Founded in 2012, Fhoosh aims to make encryption mainstream. So even if a data breach occurs, the hackers get “data dust not data diamonds.”
While encryption is used for payments, digital health records and myriad other activities, it has some drawbacks, said Eric Tobias, chief executive and co-founder of Fhoosh.
One is speed. It can slow down a network, which can be a problem as more data moves to the Internet cloud. It also isn’t foolproof. Even encrypted data can be stolen if hackers also gain access to the keys to unscramble it.
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