Why should law firms and enterprise legal departments use GhostDrive storage? Companies of all kinds understand the value of remote storage. Cloud storage is less expensive than buying capital assets to store data, and companies do not need to plan storage capacity. A company pays for what it uses, and no more.
The more they use, the more they save. Even sensitive, confidential information finds its way to the cloud, enabled by encryption. With encryption and multiple backups, most companies believe their data remains confidential, secure, and available.Law firms and the legal departments of large companies are a special case. The digital records they keep have a far greater amount of sensitive information, and the ability to keep that information secure is an important part of our legal system.
Lawyer-client privilege is a key element of the law, and what a client says to his or her lawyer should never be divulged. The same can be said of statements made in a deposition. Corporate lawyers see a tremendous amount of privileged information that could affect the reputation of their employers, including financial information before it becomes public. In these legal settings an abundance of care and caution is called for.GhostDrive provides the extra measures of security that make remote storage of legal records secure. In addition to military grade encryption, GhostDrive divides files into smaller pieces or shards, and then through the private GhostDrive blockchain distributes those pieces to multiple storage location across a wide geographical area. In addition to these measures, GhostDrive account holders can use multi-factor authentication, including voice and other biometric measures.
These extra layers of account security are exactly what is needed by the legal industry.So, when a corporate lawyer settles a sensitive, potentially damaging conflict with a buyer, supplier, or customer, he or she can trust that their confidential, non-public settlement will remain private.And, when a practitioner of criminal or family law takes a deposition, or documents the discovery process, he or she can assure their clients that their statements will remain confidential if legally possible.
The trust and the candor it enables between client and lawyer is an important aspect of the legal process that is supported by GhostDrive technology.
Financial professionals at companies of all kinds safeguard some of the most powerful and confidential data assets that a company possesses.
The financial data of a private company are not just operating results but are the personal financial results of the owners. A financial professional in a small or medium sized private company probably knows the owner of the company. The CFO or Head Accountant of a private company is personally responsible for the security of the owner’s data.In the case of a public enterprise, significant preparation and planning go into the release of financial results to shareholders. Data preparers have a fiduciary duty to shareholders and the public markets to divulge financial results only at the right moment. In smaller, private companies, fraud and embezzlement are special concerns. Because a small company has limited financial staff, separation of duties is not often completely possible, and financial data may be informally protected.
This is an ideal scenario in which a lower level employee has access to data that he or she is not intended to have. Even if data is password protected, passwords are poorly administered, and knowledge of them is often an open secret. In both small and large businesses, the threat from malicious insiders is often greater than the threat from intruding outside hackers.GhostDrive, with multi-factor authentication, encryption, sharding of files into multiple parts, and wide distribution of file parts over a wide remote storage network, provides small businesses with the information security they need.
Further, it embeds in the organization a level of information security discipline that is often lacking. In some cases, GhostDrive’s onsite L1 hard drive can be used locally to store data with the complete offering of GhostDrive security. The drive can be moved to any location where it is needed, and with a Wi-Fi connection can take advantage of the full range of GhostDrive protections. Large, publicly owned companies have special data security needs. Not only is the privacy of information important to the reputation of a company, but corporate financial officers have a fiduciary duty to shareholders and markets to protect financial results until they are due to be released. This constraint upon public corporations is in place to protect the fairness and integrity of stock prices and non-public information. Embargoes on information are often not enough to keep people from seeing the information, stealing it, and acting on it for personal gain.
Just because there are limited reports of financial data theft does not mean they do not occur. The most effective insider trading is done when the theft is undetected or unprovable.Financial professionals may especially like the GhostDrive Time Capsule, a feature that allows a user to lock up a file so it cannot be opened by anyone, even him or herself, until the time they set is reached.GhostDrive data security locks up data so that only those with privileged access will see it. GhostDrive keeps the prying eyes of malicious internal and external actors away from financial results.
Security and privacy are valuable to each of us.
Even if we have nothing to hide, we all store personal information in the form of passwords and personal identification, like social security numbers or credit card data. Even when companies tell us that our online behavior is only valuable to them when it is depersonalized and aggregated with everyone else’s, that connection between us and our online behavior is never completely forgotten, and it is available to intruders who hack into company databases.In an increasingly wireless and mobile environment, our devices are even more vulnerable. Who has not been in a public place and received the warning that “your connection may not be private”? Even cell phones without endpoint protection can give hackers in an airport, hotel, restaurant, library, or school a connection to other devices and networks you connect to.
That is why GhostDrive has developed a mobile app that will provide the same encryption, sharding, and remote distribution on your mobile device that it does on your laptop. Versions for iOS and Android are in development.When you use GhostDrive to encrypt, shard, and distribute your files across a variety of servers on the GhostDrive network, your files are inaccessible by anyone but you.In a hotel lobby with your laptop, you connect to the hotel Wi-Fi.
Your laptop and all its contents are vulnerable to intrusion unless your files are protected by GhostDrive. This scary scenario can be repeated wherever you have a wireless connection:In a dorm room where the local Wi-Fi node, or even the entire school network, is vulnerable to intrusion, and a malicious hacker can steal or destroy your work. In a home or apartment where you have roommates or family members who have physical or wireless access to your computer.In a coffee shop – especially in a coffee shop – the stranger across the room or one building over may be a skilled, thrill seeking hacker who can connect to your computer.In a library, hospital, or airport, where public Wi-Fi is especially vulnerable, only remote, encrypted, and widely distributed remote storage from GhostDrive stands between a malicious intruder and your private files and information.
Our personal and private behavior and data have never been as exposed to mischief and theft as they are today. Through its proprietary blockchain technology, GhostDrive helps you protect your privacy as no one else can.