Enveil and Unbound Tech unleash data security triad
Cybersecurity specialist Enveil has partnered with Unbound Tech to bring nation-state level data security to business customers.
Together, by securing data-at-rest, data-in-transit, as well as data-in-use, the two companies will offer enterprise clients what it calls “the Data Security Triad” for cybersecurity protection, reports David Penn at Finovate.
The new solution secures sensitive data at all points in its lifecycle. Enveil’s technology leverages homomorphic encryption to close the data-in-use “exposure gap” that is created when sensitive data is decrypted for use or processing.
Ellison Anne Williams, founder and CEO of Enveil, referred to this gap as the “point of least resistance” for cyberattacks.
Unbound Tech manages cryptographic keys, credentials, and other data to ensure that they never exist anywhere in their complete form.
The combination of homomorphic data security and MPC-based encryption key protection, explains Unbound Tech CEO Avner Mor, relieves companies of the burden of needing multiple strategies to deal with data in different states.
Unbound Tech is a Tel Aviv, Israel-based firm founded in 2013. It is funded by investors including Citi Ventures, Innovation Endeavors, and Goldman Sachs Principal Strategic Investments.
Enveil was founded in 2016 and headquartered in Washington, DC. It announced a technology integration with digital security firm Gemalto in August.