Risk: All queried data is in the Clear
  Databases are half of the “Double Extortion” schemes
  250K MySQL DBs for sale from 85K victims
  2021 Cybercrime damages predicted to reach $6 trillion
  Encrypting data in a Database demonetizes its value
Strategic and operational databases are the foundation for running business applications and financial transactions and have become the engine for today’s ecommerce. Databases store and retrieve data very quickly and are used to track or hold customer, business activity, inventory, employee, and accounting information. In the era of cloud computing, these databases are the backend workhorse for many Software as a Service systems, health services, financial institutions, online retailers, and website applications. Unfortunately, they are also high-value targets for cybercriminals worldwide. ZDNet reported on December 10th, 2020 that “More than 85,000 MySQL databases are currently on sale on a dark web portal for a price of only $550/database”. Protecting an enterprise’s database typically involves setting up security using some of the most advanced technologies covering detection, prevention, and transportation. However, as evident in the weekly news regarding corporate data breaches, cybercriminals persistence continues to prevail at finding a digital path into a company’s security domain and ultimately gain access to those databases that, when queried, sensitive data is ripe for exploitation or monetization.



Bonafeyed’s Data-Defined protection approach – safeguards database entries rather than applying an “at-rest” encryption of the entire database or the storage where it resides. This means first encrypting data and then submitting to the database application. By leveraging this approach, the Cy4Secure data security solution is capable of individually encrypting each field or row or column of data. The benefits of protecting the records or individual fields allow not only the highest level of data protection but access control as well as preserving the value of the data.


The question that instantly comes to mind is, how can the database work with encrypted data? The answer is remarkably simple. Database systems do not know the difference between data that is encrypted with Cy4Secure or data that is human readable. Its only concern is that the data meets the entry field’s attributes. If it looks like data, databases can perform their operations such as whole searches and partial searches or sorts. When making queries, the operations are performed using Cy4Secure encrypted versions of the data and the database just searches for the encrypted equivalent version of the data. For instances where arithmetic operations are required on numerical entries, order preserving encryption can be used on numerical fields. Conversely, each PII numeric data entries such as a social security numbers, can be individually encrypted and obfuscated because they are not used in mathematical or sorting operations.


Therefore, individual data fields, records and columns can be encrypted to control access from unauthorized users. This allows broader sharing of its data or records and ensures in the event of a data breach or theft by a bad actor, data remains protected, unavailable, and demonetized.

  Insiders cause 1/3rd of SaaS breaches
  Nation-State Actors target large SaaS applications
  Everyone including the Hackers are in the cloud
  Human error is the top contributing threat
  SaaS databases are at risk
Software as a Service (SaaS) is an immensely popular alternative to the traditional model of installing application software in a company’s managed business environment. SaaS’ success is driven by the ease of deployment, cost efficiency, scalability, mobility, reduced software implementation and maintenance costs. The only drawback is that customers must rely on the SaaS provider to ensure privacy and data security. SaaS offerings such as customer relationship management, enterprise resource planning, supply chain management, human resource management, business process management are database driven. Therefore, when it concerns data security, SaaS solutions have the same risks as traditional database deployments but also introduces new forms of data loss vulnerability.


In May of 2019, CRM cloud giant, Salesforce.com, Inc. (SFDC) service was disrupted when as posted by them, “A maintenance-related single-purpose database script launched at 01:45 UTC on May 17, 2019 mistakenly gave elevated data access permissions to users within an organization.” It was purported by customers and the press; the script gave past and current users of the company's Pardot B2B marketing automation system full read and write access to all data. In other words, an Enterprise’s data was openly available to other companies to examine and query. This unfortunate event is analogous to an insider attack, albeit an accidental one. Nevertheless, whether the SaaS or the cloud host for the SaaS adds another form of vulnerability. Today, a SaaS offers the industry standard data-in-transit and data-at-rest protection technologies, access controls and some optionally offer proprietary onsite security gateway appliances requiring one of these boxes at each customer location. Question is how can customers independently secure their data in a SaaS application without modification and available to remote employees, partners and even clients?


The solution starts with protecting data at the source, the database. Bonafeyed’s data define security approach allows database backed SaaS applications to use encrypted data transparently, without changes and maintains data protection across domains down to an end-point device. It starts with the web application for the SaaS solution. It is here where the browser plugin intercepts individual data fields to determine if the data is encrypted or needs protection. The Cy4Secure Arbiter is contacted to authorize key request then upon reception data or records are decrypted. This approach allows broader sharing of secured data and ensures in the event of a data breach or theft by a bad actor, data remains protected, unavailable, and demonetized.
  Over 300 GDPR fines in 2020 totaled €200M
  FLE and RLE allow single record/user access encryption
  20% of US, UK, and EU companies are GDPR compliant
  Single field/record can be “cryptographically forgotten”
  HIPAA can fine up to $429USD per exposed record
Although the majority of enterprise businesses have deployed concentric or perimeter-based security architectures using a combination of detection, protection and transportation technologies, the results are good, but fall short after witnessing the numerous and recent corporate data breaches in the news and the loss of billions of user’s records. In many cases, human error played the largest role from misconfiguration, fraudulent scams, stolen mobile devices, and even intentional security violation. However, the real issue is that the data itself is typically not protected or encrypted in the event of an unauthorized breach. This has prompted regulators’ concern about data security and the threat of hacking as well as the need to protect sensitive consumer and corporate financial data.


