New Enterprise Version of SafeMonk Offers Cure to Corporate Phobia of Dropbox Security

BALTIMORE, Oct. 8, 2013 /PRNewswire/ -- SafeNet, Inc. today announced the availability of the enterprise version of its encryption solution designed specifically for users of the file-sharing service Dropbox. Back in June, SafeMonk rolled out the consumer version of the product - the only tapproof Dropbox security solution on the market.

"SafeMonk for Enterprise enables CIOs, CTOs, CSOs, and other IT policy enforcers to say 'yes' to using Dropbox within their organizations," said Chris Holland, Chief Monk, SafeMonk. "Organizations that use SafeMonk for Enterprise can take advantage of the simplicity and functionality of Dropbox while also keeping their sensitive data secure and under control."

According to 451 Research Senior Analyst of Enterprise Security, Javvad Malik, "More common than trying to replace supposedly consumer-based collaboration systems is an attempt to learn how to coexist with them. If an enterprise has 10,000 Box or Dropbox instances that have grown without official approval, there is little real likelihood of them going away. So, as the maxim goes, if you can't beat them, join them."

Like the consumer version, SafeMonk for Enterprise is also tapproof, meaning that neither SafeMonk nor Dropbox can see the keys used to encrypt or decrypt the files within SafeMonk. The keys stored on SafeMonk servers are encrypted with users' private and local keys, so in the event of a system breach, SafeMonk user keys are protected and the files are not viewable.

With SafeMonk for Enterprise, companies can choose to revoke keys by user or file share. When access to the keys is removed, the data is rendered useless, giving the enterprise complete access control to the sensitive data everywhere Dropbox places it. Additionally, SafeMonk for Enterprise administration console and logging capabilities provide IT staff with records of activity that can be accessed for compliance reporting and monitored for red flags.

To use SafeMonk for Enterprise, the IT administrator simply creates an Enterprise SafeMonk account and provisions the appropriate employee accounts. Once the application downloads to the employee's PC or other device, an encrypted SafeMonk folder is seamlessly created in Dropbox. The SafeMonk folder can be used like any other folder within Dropbox, with the addition that all the content inside is tapproof. SafeMonk for Enterprise allows IT administrators to monitor and track shares with other Dropbox users; provision and de-provision access based on employee status; and revoke access to users, folders, and/or devices—allowing them to maintain internal and external policies around data governance.

To sign up for SafeMonk for Enterprise, visit www.safemonk.com/enterprise_info. Watch the video SafeMonk For Enterprise. Dropbox + Security Made Simple.

About SafeMonk
SafeMonk was created by SafeNet Labs, a technology incubator founded in 2012 by data protection provider, SafeNet, Inc. SafeNet Labs is dedicated to developing next-generation solutions to solve some of the biggest problems facing information security. SafeMonk combines tapproof security with simplicity that doesn't break Dropbox.

About SafeNet
Founded in 1983, SafeNet, Inc. is one of the largest information security companies in the world, and is trusted to protect the most sensitive data for market-leading organizations around the globe. SafeNet's data-centric approach focuses on the protection of high-value information throughout its lifecycle, from the data center to the cloud. More than 25,000 customers across commercial enterprises and government agencies trust SafeNet to protect and control access to sensitive data, manage risk, ensure compliance, and secure virtual and cloud environments.

Contact: Amanda Curtis
443-327-1276 or [email protected]

Video with caption: "SafeNet presents SafeMonk for Enterprise Organizations. Dropbox + Security made simple." Video available at: http://youtu.be/rItFaAW-Gms

SOURCE SafeNet, Inc.