Grant Evans, CEO
According to the FBI, cyber-attacks extorted 600 billion dollars on a global index in 2018; a number that has continuously increased over the last few years. New compliance rules for secured access and data protection, especially in education and government sectors have created a massive market for encryption solution providers.Working closely with people in higher education institutions, SPYRUS has deployed authentication solutions in more than half a dozen universities. Expanding its focus beyond the government market, the company offers tamper-proof products for classified areas such as finance and insurance, healthcare, higher education, and fortune 2000.
Each of these sectors is adopting different encryption and authentication solutions due to mandatory compliance needs. Grant Evans, CEO of SPYRUS, asserts many people have a lack of situational awareness and do not realize how radical attacks have become. SPYRUS develops and deploys cryptographic operating systems that provide protection for secured access into network domains and encryption of data in motion, at rest, and at work. The company offers reliable security solutions to organizations with their SPYRUS Enterprise Management System (SEMS) platform that runson cloud,on-premise, hybrid, AWS, or Microsoft Azure. The platform allows individuals to set policies to grant permission for particular endpoints. Providing analytics such as log files, failed log attempts, and monitoring of access points, the platform supports “kill pill” functionality. This means an individual or an organization can limit the access if they observe any suspicious activities and can kill the data hackers have downloaded onto their drive.
SPYRUS also offers endpoint solutions in a combination of hardware and software elements such as USB token and micro SDs memory chip. AES encryption engine inside these chips generates an eight-digit pin every time a user logs into the network. The pin never leaves the endpoint; instead, a 128-, 256-, or 512-characters long cryptographic key comes up that gives the user access to decrypt documents and gain access to applications, domains, and networks.
SPYRUS secures networks and datacenters by encrypting shared products and decrypting product elements with their suite of applications called NcryptNshare. It locks down the data or network and provides a single way ofaccess through a private key. The same encryption product can be used for delivering, writing, and encrypting information in motion and in process anytime. For instance, in Las Vegas in 2017, a casino’s network was attacked by accessing a fish tank. Hackers tried to escape with several million dollars but couldn’t do so. SPYRUS technology blocked them, leaving a single way to access the endpoints through a private key which was owned by the company and casino administration.
“Sometimes, people take security too casually, and the number of attacks, both internal and external continue to grow. The common technology of the past, i.e., OTP is not very effective anymore. Encryption technology is gaining preference due to its highly sophisticated access capability that locks down endpoints and protects access into the systems, networks, and the data,” says Evans. His statement is an observation of the stark contrast between the mirage of what people think security is and the reality of what threats have become. The idea has always been to stay several steps ahead of the bad guys.
With that intent, SYPRUS has been expanding its solutions and capabilities and entering new markets. The company is continuously adapting different technologies to securing emerging areas such as IoT, radio and communications, and autonomous vehicles. The company has recently signed an agreement with Sectigo, one of the largest certificate authorities in the world. “We are expanding our footprints through a partnership approach, building our network partnering with multi-billion dollar distribution companies like Sectigo and SYNNEX,” concludes Evans.