Encryption – FPE

Data breaches are on a record pace this year, both in the number of breaches and records exposed, according to the San Diego-based identity Theft Resource center

    • IRTC defines a data breach as an incident in which an individual name plus a social security number, driver’s license number, medical records or financial records (debit and credit cards included) is potentially put a risk because of exposure.


Securing data has always been a concern for organizations and with increasing access reach organizations have become vulnerable to hackers and internal privacy breaches. Every year Billions of dollars are lost in terms of fines imposed by regulators on privacy breach, lost business due to customer attrition and fraud.

  • Data breaches and instances of identity theft in financial, Healthcare and Retail sector are on the rise. Reported security incidents surpassed all previous years set back in 2012. (1) As per Data Breach QuickView report released by Risk Based Security, 930 incidents were reported during 2015 which exposed over 736 million records. “When you analyze the data breach activity in 2015 it’s hard to find any areas of improvement, said Barry Kouns, CEO of Risk Based Security.77.7% of reported incidents were the result of external agents or activity outside the organization with hacking accounting for 64.6% of incidents and 58.7% of exposed records. Incidents involving U.S. entities accounted for 40.5% of the incidents reported and 64.7% of the records exposed.

Healthcare Sector

A recent study revealed that healthcare data breaches accounted for 39 percent of data breaches in 2015. However, the number of identities exposed is relatively small in this industry but such as high number of breaches with low number of identities tends to show that data itself is quite valuable to warrant so many small breaches. Nearly 4 MM individuals whose identities were exposed as result of healthcare breach.

Banking/Credit/Financial Sector

Banking/Credit/Finance ranked 3rd with 9.1% of the breaches with nearly double the number of breaches reported in 2014, 71 and 38 respectively.
This is the first time this industry has ranked in the top 3. The number of breaches involving social security numbers totaled 338 in 2015 a modest increase of 1.8% over the 325 reported in 2014.


Format Preserving Encryption

Format Preserving Encryption is an approach for encrypting structured data, such as credit card, social security, date of birth, name, addresses keeping the format and data type the same. It addresses the problem associated with integrating encryption into existing applications (legacy EDW or OLTP systems) with well-defined data models. Adding encryption to such applications are handled with the new process engine created which provides

  • Unique 512-bit key based encryption
  • Preserves format, datatype and length
  • Supports both file and table level encryption
  • Pre-defined functions and ease of adding new encryption methods based on need
  • Data can be decrypted only with the key and the decryption algorithm.

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