World losses from cybercrime are nearing one trillion dollars per annum - that's a minimum 1% of global GDP.
The bleeding will get worse before it gets better.
However, most of the current pain results from ordinary cybercrime and industrial espionage.
The past two years have seen an endless procession of highly publicized leaks of private information. Reported cases in the US include J.P. Morgan-Citibank (compromised sensitive personal details of 76 million households and 7 million small businesses), the IRS and Office of Personnel Management (OPM), Sony, Costco, Target, CVS, Wal-Mart, Home Depot, United Airlines and UCLA.
These are only public revelations of the damage done - a high percentage of attacks are never reported.
Attackers will always find ways to break into networks to steal private information. They will penetrate networks from the outside, plant malware to access the network from the inside, lock down sites and demand ransomware, or rely on social engineering techniques, such as phishing, to gain inside access. Disgruntled employees can also steal private files with near impunity.
The only way to defeat cybercrime is hardened encryption combined with automated backup.
Kryptera's encryption was designed to mass encrypt and decrypt files in a highly-secure manner. No external passwords or private keys are required, and Kryptera cyphertext can only be decyphered by using the Kryptera server it was created with. Stolen Kryptera cyphertext cannot be decrypted by design.
Kryptera delivers the world's first real practical solution to cybercrime - solid data encryption for governments, corporations and individuals.
Kryptera ciphertext is impossible to decipher in the wild, so if you're looking to harden network security, make Kryptera your last line of cyberdefence.
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