Secure Data Stewardship
Data compliance laws are complex and staying up to date on legal requirements can be time consuming, frustrating, and filled ambiguity.
Question: as a founder, are you aware of the types of data that fall under regulatory requirements such as GDPR, HIPAA, and others?
Do you know what regulations your company are required to follow?
What happens when you land that new customer in a brand-new market?
In 2019, 98% of stolen customer data contained Personally Identifiable Information (PII) (ForgeRock, 2020). PII includes medical records, banking or financial transaction, and/or insurance history, among other key data points. Compliance regulations such as GDPR and HIPAA were established to protect such sensitive data and ensure consumers are being protected.
Have you ever wondered what server is the most secure in the world that helps startups, medium-sized companies, and large enterprises keep such sensitive data secure? We are going to talk all about that in this blog, so you are armed with the knowledge to make responsible decisions on behalf of the consumers and customers in your portfolio.
We all know that data breaches occur all the time. Not a day goes by when we do not receive an email about this breach or that breach, a news article, a social media post, and/or a complaint from a friend or colleague. The size of the company does not dictate the risk. Who wants to be the reason a large bank experiences a breach? NOT YOU! The amount of data stolen in a security breach can be in the thousands or millions of customer records, and for a startup, this could result in closing your doors and losing credibility.
Due to the sensitive nature of the data collected across the healthcare, financial services, and insurance industries, they are typically the top targets of data breaches and accounted for 55% of compromised in 2019 (ForgeRock, 2020).
Some countries are still in their infancy when it comes to written regulations, whereas the European Union is one of the most stringent with its GDPR regulations. The US has industry specific data protection laws including GLBA, FCRA, PCI-DSS, HIPAA, and TCPA. Even states have begun enacting data protection laws like those found in the state of California’s Consumer Privacy Act.
Do you consider yourself an expert in data protection, privacy, security, and regulatory compliance?
As a startup, put your focus toward establishing product-market fit, your value proposition, gaining access to new customers and customer segments, building and scaling. Let technology work toward your advantage by building your workloads on the most secure server in the world – LinuxONE. Yes, a startup has the ability to deploy its workloads on the most secure server in the world, and this is possible via the IBM Cloud Hyper Protect Accelerator. We’ll even give you credits worth up to $120,000 to do it, which will keep you up, running, and ready for adhering to regulatory compliance through our IBM Cloud Hyper Protect Services offering.
To help startups in highly regulated industries such as fintech, healthtech, and insurtech overcome these challenges, we started the IBM Hyper Protect Accelerator in 2019. The program empowers early-stage companies that are focused in fintech, healthtech, and insuretech to gain access to the most secure server in the world via our IBM Cloud Hyper Protect Services.
IBM Cloud Hyper Protect Services provide the highest level of security offered by any cloud provider. IBM Cloud is the only cloud provider that ensures your customers data cannot be accessed by nefarious characters, and instead of using policy to prohibit bad actors, it uses technology instead. Other cloud providers rely on written operational policies. Using the IBM Cloud Hyper Protect Services ensures that customer data is secured at rest, in transit, and in memory. The advanced security is made possible with secure keys, images, enclaves, and a physically tamper-proof design from internal or external threats.
The IBM Cloud Hyper Protect Virtual Servers product protects your critical applications during the build, deployment, and management lifecycle phases.
Beyond security, IBM LinuxONE is the most scalable platform in the world along with unmatched uptime of 99.999%. (need source) The servers are a greener solution than x86 servers using less floor space and electricity. This enabled one customer to reduce its carbon footprint by 940MT over five years by switching to a LinuxONE-based solution.
Since the IBM Hyper Protect Accelerator launched in 2019, we have selected 45 startups into the program. In 2021 we will be expanding the program to include another 55 startups. YES!!!! 55 STARTUPS!
All participants receive two years of tech mentorship via IBM Cloud Solution Architects, Developers, Master Inventors, and Distinguished Engineers, as well as one year of business mentorship and investment readiness from Village Capital. We empower startups in our portfolio with go-to-market collaboration, marketing, public relations, access to the IBM network, and the opportunity to collaborate via our PartnerWorld program on joint business enablement.
Each startup will have a designated technical advisory team, led by Aaron Ralls (YES, A REAL PERSON). The team will help with IBM Cloud migration, application architecture and data security best practices using IBM Cloud Hyper Protect Services.
IBM Cloud Hyper Protect Services provide startups with the ability to easily and quickly secure their customer data and adhere to regulatory requirements. When you combine this with an environmentally friendly greener solution you can tell your customers that data and environmental protection are what matters to you.
Looking forward to seeing you join the program. Applications open soon. Be on the lookout in the Accelerator Hub. Didn’t join yet? Do so now!
Your Chief Technical Penguin
Aaron Ralls
@canjunAA