Email encryption provider Echoworx has expanded its secure communication platform to Asia-Pacific countries (APAC).
There is an urgent need for data security solutions in APAC, with a recent study from Marsh & McLennan Companies highlighting the region as having the worst cyber security in the world.
With this in mind, Echoworx has opened up its OneWorld platform to the region. With data centres in Mexico, UK, Canada, the United States, Ireland, and Australia, coming this spring, OneWorld offers organisations a single, flexible, easy-to-use encryption solution that can be integrated into their existing infrastructure.
Echoworx’s advanced solutions enable organisations to communicate with customers and partners quickly and securely. Through the service, large institutions, such as those in the financial sector, can engage with customers and increase market share by offering secured services like e-statements.
President and CEO Michael Ginsberg says companies in more countries are recognising the importance of encryption and security in thwarting cyberattacks and data breaches, and APAC is an underserved market.
“We moved into Mexico to serve Latin America and are one of the few encryption companies in that market,” said Ginsberg. “We have a first-mover advantage there and would like to parlay that stance in APAC, starting in Australia.”
Australia will be the launching point for Echoworx’s operations in APAC, with plans to have a data centre operating by mid-May, with Indonesia or Japan next on the agenda.
Another growing concern among clients in various parts of the world is whether their data is stored in their jurisdiction or in another country or region, which Echoworx also addressing by utilising Cloud services. “With the advent of Cloud management, we have the capability to be up in a jurisdiction in a very short time and in an economical fashion,” added Ginsberg.
The European Union (EU) is another area that will benefit from Echoworx OneWorld platform, as encryption is a logical solution for companies in EU and while it’s not mandatory or the only solution, the GDPR encourages its use as a best practice to protect sensitive information from breaches.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
