New Technology Offers ‘Strong Encryption’ for Archived Data, Providing Best Possible Protection Against Data Loss, Theft, or Unauthorized Access to Sensitive Information
Minneapolis, MN (PRWEB) June 21, 2005 -- Intradyn announced today at the
annual Securities Industry Association (SIA) Technology Management Conference in
New York City that it will begin offering technology that encrypts tapes used to
archive sensitive corporate email. The company’s Encryptape™ technology is based
on the same type of encryption used by the U.S. federal government, the highest
level available, which is AES 256-bit – called “strong
Regulations requiring that certain data be retained for long periods, often several years, are proliferating. At the same time, it has become clear that the loss or theft of tapes containing such data is a significant problem for organizations, large and small. Millions of people are now affected by data that has been lost on unencrypted tapes, by organizations such as Time Warner and CitiFinancial, for example. The former divulged recently that sensitive data on 600,000 current and former employees was stored on tapes lost by a supplier, while the latter reported in May that it lost tapes containing sensitive data on 3,900,000 customers.
Intradyn is specifically making this new 256-bit AES WORM tape encryption technology available as part of the software incorporated in its ComplianceVault™ Email Archiving Appliance, which it co-markets with Sony (NYSE: SNE). See http://news.sel.sony.com/pressrelease/5697. The Encryptape™ software for the ComplianceVault™ will be available beginning this month to existing users as a free upgrade, and will be widely available from Sony solution providers and select distributors. It will also be available in a soon-to-be-released, next-generation version of Intradyn’s RocketVault™ Backup Appliance.
“Our customers began asking for full encryption on removable media shortly after we released the ComplianceVault™ in 2004, and the requests increased immediately after Time Warner lost their tapes,” said Gary Doan, Intradyn CEO. “Those requests jumped dramatically after CitiFinancial announced it lost millions of records. Companies realize that the damage this kind of episode causes is significant, and the liability potentially catastrophic.”
“Keeping unencrypted tapes at either primary or secondary sites these days seems almost criminal – and in some cases, probably is. With this free option to the ComplianceVault™, it is likely that some SMB sites will now be protecting their corporate data better than some of their Fortune 500 competitors,” said Mike Karp, senior analyst at Enterprise Management Associates.
“Intradyn's ComplianceVault™ supports the functionality needed to enable compliance at a digestible price for sensitive IT budgets,” said Peter Gerr, a senior analyst with Enterprise Strategy Group.
Intradyn’s ComplianceVault™ appliance is an integrated hardware/software solution that captures all of a user company’s email on a continuous basis, from a virtually unlimited number of mailboxes – storing all email messages on both hard disk and unalterable media (Sony® AIT WORM tape). The product is an easy-to-use appliance that connects quickly to the network to give smaller firms powerful email search and retrieval capabilities. It works with Microsoft® Exchange™, Lotus Notes®, Novell Groupwise®, or any IMAP or POP3 email server. It can be quickly installed, requires no integration or IT expertise, and allows the administrator to search the content of up to one million emails per second by keywords, date or range of dates, or by mailbox/user. In addition, the device has an audit feature that tracks all access to the system.
Who Must Archive Email?
North American firms in the financial services sector, which are regulated by the Securities and Exchange Commission (SEC), the National Association of Securities Dealers (NASD), or the Universal Market Integrity Rules for Canadian Marketplaces, must follow a detailed and stringent set of guidelines for data retention. Firms in the healthcare industry must follow data retention requirements specified by a variety of statutes and regulatory bodies, including the Health Insurance Portability and Accountability Act (HIPAA), Medicare Conditions of Participation, and the Food and Drug Administration (FDA). Government agencies and ministries must adhereto a wide variety of guidelines and requirements for data retention, including those put forth by National Aeronautics and Space Administration (NASA), the Department of Defense (DOD), various provisions in the United States Code, the National Archives of Canada, and other agencies and statutes, including several state statutes, often called “open records laws.”
Email and Archiving Growth Statistics
According to the Enterprise Strategy Group, “reference information,” the majority of which is email and attachments, is growing at a 92% compounded annual growth rate (CAGR), while database and transactional data is growing at only a 61% CAGR. The IDC Berkeley Report says that storage requirements for email will grow at a projected compounded annual growth rate of between 100 and 300% through 2005.
Worldwide revenues for email archiving software increased to $180 million in 2004, and the compounded annual growth rate will be 50% for revenues in this market segment over the next three years, according to IDC. The Radicati Group says the category of email archiving and retrieval software will see revenue growth of more than $2.3 billion by 2008. IDC says that the broader global market for “compliance information management” will grow at a 22% compounded annual growth rate through the 2005 to 2009 period, and pass the $20 billion mark for the first time in 2009.
How to Purchase or Schedule a Demo
Intradyn is exhibiting at the SIA Technology Management Conference at the Hilton New York through Thursday, June 23, participating in the Sony Electronics booth (#2110). Intradyn entered into a partnership with Sony in 2004. More information is available at http://www.aittape.com/index.html. For more information about the ComplianceVault™ Email Archiving Appliance, see http://www.intradyn.com/compliancevault/. (To find out the reseller nearest you, look for the “Buy Now” link.) Availability of the Encryptape™ technology with the ComplianceVault™ appliances is scheduled for the end of June 2005. The product is available in several disk capacities bundled with Sony® AIT™ tape libraries through Sony solution providers and select distributors nationwide.
About Intradyn Inc.: Intradyn’s mission is “Data Protection Made
Simple.™” Headquartered in Eagan, Minnesota, the company develops software that it incorporates into all-in-one data protection and preservation “appliances” – bringing enterprise-class functionality at prices affordable to small and midsized businesses (SMBs). Founded in 2001, Intradyn designs its products specifically to address the overriding IT issues facing smaller businesses today: complexity and affordability. It introduced the RocketVault™ Backup Appliance in July 2003, and later that year won a “Best of the Tests” award from Network World magazine. The company’s other products include the BackAgain™ family of backup software for Microsoft Windows™ environments, and the ComplianceVault™ Email Archiving Appliance, which allows companies to affordably comply with such strict rules as the SEC’s email retention and availability regulations. The company sells its products throughout the U.S. and internationally through a growing network of resellers and partners, now numbering more than 130 organizations. Additional information is available at the company’s web site, http://www.intradyn.com, or by calling 651-203-4600.
Tony Keller, S&S Public Relations
719-634-8279, e-mail protected from spam bots
Data Protection Made Simple™, RocketVault™, BackAgain™, ComplianceVault™ are trademarks of Intradyn Inc.
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Source : http://www.prweb.com/releases/2005/6/prweb253398.htm