Even with technological advancements in data processing, machine learning, and other analytics, organizations face challenges when sharing valuable data with collaborators due to a lack of transparency and ownership of data once it leaves its source point. Enterprises and agencies often rely on virtual machines to safely collaborate on their most sensitive information without losing control and giving up access to third parties, but existing solutions restrict the ways in which data can be classified, protected, audited, and shared across different platforms.
Grey Market Labs® and Virtru solve this problem by enabling data owners to maintain full lifecycle control over their sensitive information and securely share it for approved analysis. Grey Market Labs®’ Opaque platform offers patented secure virtual environments in which individuals can view and manipulate their TDF-protected data without ever having to expose this sensitive information.
Virtru’s Trusted Data Platform (TDP) is powered by the Trusted Data Format (TDF)—an open standard for object-level encryption created by Virtru Co-Founder and CTO, Will Ackerly, that keeps data protected and under the owner’s control. This technology ensures that companies can send information in a secure way that limits exposure risks. Combined with the Opaque platform collaborators can have the assurance that content will always remain under their ownership, protected from misuse or unauthorized access.
Together, Virtru and Grey Market Labs® provide the ability to:
- Share data more securely by adding persistent protections and attribute-based access control (ABAC). The Opaque platform uses TDF protections to ensure the integrity of sensitive data as it is shared from its original owner, so it can be trusted to inform business decisions and remain protected regardless of how it is analyzed or manipulated. Data owners can revoke, expire, or audit access to information at any point in its lifecycle, making it easier to share and collaborate with multiple parties. With ABAC, data created by different organizations in different applications can carry the same protections and access policies—whether the content is being collaborated on within a secure enclave, shared in transit, or brought outside of Opaque for offline consumption.
- Improve performance with expanded access to analytic tools. By enabling granular audit of users and data activity, Opaque makes it easy for organizations to provide assurances that information can securely travel across environments and systems it might not otherwise be permitted to reach. As a result, end-users can ingest and analyze their most sensitive data using a broad array of collaboration and analytic tools, whether desktop, web-based, or cloud-based. Each Opaque virtual environment can be preloaded with the applications needed for an individual data analyst to perform his or her work and since each environment is isolated, owners are granted administrative rights to their virtual environments enabling them to safely configure instances on-demand.
- Increase data transparency and accountability. By increasing transparency into where and how data is being shared, organizations can enhance trust and ensure they are safeguarding private information while providing the defensible audit of data to ensure regulatory compliance or third-party audits.
For more information, please contact Kris Schroeder, CEO at Grey Market Labs.