Internet security in cloud storage is a hot commodity in this day and age. From the exploits of Edward Snowden, NSA spying and Chinese backed hacking, cyber attacks are at an all time high and security skills and creativity are in great demand. That’s the problem with sharing files over cloud storage systems like Google’s Drive, Dropbox or Box- the lack of privacy. But then there is Tresorit, a cloud storage system that boasts transparency with clients and THE pinnacle of privacy from hackers and governments. Tresorit stands by their security so much that they put it to the ultimate test- they invited hackers from the world’s best universities and organizations to have a crack at breaking their security for a bounty of $25,000 dollars. After a two month Hackathon that ended this week, Tresorit confidently stands by their bold claims.
Foreseeing the huge threat to privacy and security in emerging cloud storage systems since 2009, Tresorit was founded in 2011 by Hungarians Istvan Lam, Szilveszter Szebeni, and Gyorgy Szilagyi, raising a Series A of $1.7M the following year. As undergrads they researched in Switzerland at one of the world’s premier cybersecurity labs, CrySyS, along with the head of IT Security Levente Buttyán. Together they patented a unique and shareable encryption that makes it possible to store and share data without the service provider or servers getting access to the content. This encryption shields data from threats like hackers or the NSA in the cloud system. Tresorit launched their beta service last year to test the resolve of admins, hackers, and government agencies alike against their reportedly impenetrable system. After a few months of unsuccessful attacks, Tresorit decided to take it a step further with a $25,000 Hackathon challenge.
Inviting hackers from top universities like MIT, Stanford, Harvard, and Princeton and 238 organizations spanning over 49 countries, Tresorit offered $25k to any hacker that could break their cloud storage encryption. Ending last Tuesday on March 4th, the encryption still stood unbreakable. For the tech world, this exciting event not only highlights the importance of data privacy and security, but it surely makes Tresorit a firm to really look out for in the field of cyber security.
Find out more about Tresorit here.