EpositBox Personally Identifiable Information and Sensitive Storage Using Immutable Blockchain Technology

EpositBox, a secure storage and protection services company, participated in the Accelerate event with Fast Company, IBM and Intel in San Francisco, CA, on November 8, 2023.

The company recently announced the patent pending development of an IBM Hyperledger Blockchain storage and protection service that provides a secure platform to protect a company’s PII/SD by acting as a 3rd party to separate companies from their PII/SD without interrupting the usability of their own property via a secure performant API protocol.

Platform offers number of distinct advantages:

Liability and compliance overhead for PII/SD storage is extracted away from the company.
Reduces and eliminates the risk of costly fines of up to 4% of their GNP for non-compliant handling of their PII/SD without a data breach even happening.
Reduces or eliminates the risk of serious brand damage occurring from a breach of PII/SD.
Security of PII/SD is far superior, protecting a company from outsider and insider threats and errors.
PII/SD interaction is seamless, performant and will not hinder the transaction process.
Consumers will have more confidence in a 3rd-party curator whose business model is to comply with regulators to protect the consumer’s PII/SD.
EpositBox can store and protect any Sensitive Data Type.

Critical newsworthy facts:

Data is locked in an immutable IBM Blockchain ledger record that cannot be hijacked.
The company receives data that is fully obfuscated and encrypted by using a dedicated key. Then this data is over- encrypted within the IBM Blockchain, increasing the difficulty and compute time of decrypting stolen data out to 100+ years, beyond its relevant value.
Stealing data from the firm requires the threat actor to collaboratively breach the security defenses of the company, EpositBox and IBM Blockchain, increasing the cost and complexity of harvesting stolen data beyond its black-market value.
The vendor’s platform drives up the cost of acquisition to a threat actor, steering them toward lower hanging fruit elsewhere, as it destroys the value of any stolen data in the criminal black market.

About EpositBox:
It is a firm dedicated to common data storage and PII threats by reducing and effectively eliminating the theft landscape created by companies storing personally identifiable information and sensitive data. This data has increasingly become the target of theft and hostage threats. This service eliminates the need for continuous cycles of patching defensive security activities that typically fail over time due to the advancing computer capabilities of large, well-funded criminal organizations. Howard Kaye, president, EpositBox, recently was quoted as saying: “This breakthrough truly revolutionizes the PII/SD storage industry. We look forward to bringing it to market.“

Resources:
EpositBox How It Works
Blog: Data residency in IBM Blockchain Platform Use Case
Blog : How EpositBox is Redefining Data Security with Blockchain Technology