Consolidating information in the cloud is the norm since it dramatically enhances productivity. However, this consolidation means the sheer number of individuals – employees, vendors and visitors – in any corporation that have access to these systems presents a challenge for enterprise security managers, both in terms of physical security of the various assets and premises as well as the security of the information systems. The proliferation of portable devices (mobile phones, tablets, laptops) and mobile workforces has compounded the complexity. To further add to the challenge, cyber-attacks are on the rise and becoming increasingly costly.
By way of examples – personal information for over 200 million users was compromised between eBay and JPMorgan Chase in 2014; 4.5 million patients’ information of Community Health Systems was breached in 2014.
Legacy security solutions that rely on analytics and passwords alone have proven to be ineffective. The cloud allows authorized users to access sensitive data remotely, equally enabling hackers to do the same, since the cloud has inadequate protections on differentiating between an authorized user and a hacker. The only effective way to mitigate these risks is to enable high-grade endpoint hardware security in the hands of authorized users. The Connected Smart Card™ (CSC) security hardware and platform patented by Tyfone is such a solution.
Tyfone’s solutions for digital identity and transaction security are protected by over 140 issued and pending patents and over 1,300 issued invention claims. Tyfone’s customers include major enterprises, critical infrastructure, financial services institutions, and the US Government.