Nude celebrity photos exposed in the recent scandal involving the possible hacking of Apple’s cloud-based service have cast a shadow over this burgeoning IT deployment platform. One potential solution to this, though, could come from Canada-listed LeoNovus Inc. (TSXV: LTV).
On September 9, 2014, LeoNovus (V.LTV) announced the launch of what it calls its “geo-distributed” cloud services, which the company claims features layers of high-level security and privacy that is built into the design. Here’s how this proprietary cloud service works:
First the data is encrypted, ensuring its protection before leaving the customer’s premises. LeoNovus then takes the encrypted files and segments them into small elements that are re-encrypted and redundantly geo-distributed over its wide-area network for further protection of the data. If any of these small-encrypted elements from a storage endpoint is hacked, it will only expose an encrypted bit of the data file with no ability to reconstruct the entire file.
“The way to put this in perspective is to take the Mona Lisa, paint it white, attack it with a jigsaw, then put the jigsaw pieces through a shredder putting the bits in buckets all over North America,” said LeoNovus Chief Architect Dan Willis. “That is effectively what we are doing, except we have the technology to bring all the original pieces back together again in near real-time.”
Finally, the data and services protection is preserved through a replication process so that the loss of one or several endpoints from within the network does not impact the ability to restore the customer’s data. With this solution in place, up to 70% of the LeoNovus Cloud Service endpoints could be out of commission with no impact on the ability to reconstruct the original data. And since the Network is also geographically distributed, beyond the influences of weather, power grids, geo-political boundaries, regulatory domains, even tectonic motion, a disaster in one or multiple locales does not put the customer data at risk.
And it’s not just personal photos that are vulnerable. There have been numerous hacks for gaining access into large retailers for consumer personal and financial data, involving companies such as Home Depot, Target, and eBay to name a few. And no one seems exempt –the late 2013 data breach at Adobe exposed user-account information and prompted a flurry of password-reset emails that impacted at least 38 million users, the company now says.
LeoNovus had about 119.6 million shares outstanding as of August 20, 2014. Its share price, meanwhile, has nearly doubled during the past year.
