MANILA, Philippines - A breakthrough solution to the worldwide problem of data theft that its developers say is hack-proof was launched recently in the Philippines. The technology called Splitlock was developed in Australia and has been patented in all the major countries in the world.
According to Melbourne-based Splitlock, Inc. CEO Anthony Liston, who flew in for the launch, Splitlock’s goal is “to ensure that any data held in any storage device would be worthless to any person who gained unauthorized access to the database.”
To achieve this, Splitlock splits the data into at least two pieces and then locks the data in a unique and patented procedure dubbed “Splitcryption.”
“We consider it to be the most complete of data protection available and the ultimate data security product in the world,” Liston added.
In the Philippines, TransPay Network Solutions, Inc. is the exclusive partner of Splitlock, Inc.
In his opening remarks, TransPay Network Solutions Philippines president and CEO Francisco Ravena III cited the newly enacted Republic Act 10175, otherwise known as the Cybercrime Act of 2012, and said that the technology that would help address the security issues and challenges stated in the law is now in the Philippines.
“Data protection is a must,” he stressed, “especially for valuable customer and financial data in order to keep public trust in banks and for sensitive information in government offices and in the military.” He pointed out the proliferation of cyber syndicates that prey on inadequately protected data bases.
source: philstar.com
