Paperclip SAFE Disrupts Data Security Industry Using Encryption-In-Use Technology to Prevent Data Theft and Ransomware Attacks

Rhea-AI Summary

Paperclip Inc. has launched Paperclip SAFE, a new data protection solution leveraging encryption-in-use technology. Announced on September 20, 2022, the solution aims to prevent data theft and ransomware attacks for Fortune 1000 clients and beyond. This technology enhances security by rendering data unreadable during unauthorized access, while allowing for efficient searching and retrieval. The launch follows extensive testing against real-world cyber threats, and the solution is designed for easy integration in various sectors.

Positive

• Launch of Paperclip SAFE, enhancing data security for clients.
• Utilizes advanced encryption-in-use technology preventing unauthorized data access.
• Designed for rapid search and retrieval without compromising data security.
• Proven technology through over two years of real-world testing.

Negative

• None.

--30-year data management leader Paperclip Inc. comes out of stealth mode, introduces proprietary solution to the public, one it has trusted for more than two years to keep its Fortune 1000 clients’ data safe--

LAS VEGAS, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Paperclip, Inc. (OTCMKTS: PCPJ) today announced the launch of Paperclip SAFE, a breakthrough solution specifically designed to prevent data theft and ransomware attacks, both on premise and in the cloud. The solution -- trusted by Paperclip, Inc. for more than two years to keep its Fortune 1000 client’s data safe – does so using encryption-in-use technology.

According to Gartner Group, “traditional data-at-rest encryption, as commonly implemented, does not provide strong protection against theft and data breaches. It is incapable of securing data in use and data-sharing scenarios.”

Paperclip SAFE’s encryption-in-use technology:  

• breaks the attacker’s tools even if they have full access to the database and keys
• renders data unreadable, even inside the perimeter
• utilizes key and access controls aligning with Zero Trust frameworks
• allows searching while data is salted, hashed, shredded, and encrypted
• reveals no user information in memory or search tables, even if keys are captured
• is fast and only allows users to see what you want them to see
• applies threat detection with watchdog against TDR (Threat Detection and Response) attacks
  

“Six years ago, we realized the data we managed for our clients was at risk, and could not find a solution robust enough, so we created our own,” said William Weiss, CEO, Paperclip, Inc. “After years of strenuous tests and thwarting real-world breach scenarios for our clients, we decided to bring the solution to the public, and thus Paperclip SAFE was born.”

“Experts in cybersecurity have referred to encryption-in-use as the holy grail,” said D. Michael Bridges, President, Paperclip, Inc. “Even when a hacker is searching, your data stays encrypted with Paperclip SAFE, potentially saving companies millions of dollars every year in breach aftermath expenses.”

Paperclip SAFE allows every organization, in every sector, to finally and permanently realize the true potential of their stored information. It is the ultimate unification of unbreakable security with unparalleled access, millisecond search/retrieval speed and ease. Designed for any company that stores substantial amounts of data, Paperclip SAFE is easy to implement, leveraging the SaaS approach to delivery and simple API integration. For more on Paperclip SAFE, visit paperclip.com/solutions/safe/.

About Paperclip, Inc.

Paperclip is a software technology partner solely focused on providing enterprises with the most efficient means of secure document capture, processing, and storage of millions of documents for rapidly growing firms and Fortune 1,000 companies worldwide. Paperclip does so via leading-edge solutions that keep information digital throughout its life cycle.

Paperclip offers an expansive range of cloud based B2B and B2C solutions that eliminate paper to deliver new possibilities in efficiency, communication, and ROI, each customized to specific industry and business goals. For more information, visit paperclip.com.

MEDIA CONTACT:

Stacey Doss, APR
Sagon-Phior
Stacey.doss@sagon-phior.com
949.285.2362

FAQ

What is Paperclip SAFE?

Paperclip SAFE is a new data protection solution launched by Paperclip Inc. that utilizes encryption-in-use technology to prevent data theft and ransomware attacks.

When was Paperclip SAFE launched?

Paperclip SAFE was launched on September 20, 2022.

How does Paperclip SAFE enhance data security?

It renders data unreadable during unauthorized access and allows for efficient searching, while applying strict key and access controls.

What companies can benefit from Paperclip SAFE?

Paperclip SAFE is designed for any organization that stores substantial amounts of data across various sectors.

What are the key features of Paperclip SAFE?

Key features include encryption-in-use, fast search/retrieval speed, threat detection, and compliance with Zero Trust frameworks.