CYBERCRIME

  • Annual impacts are becoming the equivalent of a major global economy. 
  • Sophisticated and motivated cybercriminals likely can’t be kept out of digital systems, whatever we do. 
  • Billions of dollars are being spent every year on cybersecurity, but cybercrime just keeps on growing

DATA GROWTH AND ITS COST

  • Global enterprises, organizations, and governments are generating vastly more data every year.
  • Most of this data is discarded. Maybe it has no continuing value. But maybe it does - or would - if we could store it long enough to figure that out. 
  • It is expensive to store data, especially in a place that many people within a large organization can access, such as the cloud.
  • We need cheaper solutions for digital storage anyway, since the data we need to keep will not stop growing.

DATA SECURITY

  • Businesses increasingly recognize that data is one of the most valuable resources in the 21st century, but we haven’t yet figured out how to protect it completely and still make it usable. 
  • Data often sits within digital environments, seemingly waiting for system defenses to be penetrated and the data stolen – to be exposed or misused. 
  • Because most data is not even protected with simple encryption, it’s easy pickings for cybercriminals - leading to reputational damage, fines and lawsuits, and countless headaches for anyone whose data is compromised.

Verai isn’t claiming that it can make all of the problems go away overnight. But we have realized that these Trillion Dollar Problems are related. 

We have come up with one Big Idea that will contribute to the process of solving all of them.