U.S. Patent & Trademark Office Grants Virtual StrongBox Exclusive Rights to its Secure File-Capture and Encryption-at-Rest Technology

CHARLOTTE, N.C., May 7, 2015 /PRNewswire/ -- Technology innovation firm Virtual StrongBox, Inc. is shaking up bank security protocols with U.S. Patent No. 9,003,183 for its secure storage system and file-encryption method for safeguarding data at rest.

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That's big news, given the growing epidemic of data breaches. With glaring, daily headlines about theft of millions of victims' PII, CEO Ron Daly says he was tired of seeing so many compromised systems.

"Virtual StrongBox is taking action because our industry is known for high security, yet breaches continue in banks and elsewhere," Daly said. "We drew from our financial institution experience and data-security knowledge to design a better system."

Virtual StrongBox's proprietary file system with dedicated, redundant storage devices offers unprecedented security. Its technology allows encryption of data at rest and its patent represents a new day in document security.

The Company is becoming rapidly becoming known for protecting consumers' PII the "financial institution way." Its flagship product, My Virtual StrongBox, already safeguards personal documents for 3.5 million people. Through customers' relationships with nearly 260 FIs, My Virtual StrongBox protects their deeds, wills, insurance policies and other important papers.

"Encryption at rest makes a huge difference in security, and should be the industry standard," Daly said. "Cybercrimes result in high recovery costs from lost business, reputation damage, regulatory beardown and customer claims – plus the toll on victims. The right security protocol may have prevented or mitigated the damage."

Daly's firm  and some collaboration partners are starting discussions with financial institutions and others  that handle PII to urge encryption-at-rest practices, independently or through Virtual StrongBox.

"The old way of storing data, especially PII, is unacceptable today," he said."Financial institutions must make changes; those that don't will lose because customers will learn about competitors  with higher  security, and they'll demand it."

About Virtual StrongBox, Inc.

Virtual StrongBox, Inc. protects personal data the "financial institution way," providing banks automated file exchange and file storage services. With patented "encrypted-at-rest" document storage, secure forms, push & pull file exchange and e-signature capabilities, Virtual StrongBox stands apart in helping institutions automate processes, reduce manual intervention, enhance client services, and reduce costs. Today, 260 clients serving 3.5 million consumers and business owners can access to Virtual StrongBox and find new ways to modernize technology and reduce costs.

To learn more, visit www.virtualstrongbox.com.

Contact:  Virtual StrongBox, Inc.
Greg Crandell, Chief Strategy Officer
(704) 817-4677
Email

SOURCE Virtual StrongBox, Inc.