Now Hackers can easily earn upto $25000
In today’s scenario, thousands of start-up companies are opening up every day around the world. Naturally, it is very difficult for these companies to appear standing out of the lot as most of them deal in the same kind of stuff. Now anybody would be surprised to read about the company who has just opened up a super-exciting challenge and is using it to become famous!
Tresorit, a security software manufacturer, has put up an open challenge for the hackers to break into its Cloud Service. Though the challenge was made in the month of April, nobody has been able to defeat it. The offer stands for a good USD 25,000 for anyone who can successfully perform the task. Already a hefty number of 700 hackers, including students from reputed Tech-Schools like MIT, Stanford and Princeton have started chasing the money, for college students, 25k is a pretty large amount of money to be spending their rest of the college days in luxury! This kind of attention has gained Tresorit a lot attention, despite the big-hacker-sharks also getting the attention.
Tresorit deals in encrypted collaboration and storage services. The concern of individual users and businesses about the encryption issues has been raised sky high mostly by the Edward Snowden (the NSA Ex-Contractor who leaked millions of classified secrets from the NSA to the media) case, the today mentality of having most data stored in cloud storage (due to hardware failures these days) and the heightened awareness about keeping the data secured. In 2009, a team European Security Experts started a patented research on Cryptography, which became the base of Tresorit’s security challenge.
Tresorit received a Series-A funding of USD 1.7 mn in 2012 and grew their team to 30 members by 2013’s end. The company targets individuals and small and medium scaled businesses that need collaboration and backup which ensures security, confidentiality and compliance.
Tresorit’s algorithm ensures data protection during storage and access across any and all devices as it uses shareable client-side encryption. 100 GB space on Tresorit’s cloud costs around USD 12.99, which is expected to drop to USD 5.95 by this year’s end, according to a statement from Tresorit. According to Szabolcs Nagy who is the founder of the start-up company that Tresorit has experienced a growth of 20% in the number of users monthly.
Tresorit’s algorithm ensures data protection during storage and access across any and all devices as it uses shareable client-side encryption. 100 GB space on Tresorit’s cloud costs around USD 12.99, which is expected to drop to USD 5.95 by this year’s end, according to a statement from Tresorit. According to Szabolcs Nagy who is the founder of the start-up company that Tresorit has experienced a growth of 20% in the number of users monthly.
The interesting fact here is that the storage offered by the company is located in Europe where data, arguably, is safer than in the US due to the use of the PATRIOT Act by the US agencies, who tend to use any means necessary for eavesdropping, despite the legal limitations in US for the same. To the customers who are within the European Union, Tresorit offers a compelling proposition being locally available and competing with Box or Dropbox.
The only stuff that should make Tresorit worry about is the ways of getting a superior grip of the customers when companies like Dropbox are ahead in competition. Microsoft Skydrive and Google Drive are readily available to the customers who use Microsoft or Google App worlds (Windows Phones and Android Phones) respectively, whereas Dropbox has gained the trust of the customers by offering large and safer storage space. In the business space section, already there exist thousands of companies who are competing to make the customer choose between companies like Box, Egnyte and OxygenCloud and a lot more.
The only stuff that should make Tresorit worry about is the ways of getting a superior grip of the customers when companies like Dropbox are ahead in competition. Microsoft Skydrive and Google Drive are readily available to the customers who use Microsoft or Google App worlds (Windows Phones and Android Phones) respectively, whereas Dropbox has gained the trust of the customers by offering large and safer storage space. In the business space section, already there exist thousands of companies who are competing to make the customer choose between companies like Box, Egnyte and OxygenCloud and a lot more.
To fight and survive in this market which is currently overflowing with names and offerings, Tresorit has already made a long-term plan which will help in building customer values, increasing commercial success. They talk about timestamping, e-signatures, delivery reports, and another line of audit-level features that they have planned to release in the near future.
As it already appears, the mainstream vendors might think about linking all this space as they are building out the security features they have lacked in the recent past. The thing about this is when it happens, the good future of companies like Tresorit, doesn’t look like a sure thing, but as of now, they are playing good using the European advantage which makes them remain worthwhile.
As it already appears, the mainstream vendors might think about linking all this space as they are building out the security features they have lacked in the recent past. The thing about this is when it happens, the good future of companies like Tresorit, doesn’t look like a sure thing, but as of now, they are playing good using the European advantage which makes them remain worthwhile.
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