Partly Cloudy

Partly Cloudy

max temp: 18°C

min temp: 15°C

Search

Adastral Park company Silicon Safe raises US$1m for Password Protect product launch

06:00 30 January 2016

Silicon Safe founders Roger Gross and Dr Will Harwood.

Silicon Safe founders Roger Gross and Dr Will Harwood.

Archant

The company behind an innovative hack-proof solution for protecting sensitive information has raised US$1million (£696,000) for the launch of its first commercial product.

Silicon Safe, which has an engineering centre at Adastral Park, near Ipswich, claims its Password Protect device would have prevented recent high-profile data breaches at companies such as Ashley Madison, eBay and Facebook.

It has now secured the necessary seed funding, from a number of private investors, to launch the product on to the market in March.

Password Protect uses patent-pending computing architecture to store password data in hardware. This means that hackers cannot apply any of the techniques normally used to attack software in order to steal data and passwords from conventional databases.

Users’ login details are sent to Password Protect for authentication and it simply indicates success or failure; the password is not revealed.

Nick Lowe, chief executive of Silicon Safe, said: “It’s clear from the recent spate of high-profile password breaches that conventional security techniques, based on commodity hardware and software, have failed.

“Companies are still suffering the reputational damage and remediation costs from these breaches. What we are doing is approaching this problem from a completely new perspective.

“With Password Protect, data is placed ‘beyond reach’ in a dedicated hardware appliance, in which information is stored and compared but never revealed. Once stored in the appliance, all the passwords an organisation holds cannot be accessed, extracted or stolen, only compared.”

Each appliance can securely store up to 64million passwords. Other types of sensitive data, such as credit card numbers and biometric information, can be stored and verified in the same way.

1 comment

  • Exciting stuff. I wish them well in their innovative venture!

    Report this comment

    Ipswich Entrepreneur

    Saturday, January 30, 2016

The views expressed in the above comments do not necessarily reflect the views of this site

The St Elizabeth Hospice 'Bubble Rush' in Christchurch Park in Ipsiwch.

Hundreds of foamy fundraisers took on a sudsy obstacle course in Ipswich’s Christchurch Park yesterday.

The vintage tractor run arrives at the Vintage and Modern Tractor Fair held at Suffolk Food Hall.

Landy lovers and tractor nuts descended on one of Suffolk’s 
top farm shop venues for a celebration of agricultural vehicles this weekend.

Left to right: Kevin Woods, Just42 youth work manager; Woodbridge county councillor Caroline Page; Milly Wright, Just42 youth work apprentice; Ellie, youth club member; Sarah Smith, Just42 administrator; Ruth Blunt, Just42 childrens work manager; Caroline Rutherford, Just42 charity manager, outside the Woodbridge youth centre in June

A charity dedicated to supporting young people is hoping to set up temporary accommodation next to its soon-to-be demolished home.

Not-so-thin Lizzy who has been reunited with his owner

An overweight monitor lizard who escaped from his home in Kelsale has been reunited with his owner last week.

Drivers reportedly tried to round up a group of emus near Woolpit

Police received an unusual request this morning to help track down the owner of a group of emus causing difficulties for drivers on a road between Stowmarket and Bury St Edmunds.

Left to right: Sarah Liming, Pauline Tully, Katia Matless, Sara Ames collect their GCSE results at West Suffolk College

Parents are often bursting with pride on GCSE results day, but in Bury St Edmunds two mums were jumping for joy not just for their sons but also for gaining their very own A and A* grades as well.

Dr Dan Poulter, Suffolk MP

A Suffolk MP has called for the introduction of a new tax to fund the NHS and social care system.

England manager Alf Ramsey and captain Bobby Moore with the Jules Rimet Trophy.

It may be 50 years since Sir Alf Ramsey’s England team won the World Cup - and even longer since he led Ipswich to win the First Division title in their debut season - but affection for the man and what he achieved remains undimmed in his adopted county of Suffolk.

Cancellations on rail line between Marks Tey and Sudbury

Trains were cancelled between Marks Tey and Sudbury this afternoon due to fallen tree on the line.

The George Inn, Wickham Market

Community leaders are pushing for the compulsory purchase of a fire damaged Suffolk pub to save it from being torn down.

Most read

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

MyDate24 MyPhotos24