If you have been worried that the critical data shared with a company could be misused or accessed by unauthorised persons, you can now secure or delete data at the receiver’s end by just clicking a few buttons — even days after it's been sent instead of physical visits or installing firewalls.
Most data security products focus on putting digital or physical boundaries on data and securing the data while it is within that boundary. Data security products by Seclore, the company incubated and partly funded by the Indian Institute of Technology-Bombay, helps secure documents beyond this boundary. It is like using a remote control to delete or limit the data you have already sent.
Seclore started off with the initial 10 per cent share capital coming from IIT-B. “Of our two products, FileSecure has competition from Microsoft, Oracle and Adobe, but unlike these products, it is compatible with all products,” said Vishal Gupta, CEO of Seclore Technology, a software product company incubated by IIT-B.
InfoSource, on the other hand, is a unique and the only of its kind data security platform that allows enterprises to outsource freely without worrying about data leakage from outsourcing vendors.
On the effect of recession on his business, Gupta said, “All budgets get affected during slowdown. However, budget for security does not get slashed that easily.” The pay-per-use model of pricing and comprehensive solution that does away the need for multiple solutions are likely to benefit the company as its clients go on cost cutting spree.
The global outsourcing market is around $122 billion and spends 1.5 per cent of its revenue on information security. The $40 billion BPO industry in India itself spends around $600 million on information security. Gupta puts the total ‘secure outsourcing’ market, “equally split between technology and consulting,” at $900 million.
The company is focusing on the financial services and engineering services verticals in Asia.