- Firevault states that taking valuable data offline reduces ransomware and regulation risks
- Executives face the growing responsibility as the rules of fines and dissemination harden between jurisdictions
- Vault products, storage and out -line platform that are offered
Ransomware continues to be a great threat to companies around the world, but a United Kingdom startup believes that it has the response to the problem: to take valuable and irreplaceable data offline.
Firevault (which should not be confused with the macOS safety function of the same name) is based on what a “disconnection to protect” model, placing critical data in an off -line environment safe from possible ransomware attacks.
The startup says that its approach offers certainty for joints and executives concerned with corporate losses and personal responsibility.
Crown jewel data
The company has three main products. The first, Vault, is a safe offline store for directors, shareholders and professionals, blocked by identity to a verified owner and available at 2TB, 4TB and 8TB levels.
The second is storage, which is aimed at companies, providing a disconnected system for critical commercial data while promising operational savings compared to online alternatives.
Finally, there is a platform, a FV-PAAS solution that includes nine out-of-line modules for governments, companies and infrastructure operators that need to prevent confidential data from being exposed to attackers.
However, if companies see outside line as practical against modern cyber threats is the big question.
The growing regulatory and financial presence is a growing concern for companies, since according to IBM Cost of a data violation reportPublished in July, the average cost of a violation in the United Kingdom is £ 3.29 million.
Regulators can impose fines up to £ 17.5 million, or 4% of world billing, while the directors themselves can face personal fines to £ 500,000.
IBM informs that in the US, the average non -compliance costs are $ 10.22 million, with new SEC rules that expose executives to direct responsibility for dissemination failures, and in the Middle East, the fines can reach 5 million SAR in Saudi Arabia and AED 5 million in the EAU, with the possibility of prison for prison for the most serious violations.
