How can IAGON Help With Data Breaches and Online Security?

This week we talked about the LocalBlox data leak and how concerning it is for users to trust any online platforms to deal with their data. A few days ago another data leak was exposed, this time it was a United States bank, SunTrust, who revealed that private data of up to 1.5 million customers may have been exposed and passed on to a criminal third party.

Although the SunTrust investigation is still ongoing, the above mentioned 1.5 million customers have already been notified by the bank that certain information, including names, addresses, phone numbers and certain account balances may have already been exposed.

This leads us to ask two vital questions: What are the proper security steps to take against data leaks and breaches as a user? And, which online platform or even on-site banking establishment is trustworthy of our data? In the light of this year’s unsettling string of data breaches and cyber attacks, users have begun to question the legal issues of Internet use and what is private and public information. This in and of itself is extremely disturbing since the amount of data stored online will expand exponentially with the Internet of things, Artificial intelligence and Big Data. This meaning that online security and privacy will become even more necessary in the next few years. So if we want to make our users secure and allow them to use Internet with all the benefits of improving every aspect of their life, we must learn how to protect their data. And, we must act now!

The Big Data market is characterized by the recent adoption of Data Lake architectures, such as information systems that are based on the Hadoop framework. The Data Lake architecture is based on implementation of a NoSQL central database (such as MongoDB, HBase or Cassandra) in which files of any sort can be stored and retrieved from.

The data lake architecture suggests that once it is hacked, the “hacker” can swim in the database system, explore the files and gain access to valuable data describing every aspect of the operations of an organization that is hacked. IAGON’s Secure Lake is based on Blockchain encryption technology and one of the major uses of IAGON’s Secure Lake technology in slicing and distributing the data lake files is “freezing” the lake. This prohibits, by means of encryption and decentralization of files, any party from accessing and “swimming” within the data lake. The only person who can modify, delete or access the data is the person who uploaded it and has the private key.

The challenge for any company that deals with clients’ data is to develop new solutions that can be easily adopted into everyday life. As a decentralized cloud platform, we aim to provide users with a solution where they will be able to store data without hesitation or worry that it might be hacked.

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