©techspeed inc data security solutions december 2008 protecting your investment
TRANSCRIPT
©TechSpeed Inc
Data Security solutionsData Security solutions
December 2008December 2008
Protecting your investmentProtecting your investment
2©TechSpeed Inc
AgendaAgendaAgendaAgenda
• Industry: Situation Analysis
• TechSpeed Inc. Who we are, What we do
• How TechSpeed can help you
3©TechSpeed Inc
Industry AnalysisIndustry AnalysisIndustry AnalysisIndustry Analysis
• The Internet connects an estimated 820 million computers in 260 countries on every continent
• Since 2005, more than 215 million records of U.S. residents have been exposed due to security breaches, costing businesses a staggering $37 Billion dollars
Source: Privacy Rights Clearinghouse Ponemon Institute Survey: 2007 (ITRC)
38%
45%
2%
15%
Medical
Banking
Educational
Business
Total Data Breaches By IndustryTotal Data Breaches By Industry
4©TechSpeed Inc
$10$18
$36
$75
$11
$25
$47
$98
$9$15
$46
$128
0
20
40
60
80
100
120
140
Detection &escalation
Notification Ex-PostResponse
LostBusiness
Industry AnalysisIndustry AnalysisIndustry AnalysisIndustry Analysis
• The total per incident data breach cost increased 43% since 2005 to an average of $6.3 million
• Cost of lost business accelerates. Lost business now accounts for 65% of data breach costs compared to 54% in 2006
0
50
100
150
200
250
2005 2006 2007
+43%
Average Cost of Data Breach(Per record)
Average Cost of Data Breach(Per record)
+71%
Data Breach Cost by Center(Per record)
Data Breach Cost by Center(Per record)
Source: Ponemon Institute LLCSource: Ponemon Institute Survey 2007: 2007, three year average cost $172
5©TechSpeed Inc
• The number of confirmed data breaches for 2008 has already totaled 570, with records exposed totaling 41,355,511 costing businesses an estimated $7 Billion
21%
16%
11%
13%
14%Lost or Stolen laptops
Employee or insider theft
Accidental disc losure
Loss or disc losure bysubcontractors
Hacking
Source of Data BreachesSource of Data Breaches
Industry AnalysisIndustry AnalysisIndustry AnalysisIndustry Analysis
Source: Ponemon Institute Survey: 2007
6©TechSpeed Inc
• Increasing incidents where third party (outsourcer, consultant) is responsible is growing
• At the same time, the difference in cost for a data breach based on responsibility has become increasingly larger
21%
79%
60%
40%
29%
71%
2005
Third Party Share of Data BreachesThird Party Share of Data Breaches
2006
2007
21%Third Party Internal
$136
$171 $171$148
$200
$238
0
50
100
150
200
250
300
2005 2006 2007
Third Party Data Breach CostThird Party Data Breach Cost
Source: Ponemon Institute Survey: 2007
Industry AnalysisIndustry AnalysisIndustry AnalysisIndustry Analysis
+39%
7©TechSpeed Inc
TechSpeed Inc.TechSpeed Inc.TechSpeed Inc.TechSpeed Inc.
• Who we are– Founded by Richard and Rekha Plainfield in
Portland, Oregon in 2002, TechSpeed now employs more than 150 people and services clients across the globe
• What we value– Combining a commitment to innovation, quality,
reliability and customer service, TechSpeed collaborates with clients to help them realize industry leading Data Security solutions
• What we do– TechSpeed Inc. provides offshore technology
enhanced data entry and BPO solutions
• Why are we here– Launch of innovative new patent pending Data
Security technology Imagefracture
8©TechSpeed Inc
How does How does ImageFractureImageFracture work? work?How does How does ImageFractureImageFracture work? work?
