Ecrypt Technologies, Inc. (ECRY): An Important Product Under Development
Data breaches are among the most common and costly security failures in any organization. The U.S. is home to the second most costly data breaches, and average per capita cost amounted to $188 in 2012. This record itself signifies the increased demand for data security solutions in the U.S. Looking at the increased demand of data security, the U.S. government had passed certain data confidentiality laws, which make data security compulsory to prevent such thefts in future. For example, HIPAA provides federal protection for individual identifiable health information. This law was amended last year, with Business Associates (BA) vendors, contractors,…