data-In-Use Encryption maintains data encrypted
at all times, even during processing. As an added benefit, there are no
intermediaries, which translates to zero learning curve or
implementation overhead, making adoption seamless.
Ease of integration and use is another critical differentiator of
Vaultree's SDK encryption solution. There is no need to be a
cryptographer, no intermediaries (such as APIs, proxies or plugins), no
change of data architecture, and no code or SQL syntax change. This
remarkable adaptability has made the product a prime mover in the
market.
"Vaultree's groundbreaking solution is the first of its kind and will
change the encryption landscape as we know it. Data security is not only
one of today's hot topics but also the topic of tomorrow. Vaultree is
leading the way to a safer future," said Rinki Sethi, member of
Vaultree's executive board of directors.
Vaultree's SDK encryption solution tackles the drawbacks of both
conventional and contemporary encryption methods with a variety of
features, including:
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Close to plaintext processing speed, even at scale
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Keys reside with the client
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End-to-end encrypted in use, decrypted only client-side
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No changes to stack, SQL syntax, data structure, architecture, and network topology
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Complex processing from fulltext search to computations on randomized encrypted data
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Performance and scalability at enterprise levels
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No need for special purpose hardware
Peak performance processing on fully encrypted data enables enterprises
to scale to billions of datasets while processing data at speeds similar
to unencrypted data processing. Enterprises handling large amounts of
sensitive data, including those in financial services, healthcare,
pharmaceutical, insurance, retail, telecom, and energy sectors, will be
able to mitigate the tremendous economic, cyber, legal, reputational, and business risk of a data breach in plain text - because of the data being encrypted.
"Breaches or leaks will continue happening, no matter how many tools are
in the first line of defense, but the second line of defense -
encryption - has been neglected for decades because data still has to be
decrypted to be worked with. The only way forward is an
always-encrypted approach," said Tilo Weigandt, Co-Founder and COO of
Vaultree.
Amongst other developments, Vaultree is the first and only (Data-In-Use)
encryption solution vendor to partner with Google's AlloyDB for
PostgreSQL, leading a new era with a fully functional encryption
solution in the cloud. To further expand usage of its revolutionary data
protection solution, Vaultree has also partnered with Qrypt. The
partnership leverages Qrypt's ability to independently generate
identical symmetric keys at multiple endpoints and quantum-secure
future-safe one-time pad encryption paired with Vaultree's Fully
Functional Data-In-Use Encryption to enable fast, future secure data
processing in a cloud-first world.
"As it stands, we are the only company globally with the capacity and
innovation we have. We are going to grow significantly over the next
year enabling organizations with our Data-In-Use encryption technology.
We are focusing heavily on bringing this to market fast with our target
markets being North America and Europe," said Ryan Lasmaili, Co-Founder
and CEO of Vaultree.