Absolute data protection is ensured by mathematically shredding sensitive data into many pieces that are rendered meaningless once shredded. Then, these pieces are scattered across multiple systems, networks, and organizations known as “Knoxers,” who cooperate on storing and protecting these shreds.
A breach of any one Knoxer bears no impact on data security, as the hacker must get hold of all the pieces to gain access to the original data file.
Each shred, representing one small piece taken from a big data “puzzle,” is meaningless to the hosting Knoxer organization. This is because through the shredding process no one entity can ever “know” what data is contained in the original complete file, thus ensuring uncompromising data privacy.
This also means that fraudsters cannot manipulate the data which is stored on the CCS platform, since they would have to access and modify all the shreds across every heavily-secured Knoxer simultaneously – which is virtually impossible, even for the most sophisticated cybercriminals.
If there is an attempt to modify any shred kept on the CCS platform, this modification will result in a mismatch between the tampered data and the original shred kept by the Knoxer, which CCS immediately detects, sending an alert to relevant stakeholders.
nsKnox is a fintech-security company, enabling corporations and banks to prevent fraud and ensure compliance in B2B Payments. Founded and led by Alon Cohen, Founder & former CEO of CyberArk (NASDAQ: CYBR), nsKnox solutions help organizations avoid significant financial losses, heavy fines, and reputational damage.
Leveraging its patented Cooperative Cyber Security™ (CCS) and groundbreaking Bank Account Certificate™ technology, nsKnox’s solutions detect and prevent finance & ops infrastructure attacks, social engineering, business email compromise (BEC), insider-fraud and other Advanced Persistent Fraud attacks.