Cloud cybersecurity firm Spinbackup boosts data security via blockchain

Fillmore Street from Broadway Street. This shot also shows the rest of Fillmore street from Broadway to Marina Blvd. Spinbackup is located at 1426 Fillmore Street, Suite 300,

San Francisco, California-based Spinbackup, a Google Cloud partner and leading cloud cybersecurity and cloud-to-cloud backup solutions provider for SaaS data, announced in a press release CoinReport received the approaching launch of its blockchain-based solutions for cloud-stored data and single sign-on access.

The firm’s goal is to deliver the safest environment for data by substituting passwords with a blockchain recording process and carrying data to a decentralized storage utilizing blockchain technology.

Almost 2 billion data records were stolen or lost the world over in 2017’s first six months, deteriorating consumer trust in current data storage and security procedures. Hackers gain unauthorized access to accounts via progressively advanced phishing attacks, making you lose your significant data entirely. Spinbackup says its solution fights at both fronts by creating a password-free login via blockchain, and by automatically backing up data on decentralized storage.

Spinbackup founder & CEO Dmitry Dontsov said in the release we received, “Spinbackup removes the human factor for data security to fully automate data protection, and adding blockchain technology allows us to provide an extra level of security.

“This level of protection is unparalleled in a cybersecurity community, and we look forward to earning the blockchain community’s support as we continually enhance our service.”

The Spinbackup token sale takes place this month, with the firm issuing utility tokens called SPIN Tokens. These tokens will grant access to the SPIN Data Protection Platform that will comprise a set of data loss and leak security solutions available for token holders only. Registered platform users may utilize these solutions with a 50% discount, or may also resell them to conventional cloud users.

Spinbackup has thousands of customers who depend on the firm’s solutions to protect their data, including the University of Tokyo, Gurnick Academy of Medical Arts, Seattle Academy and several others.

Image credit – Public domain image by Goodshoped35110s