LONDON, January 26, 2016 /PRNewswire/ --
Kit allows developers for the first time to build secure data encryption into applications from inception
Global cost of data breaches expected to rise four fold to US$2.1 trillion by 2019
Qredo, the data security specialist, announces the beginning of a beta programme for its unique "quiet cloud" architecture, which for the first time enables developers to build cutting-edge encryption into applications from the outset, backed by its highly secure cloud platform, protecting all data stored and transmitted.
This makes the Qredo software development kit (SDK) the only cloud-backed platform that addresses the increasing global problem of server data breaches. The SDK will revolutionise application development as it removes the single biggest barrier to a wider adoption of encryption - difficulty of integration. As part of the beta programme, it is immediately available to anyone who needs a new weapon to keep their applications secure.
Qredo's quiet cloud wraps up the encryption of data with cloud services, in a manner that does not require expertise in either security or cloud services. The encryption keys, which are the only way data can be accessed, are strictly unavailable to Qredo and, more importantly, to anyone who may breach Qredo's infrastructure. Qredo offers two components at present: the bulk storage of data, and a message queueing facility for communication between two devices, with more components under development.
The Qredo SDK will be open sourced, allowing third-party auditors to review and attest to its security. Any application use case where data needs to be kept private is an ideal use for Qredo, but Qredo's usability means that even seemingly open use cases such as gaming applications can make use of it.
According to Juniper Research, the cost to businesses of data breaches globally is forecast to reach US$2.1 trillion by 2019. Also, under new EU data protection laws, which will be implemented by the end of 2017, companies could incur fines of up to 4% of their global annual turnover.
According to research published by Bank of America Merrill Lynch, the global cybersecurity solutions market is estimated at US$75-77 billion and forecast to reach US$170 billion by 2020.