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An Invention can forever end mass data breaches
[Category : - Indentification and payment methods]
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It is estimated that the total damage caused by data breaches is between $375 and $700 billion annually in the U.S. The global annual cost forecast is about $2.1 trillion. Despite a large number of patent grants in the U.S. alone, there is no sign that existing technologies from the current thinking can ever stop mass data breaches.
A Solution
The invention will use a new data security model: all business data is encrypted by user-provided key, and each transaction is conducted by using a user-provided key. This change will reduce potential reward from tens of millions to about $800. No one will hack those internet servers with so little rewards. Contact me for long white paper.
Patent publications:
US 11250142
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