With mega-successful brick-and-mortar stores like Target and Neiman Marcus disclosing they’ve been victims of cyber hacking, there are plenty of questions surrounding the safety of consumer data. During Target’s data breach this winter, an estimated 40 million credit card numbers were hacked along with around 70 million customers’ addresses and phone numbers. The situation leaves entrepreneurs wondering, "How do I protect my own clients’ data?"
One of many companies looking to answer this question is Shape Security. The firm created a one-of-a-kind security product, called The ShapeShifter that’s designed to protect both consumers and businesses at the user interface level. The firm has received more than $66 million in funding from partners such as Google Ventures, Allegis Capital and others.
This is just one of the many companies looking to protect customer data. To learn more about Shape Security’s approach, watch this video interview with two members of Shape Securities leadership team, vice president of product, Sumit Agarwal, and vice president of Strategy, Shuman Ghosemajumder for more ideas on how you can keep your client data safe.
Correction: This article was updated to reflect $40 million in funding that Shape Security received in February, bringing its total to $66 million.