Terbium Labs can Protect Companies Like Sony from Hacks With Matchlight, True?
Terbium Labs has introduced a data protection system, called Matchlight, that can prevent major organizations from hackers’ attacks. Matchlight could have saved Sony’s data from notorious hacks, the company claims.
The startup claims that its product can locate stolen critical data before hackers send it to the dark Web. Matchlight can scan companies’ data without having to permanently access the sensitive information, Terbium Labs CEO Danny Rogers explained to MIC WRIGHT of TheNextWeb.
“We use cryptographic hashing to break the data into small pieces. We maintain a fingerprint – a large set of cryptographic hashes – and search for the equivalent values as we crawl the internet,” Rogers said.
If Matchlight was in use, it could have notified Sony of its great data loss within seconds, Roggers expresses his confidence. Talking to the news source, he gave an example how that could have been possible.
“Our system identified about 3,000 of its credit card numbers appearing on a dark Web marketplace within about 30 seconds of that leak. That allowed it to know which accounts were compromised before any fraudulent transactions occurred,” Terbium Labs CEO said.
Matchlight remained in beta program for about five months, which Terbium launched in partnership with five Fortune 500 and Fortune 5000 companies.
“In an era when threats are getting increasingly sophisticated, businesses need to look beyond their own borders. They need to know that data will leak and deal with that. It’s a risk management problem, not just an IT problem,” TheNextWeb quotes Terbium CEO as saying.
Abubaker Zahoor writes on diverse topics with special interest in innovations, tech-ethics, and inter-and intra- organizational business relationships.