![]() Most popular online file storage solutions increase the odds of a small chance becoming a big headache by not providing the same level of protection that users find with Cryptomator. “Although it’s just a small chance, if it happens, it won’t be good.” “If you put your financial data in cloud storage that is not encrypted, there’s still a chance that your information can be compromised,” Hagemann said. The Skymatic founding team, from left: Christian Schmickler, Tobias Hagemann, Sebastian Stenzel, and Markus Kreusch. And even if a thief somehow manages to access their vault, the encrypted files are useless without the proper credentials to untangle the code. Users need a key to access their file vault - and only they possess that key. “Maybe it’s an advertiser who wants this information so they can feed you ads based on your financial data.”įiles stored on Cryptomator are protected by the highest level of encryption. “Financial information is very sensitive data, and it’s not just thieves who you need to hide it from,” Hagemann said. That data could be account information, credit card numbers, search history, or other sensitive data. “We also learned how people use the software, which helped us improve the usability of the package.”Ĭompanies, thieves, and other individuals spend millions of hours, and just as much money, every year accumulating consumer data. “Between Reddit and posting the code on GitHub, we learned so much and refined the product,” Hagemann said. The work continued for more than two years before the company released Cryptomator 1.0 to the world. “That’s a big deal with security - you can’t trust software if you can’t see the source code.”ĭuring the initial design phase, the team posted its algorithm to Reddit and received the feedback it needed to refine the source code and strengthen its security. “This started as a side project, but it quickly evolved because others saw the same need for open-source software like this,” Hagemann said. The only time users encounter a fee is when they download the Cryptomator mobile app - which has a reasonable, one-time cost. Desktop access comes at no cost, aside from a donation the company requests to maintain the software. “There was a need to have one piece of affordable software that handled encryption, was optimized for cloud storage, and available on all platforms.”Ĭryptomator is a cost-effective solution, and accessing the encryption software doesn’t require backdoors or registration. “All of the other reliable software is expensive and requires a hefty subscription fee,” said Tobias Hagemann, Co-Founder and CEO of Cryptomator and its parent company Skymatic. The open-source Cryptomator project launched in 2014 before going live in 2016, and today, it remains a top choice for secure online storage. If a cybercriminal finds that user’s password, that person could lose everything in just a few clicks of a mouse.Ĭryptomator provides cutting-edge, client-side encryption that can keep financial data - or anything else users want to securely store in the cloud - away from unwanted eyes. Some popular online storage options keep user files hidden behind a password and little else. ![]() And the amount of time and money lost to these thefts each year is immeasurable.īut many of the victims could have avoided the hassle and stress if they had used more effective methods to protect their online data. ![]() On average, someone has a form of their identity stolen every two seconds. Web users generate data with search histories, login credentials, and ecommerce transactions, and that information floats around like specks of dust in the digital world.Īnd if some of that dust settles on the wrong keyboard, those users could find themselves in a difficult situation.Ĭonsumers reported nearly 165,000 instances of credit card fraud in 2018 alone. And even if a hacker accesses a user’s vault, Cryptomator’s encrypted files are useless without the proper key to decode them.Īnyone who has spent time surfing the internet has created some version of a digital identity. And Cryptomator is more accessible than other solutions because its desktop version is free, and it only charges a small fee for using its mobile app. The software securely stores informationthat users control in the cloud rather than on devices. In a Nutshell: Cryptomator is an affordable client-side data encryption solution that keeps valuable consumer data safe. ![]()
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