Bangkok-based Equity Guru writer and tech wizard, Craig Amos just informed me that every night there are multiple efforts to hack the Equity Guru website.
Trying to gain a financial benefit from breaching our “back-end” – is like breaking into a gravel pit looking for French truffles.
There is no banking information. No blackmail collateral. No proprietary code.
Just published opinions which we could easily restore from a daily backup.
If we are a target – everyone is a target.
So yes – data security is a very big deal.
Leonovus’ (LTV.V) block-chain enabled software uses patented algorithms to virtualize, transform, slice and disperse data across a network of multi-cloud storage nodes.
Customers can benefit from an immediate payback as Leonovus activates and manages idle storage resources.
On Friday, March 23, 2018, Leonovus announced that a Proof of Concept customer purchased Leonovus 3.0, deploying it in their production environment.
With its intrinsic security, Leonovus 3.0 reduces their onboarding time of external customers from months to days, accelerating their time to revenue while enhancing their data security and improving their storage efficiencies by optimizing hybrid, multi-cloud storage architectures.
Leonovus stock price has been caught in the sector-wide malaise following the Great Blockchain Data Rush of 2017.
But the stock reacted positively to this news, surging 42% on 6.6 million shares traded.
Leonovus is fighting for a slice of a very big pie.
According to a Bain and Co. research report the “Global Cloud IT market revenue is predicted to increase from $180B in 2015 to $390B in 2020, attaining a Compound Annual Growth Rate (CAGR) of 17%.”
“Leonovus is also pleased to announce four new proof of concept pilots”, stated the press release, “Each of these trials are active, full customer engagement, with four different law enforcement and public safety customers.”
The new customers are headquartered in Canada and the USA.
Leonovus is attempting to convert all outstanding Proof-of-Concept installations into production deployments.
The company has identified a potentially profitable opportunity in the law enforcement data management market – which is changing rapidly due to the widespread adoption of vehicle and body cams.
Example: The Chicago City Police Forces has 12,000 officers. Body cams record 29 frames per second. Back-of-the-envelope math – and you get about 50 billion images that have to be catalogued and archived every week.
That’s one police force – for one week.
“Because of the massive data growth in all forms of digital evidence such as car and body cams, this market [law enforcement] is perfect for the Leonovus blockchain hardened software-defined object storage solution”, stated Michael Gaffney, Chair, and CEO of Leonovus.
Outside law enforcement, there is an explosion of data from closed circuit systems, surveillance systems, text and call records, social media and other electronic records.
The Leonovus 3.0 process of Data Lifecycle Management (DLM) begins when the data is downloaded from a device or location.
“Once downloaded, the source is catalogued and digitally signed becoming an immutable entity: a fixed entity. At that point the source has an unbreakable chain of evidence that is auditable and reportable and in a single digital repository.”
This past weekend, Peter Hundal, Strategy VP for Leonovus (LTV.V) lead a panel discussion in Miami, on ‘Security. Compliance. ROI. Why should you have to choose?‘
“With massive volumes of data growing at double-digit rates, regulations getting stricter, escalating security demands and mounting storage costs, many organizations in the digital economy feel caught between a rock and a hard place.
This session looks at how to develop a data storage strategy that can address your compliance requirements, provide military-grade security and be cost effective.”
Leonovus Blockchain review:
- Advanced architecture can scale to thousands of storage nodes from a single installation
- Hardware and software agnostic (works with any existing system)
- Minimizes latency, optimize geo-availability, reduce remote backup costs
- Blockchain Hardened Security and Encryption
- Data on-premises, hybrid or multi-cloud.
- Bulk, backup, and archival data are retrieved at near line speeds
- Data can be retrieved at close to transactional speeds.
- Low touch encryption and ultra-secure
Recently, medical profiles from 150,000 blood tests were leaked after an Amazon-hosted cloud service bungled its passwords, and a credit-score company Equifax suffered a massive data breach making public the personal records of 143 million US residents.
If the Equity Guru site got hacked – it would be an inconvenience.
For thousands of other business, it could inflict a mortal wound.
Leonovus is offering high-tech icon-clad data protection against hackers and “bad actors” – at lowball prices.
Full Disclosure: Leonovus is an Equity Guru marketing client, we also own stock.