The Need for Data Security

The most shocking thing about the data loss just reported at HMRC is not so much that a couple of disks have been lost in transit as the apparent ease with which a huge amount of sensitive data could be accessed and downloaded to CD. Clearly HMRC culture does not recognise the importance of data security and there is a total and systematic lack of the proper procedures which should be in place. The good news (if it is fair to call it that) is to bring to the fore IT Security, another investment theme of mine and specifically a company based near Cambridge called nCipher. nCipher produce hardware modules for data encryption and the software to control who has the keys needed to unlock it. Although small nCipher is already a world leading business in this field with many blue chip clients and I expect is now receiving a lot of calls. http://www.ncipher.com/