Going forward, it plans to continue serving other cloud storage providers outside of just Dropbox, which has led to some confusion on the terms of the acquisition. Boxcryptor’s technology will ensure the data is protected during transport and confidential documents are safe in the cloud.įounded in 2011, Boxcryptor protects data across a number of partners, including Dropbox, Google Drive, OneDrive, and Sharepoint. As privacy becomes increasingly important to both the individual internet user and global enterprise giants, strong security protections like end-to-end encryption might become standard.įor medium and global enterprise organizations using Dropbox, however, this airtight encryption is incredibly important. They’re willing to abandon platforms or websites that threaten their data privacy, and 64% of consumers believe the government should step in to regulate big tech’s use of data. While it might not be mission-critical for the everyday consumer to share family photos, 84% of Americans are still concerned about how much data they give to tech companies and what businesses, in turn, do with their data. Dropbox Acquires Boxcryptor To Bring End-to-End Encryption to Users An integration with Boxcryptor’s leading cloud encryption technology will offer a new standard of “zero knowledge” encryption, meaning the user is the only person who will have complete control and access over who sees their data and files. However, Dropbox itself does have viewing access to information that is passed through its platform. Boxcryptor says Dropbox will use its proprietary IP to integrate natively into Dropbox, providing end-to-end encryption for its users.ĭropbox offers standard privacy and security protection from cyberattacks for its 700 million users, who generate the company $1.91 billion in revenue. While financial info wasn’t disclosed, this deep investment from an industry leader like Dropbox signals a growing concern around data privacy and protection. In some of the latest tech merger and acquisition news, cloud-sharing giant, Dropbox, announced an acquisition of key technology assets from Boxcryptor, a German-based cloud security platform. Dropbox Acquires Boxcryptor for Increased Data Security and Protection.
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