"Businesses must accept that data is likely to go places they don’t know and outside of their control. This means a new approach to data security is required, where it is protected no matter where it ends up or who is attempting to access it,” said Trent Telford, CEO of data security firm Covata.
“Policies that restrict data from being downloaded, for example, are a way of utilising the cloud for its security benefits and delivering tight audit controls over who has accessed the data and when,” he said.
However, the Dropbox breach should not deter businesses from using the cloud to store their data, said Telford, because it can be a much more secure way of storing data, if done in the right way.
“Critically, security needs to be inbuilt in each individual piece of data from the start, because it’s impossible to wrap the corporate arms around every endpoint and point of potential data leakage,” he said.
Budgie, Box and Dropbox are the most VISIBLE competitors to CVT. Definitely not in the same league feature-wise, but they have so much more visibility and distribution capability that they have won a lot of business by default.
One of CVT's biggest challenges right there! But a great quotable quote to have on file and..oh...accidentally drop Dropbox in it at the same time!
CVT Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