• More than 608 enterprise security professionals, 80% of enterprises said protecting data was more important in 2007, and 72% admitted they needed a better strategy
• TechSpeed launched a new division - Imagefracture to bring you a new innovation leap in data security
Source: SearchSecurity.com 2007
9©TechSpeed Inc
ProductProduct FeaturesFeaturesProductProduct FeaturesFeatures
• Prevents disclosure of sensitive information
• Includes data encryption and authentication
• Built in FTP for transferring files on internet
• Compliant with Windows operating systems
• User friendly interface with Point & Click navigation
• Multi level password protection
• Automated image data fracture and reassembly
• Customizable application setting to best fit varied business needs
• 100% 3rd Party Secure
In the wake of concerns around data security we are proud to present a reliable
software solution
10©TechSpeed Inc
Our Service PromiseOur Service PromiseOur Service PromiseOur Service Promise
• TechSpeed provides:
– Personalized service
– Local project management
– Dedication to total client satisfaction
– Pride in our successes
– Passion about our work
11©TechSpeed Inc
Our PartnersOur PartnersOur PartnersOur Partners
Imagefracture Security software is suited for data security needs across many industries
Banking: Merrill Lynch Retail: Home Depot
Manufacturing: Nummi Social Care: American Red Cross Healthcare: CHWS
Social Care: Special Olympics
12©TechSpeed Inc
Assessing your riskAssessing your riskAssessing your riskAssessing your risk
• Your industry security challenges:
– Safely maintaining credit card numbers, social security numbers, names and home addresses of donors
– Security, archiving, storage, and backup of the valuable donor data
– Subcontractors present data privacy risks to your donors– Tightly managing access when data entering confidential
information– Process simplification to manage multiple parameter security
challenges– Effective fraud management when processing online credit
applications
• In 2008, a data breach at LPL Financial #5 (US) exposed 10,219 records
• Projected cost for this data breach for LPL Financial #5 (US) was $1,699,134
Source: ITRC Breach Stats Report - 2008
13©TechSpeed Inc
How we can help youHow we can help youHow we can help youHow we can help you
• How is TechSpeed and Imagefracture uniquely qualified to help your business?
• Need to enter thousands of personal records having investment information from variety of documents such as stocks, bonds, mutual funds
• Need to minimize data entry costs
• Personal information of donors and conservation action network members requires highest level of security
SituationSituation
• Eliminate risks of hackers intercepting data being transferred
• Technology enhanced data entry solutions and globally
competitive pricing
• Protect privacy by blocking fields such as signatures and
personal information
SolutionSolution
14©TechSpeed Inc
Schedule appointment with Schedule appointment with your organizationyour organizationSchedule appointment with Schedule appointment with your organizationyour organization
• We are eager to discuss the data security needs of your company. Phone: (503) 291-0027, Fax: (503) 292-9893
• Toll Free: 1-800-750-4066 (USA and Canada)
• Email: [email protected] or [email protected]
©TechSpeed Inc
AppendixAppendix
16©TechSpeed Inc
Richard PlainfieldRichard PlainfieldRichard PlainfieldRichard Plainfield
• Richard Plainfield is President, Director Sales & Marketing and Co-Founder of TechSpeed Inc. Mr. Plainfield is the former President of Plainfield Software, which was founded in 1978. With over 30 years of IT experience including R&D, testing, systems management and hardware development, Mr Plainfield has been awarded multiple patents for his innovative designs. Mr. Plainfield leverages his experience to oversee both the sales and marketing divisions thus ensuring TechSpeed’s continued customer commitment to quality, reliability and service.
• Beyond the IT industry, Richard has founded several successful enterprises including granite imports, Plainfield’s branded tea, rare Indian art imports and a fine dining restaurant that further enhance a life time of business successes. Mr. Plainfield attended University of Oregon and Evergreen State College and currently makes his home with wife and daughter in Portland, OR.
• Email: [email protected]
17©TechSpeed Inc
Vidya PlainfieldVidya PlainfieldVidya PlainfieldVidya Plainfield
• After several successful years in the Consumer Packaged Goods industry, Vidya Plainfield joins her family as the Director of Strategy and Planning for TechSpeed Inc. In this role Ms Plainfield is responsible for new venture strategy formulation and execution including business intelligence research and analysis. She also serves as primary liaison between sales & operations, providing business planning and processes for strategic initiatives and tools.
• Prior to joining TechSpeed Inc., Ms Plainfield worked for Gillette and Campbell Soup Company. Previous roles with these organizations included supply chain manufacturing & planning, global warehousing & transportation, network optimization, sales planning, sales strategies and shopper insights. She has worked for such notable brands as Gillette, Braun, Oral-b, Rembrandt, Campbell’s Select & Condensed soups, SpaghettiO’s, V8 Beverages and others.
• Vidya earned her Bachelors of Science Degree in Business Strategies from Babson College and is currently enrolled in the MBA program at Villanova University.
• Email: [email protected]