©TechSpeed Inc Data Security solutions December 2008 Protecting your investment.

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Presentation transcript:

©TechSpeed Inc Data Security solutions December 2008 Protecting your investment

2©TechSpeed IncAgendaAgenda Industry: Situation Analysis TechSpeed Inc. Who we are, What we do How TechSpeed can help you

3©TechSpeed Inc Industry Analysis The Internet connects an estimated 820 million computers in 260 countries on every continent Since 2005, more than 215 million records of U.S. residents have been exposed due to security breaches, costing businesses a staggering $37 Billion dollars Source: Privacy Rights Clearinghouse Ponemon Institute Survey: 2007 (ITRC) Total Data Breaches By Industry

4©TechSpeed Inc Industry Analysis The total per incident data breach cost increased 43% since 2005 to an average of $6.3 million Cost of lost business accelerates. Lost business now accounts for 65% of data breach costs compared to 54% in % Average Cost of Data Breach (Per record) Average Cost of Data Breach (Per record) +71% Data Breach Cost by Center (Per record) Data Breach Cost by Center (Per record) Source: Ponemon Institute LLC Source: Ponemon Institute Survey 2007: 2007, three year average cost $172

5©TechSpeed Inc The number of confirmed data breaches for 2008 has already totaled 570, with records exposed totaling 41,355,511 costing businesses an estimated $7 Billion Source of Data Breaches Industry Analysis Source: Ponemon Institute Survey: 2007

6©TechSpeed Inc Increasing incidents where third party (outsourcer, consultant) is responsible is growing At the same time, the difference in cost for a data breach based on responsibility has become increasingly larger 2005 Third Party Share of Data Breaches Third Party Data Breach Cost Source: Ponemon Institute Survey: 2007 Industry Analysis + 39 %

7©TechSpeed Inc TechSpeed Inc. Who we are –Founded by Richard and Rekha Plainfield in Portland, Oregon in 2002, TechSpeed now employs more than 150 people and services clients across the globe What we value –Combining a commitment to innovation, quality, reliability and customer service, TechSpeed collaborates with clients to help them realize industry leading Data Security solutions What we do –TechSpeed Inc. provides offshore technology enhanced data entry and BPO solutions Why are we here –Launch of innovative new patent pending Data Security technology Image fracture

8©TechSpeed Inc How does ImageFracture work? More than 608 enterprise security professionals, 80% of enterprises said protecting data was more important in 2007, and 72% admitted they needed a better strategy TechSpeed launched a new division - Image fracture to bring you a new innovation leap in data security Source: SearchSecurity.com 2007

9©TechSpeed Inc Product Features Prevents disclosure of sensitive information Includes data encryption and authentication Built in FTP for transferring files on internet Compliant with Windows operating systems User friendly interface with Point & Click navigation Multi level password protection Automated image data fracture and reassembly Customizable application setting to best fit varied business needs 100% 3 rd Party Secure In the wake of concerns around data security we are proud to present a reliable software solution

10©TechSpeed Inc Our Service Promise TechSpeed provides: –Personalized service –Local project management –Dedication to total client satisfaction –Pride in our successes –Passion about our work

11©TechSpeed Inc Our Partners Image fracture Security software is suited for data security needs across many industries Banking: Merrill Lynch Retail: Home Depot Manufacturing: NummiSocial Care: American Red Cross Healthcare: CHWS Social Care: Special Olympics

12©TechSpeed Inc Assessing your risk Your industry security challenges: –Safely maintaining credit card numbers, social security numbers, names and home addresses of donors –Security, archiving, storage, and backup of the valuable donor data –Subcontractors present data privacy risks to your donors –Tightly managing access when data entering confidential information –Process simplification to manage multiple parameter security challenges –Effective fraud management when processing online credit applications In 2008, a data breach at LPL Financial #5 (US) exposed 10,219 records Projected cost for this data breach for LPL Financial #5 (US) was $1,699,134 Source: ITRC Breach Stats Report

13©TechSpeed Inc How we can help you How is TechSpeed and Image fracture uniquely qualified to help your business? Need to enter thousands of personal records having investment information from variety of documents such as stocks, bonds, mutual funds Need to minimize data entry costs Personal information of donors and conservation action network members requires highest level of security Situation Eliminate risks of hackers intercepting data being transferred Technology enhanced data entry solutions and globally competitive pricing Protect privacy by blocking fields such as signatures and personal information Solution

14©TechSpeed Inc Schedule appointment with your organization We are eager to discuss the data security needs of your company. Phone: (503) , Fax: (503) Toll Free: (USA and Canada) or

©TechSpeed Inc Appendix

16©TechSpeed Inc Richard Plainfield Richard Plainfield is President, Director Sales & Marketing and Co- Founder of TechSpeed Inc. Mr. Plainfield is the former President of Plainfield Software, which was founded in With over 30 years of IT experience including R&D, testing, systems management and hardware development, Mr Plainfield has been awarded multiple patents for his innovative designs. Mr. Plainfield leverages his experience to oversee both the sales and marketing divisions thus ensuring TechSpeed’s continued customer commitment to quality, reliability and service. Beyond the IT industry, Richard has founded several successful enterprises including granite imports, Plainfield’s branded tea, rare Indian art imports and a fine dining restaurant that further enhance a life time of business successes. Mr. Plainfield attended University of Oregon and Evergreen State College and currently makes his home with wife and daughter in Portland, OR.

17©TechSpeed Inc Vidya Plainfield After several successful years in the Consumer Packaged Goods industry, Vidya Plainfield joins her family as the Director of Strategy and Planning for TechSpeed Inc. In this role Ms Plainfield is responsible for new venture strategy formulation and execution including business intelligence research and analysis. She also serves as primary liaison between sales & operations, providing business planning and processes for strategic initiatives and tools. Prior to joining TechSpeed Inc., Ms Plainfield worked for Gillette and Campbell Soup Company. Previous roles with these organizations included supply chain manufacturing & planning, global warehousing & transportation, network optimization, sales planning, sales strategies and shopper insights. She has worked for such notable brands as Gillette, Braun, Oral-b, Rembrandt, Campbell’s Select & Condensed soups, SpaghettiO’s, V8 Beverages and others. Vidya earned her Bachelors of Science Degree in Business Strategies from Babson College and is currently enrolled in the MBA program at Villanova University.