The European Union first blazed the trail to protect consumer personal information when the General Data Protection Regulation (EU) 2016/679 or "GDPR" became law on May 25, 2018. The United States quickly followed suit, as each State began rolling out their own regulations. In March of 2018, all 50 U.S. states enacted breach notification laws that require businesses to notify consumers if their personal information is compromised. California lawmakers enacted the California Consumer Privacy Act of 2018 or the “CCPA” June 28, 2018. Others included Alabama with SB 318, Arizona with HB 2145, Colorado with HB 1128, Iowa with HF 2354, Louisiana with Act Number 382, Nebraska with LB 757, Oregon with SB 1551, South Carolina with H4655, South Dakota with SB Number 62, Vermont with H. 764, Virginia with HB 183 and many others followed. California has alreadyCalifornia has already made several amendments, most recently October 11, 2019 and again November 2020 (called CPRA), to their new laws and created additional legislation similar to GDPR.


Many of these data protection acts also stipulate that consumers have the right to be forgotten and to request that any data a company has on them be deleted. There are some limits on what data a business can retain for legal, compliance, and business reasons, but a solution must be in place to timely delete all other information about a consumer.


Cy4Secure’s innovative data defined security provides a new dimension for data privacy and data control. A combination of Column, Field and Row level encryption not only protects data but can determine if a single data field of a record or row is searchable or unsearchable in a query while retaining the ability to be forgotten.



Deploying Bonafeyed’s Cy4Secure technology encrypts consumer personal data, in real-time and the data remains protected when accessed by authorized users within an enterprise’s network, or outside by 3rd party partners or mobile devices. In addition, the consumer datasets when placed on backend Business Enterprise systems or in the cloud for collaboration or archival storage remains natively secured. However, when encrypted data is lost, stolen, abandoned, or forgotten, it becomes demonetized ensuring cybercriminals or internal non-authorized users only obtain unintelligible data and permanently inaccessible once the cipher keys to access the data are deleted or retired, which exceeds data protection legislation.



The frequency of breaches also arises from focusing on perimeter security and not on protecting the data itself.  Data that remains in the “clear” is vulnerable.  Bonafeyed can secure individual data elements, such that any loss of data whether by a mega breach or down to an end-user’s mobile device is mitigated.  Traditional security products are just one part of the solution. Since cybercriminals have found quick ways to monetized stolen data, without directly securing and protecting the data, these massive breaches and data exploits will continue to occur.
  Ponemon, “Data breaches on average cost $3.86 million”
  Lost business is about half the cost of a data breach
  Encrypted data has no value to the cyberthieves
  It takes millions of keys to open a protected database
  Over 300M people impacted by data breaches in 2020
Over the past year, we have been asking leaders in different organizations how valuable is the data in their company? Not surprisingly, their answers have been about the same: “it’s like oxygen”, “as valuable as gold”, “it’s how we make decisions” and “it’s our most important asset”. Data is the fuel that powers a company, and without it, most of them will not be able grow or stay afloat. When faced with ransomware events, they have few choices to safeguard these assets. According to cloudwards.net, 2019 tallied $11.5 billion in ransom payments and Cybersecurity Ventures in their 2019 Cybercrime report estimates 2020 will come in at nearly $20 billion. Based on the number of breaches in the past 12 months, it is safe to say that data is also important and valuable for cybercriminals with the average payout at $178,000, 14 times greater than 2019 according to Coveware’s August 2020 report. They may have different motives, but one thing is for sure… they all make money from the data they steal.


In the case of a ransomware attack, the cybercriminal usually holds hostage the victim’s data for cryptocurrency, promising that once payment is made, they will re-enable access to the data with no guarantees of leaking it. Unfortunately, most of the time, adding insult to injury, cybercriminals not only collect the payment from the victim, but they also place the data on the dark web for the highest bidder. Imagine this being Personal Health Information (PHI). Whoever buys this data can now use it to extort anyone, even a high-profile target like an executive, celebrity or political figure, or worse yet, collect massive amounts of money via fraudulent insurance schemes using patients’ medical reports. Since Bonafeyed focuses solely on protecting the data, even when a cybercriminal hits the jackpot and stumbles into a wide-open database with millions of PHI records, the individual data fields and records remain encrypted requiring multiple keys to access a single record and millions of encryption keys to reveal the entire database.


Now consider another scenario that lately has been breaking many headline news – a cyberattack coming from an organized crime gang with affiliation to an unfriendly country. Today, we are witnessing more cases mentioning the FBI and other agencies helping companies resolve the problem with mixed results. Talk about a serious hostage situation! A quick pay-out to the criminals to get your business back is no longer a valid option and companies are stopped dead on their tracks, causing major headaches due to impact on operations and revenue. Relying on the reaction time of an overworked government agency to assist in the process for paying out the ransom, if allowed, should not be the only option.


Bonafeyed protects your data – your most valuable asset – and keeps it protected in the unfortunate situation it is stolen or held hostage. You may need to replace the infected equipment and leverage the next generation of perimeter security appliances to recover. The question is what about the data? Sophos, Ltd in their “The State of Ransomware 2020” report, found that paying the ransom doubles the cost to fix the issues caused by ransomware and for those that paid the ransom experienced an average cost to recover was $1,450,000, while those that didn’t pay spent only $730,000 to recover from the attack. Bonafeyed data is fully encrypted within the database. Meaning, companies no longer need to pay any ransoms because the cybercriminals will not be able to derive any value from your encrypted data.


When Cy4Secure protected data is lost, stolen, abandoned, or forgotten, it remains secure and becomes permanently inaccessible once access to the encryption keys are removed or retired ensuring cybercriminals or non-authorized users only obtain unintelligible digital data.