Rivetz: Away With User-based Security, In With Device-based Protection
Recent findings published by Cybersecurity Ventures, a firm that delivers cybersecurity market data and insights, indicate that in 2017, the global cybersecurity market is expected to be worth more than $210 billion, having grown roughly by around 35 times over the past 13 years. The firm also goes on to predict that cybercrime will continue rising and cost businesses globally more than $6 trillion annually by 2021. In addition to that, global spending on cybersecurity products and services will exceed $1 trillion cumulatively over the next five years, from 2017 to 2021. This is where Rivetz Corporation shines like a rising star.
Rivetz provides a vault to isolate and protect keys and encrypted material from apps, malware, users, and hackers. The organization seeks to ensure users a truly safe experience for accessing all digital services, thereby maximising the quality and value of the provider-to-subscriber relationship. Rivetz’s proprietary technology leverages the Trusted Execution Environment (TEE) capabilities built into devices to hide and process secrets in complete isolation from the risks inherent in the operating system. The company’s TEE-based products and services leverage built-in hardware capabilities currently embedded on 2 billion devices. Almost all smartphones, tablets, laptops and personal computers already contain the necessary hardware to enable a Rivets vault for securing user access, privacy and safety. The Company’s technology replaces unsecured storage of credentials and the cumbersome annoyance of multi-factor authentication with a safe space to hold and process sensitive data and secrets. This assures that only a known device in a known condition, and also with a known user only can connect to a network or service. Rivetz’s simple and flexible platform brings world class security into the reach of any application developer or service provider by allowing them to quickly and cost-effectively exploit the built-in security protections contained within the latest generation of hardware.
“Rivetz is currently executing on a novel tactical approach to supply the market with state-of-the-art cyber security technology”
By now, it has become a well-known fact that the market demand for multi-factor authentication grows every quarter. Rivetz is currently executing on a novel tactical approach to supply the market with state-of-the-art technology. The company supplements the built-in authentication everyone needs with patent pending integration of an enterprise’s legacy cybersecurity controls. This is coupled with the services to help user manage their collection of devices as their identity. Rivetz’s revenue producing contracts with the Department of Defence and the Department of Homeland Security validate and demonstrate the market value and leading-edge capabilities of Rivetz’s technology.
Rivetz came around to building its cybersecurity structure when it closely studied the deficiencies in current architectures, the resulting outcome of breaches and the products that were used to protect the perimeters where breaches occurred. This brought them to the conclusion that it is vital to eliminate user credentials and open networks. This they achieved by creating a device-centric model where key exchange replaces network authentication and where users authenticate to their devices and those devices, in turn, subscribe to needed resources. Rivetz’s simple and highly effective solution focuses on mobility and basically turns every company into its own telecom. By focusing on the device identity, continuously measuring the state of the device, and enabling a new token-based business model, Rivetz is constructing a new decentralized approach to cybersecurity and transaction assurance.
The market for the services and functionality of RvT Tokens is potentially vast and could be utilized by both currently shipped devices and future security chip and device sales. Driven by global cybercrime, regulations and the mushrooming IoT market, there is a mandate for a better solution to security. A growing demand for improved cybersecurity is crystal clear, and Rivetz Corporation seeks maximum leverage out of it.