Data breaches are on the rise with the financial sector being the primary target for hackers.
The number of U.S. data breaches of private and sensitive information in 2017 reached a record high of 1,632, up 49% from 2016 of 1,093 reported data breaches.
Of the overall data breaches in 2017, the financial sector led at 45%.
Customers are forced to store their data with companies, individuals and banks in order to do business with them. This is typically bank accounts, credit card numbers, ID’s, addresses and Social Security Numbers.
No one would ever store their wallet in cloud storage but that is what you are essentially doing with digital currency exchanges. You can lose your hardware wallet or phone containing your digital wallet and cold storage is inconvenient.
With game changing transmission technology, ConnectX brings a new approach to storing financial information, digital currency wallets and private keys in a network of small satellites.
Phase 1 (Secure): Customers will download the ConnectX mobile app allowing secure access to our servers over the Internet. They will then be able to store their wallets. The mobile app uses current state of the art security.
Phase 2 (More Secure): ConnectX will release a hardware device that will communicate with our secure servers using the ConnectX-VPN transmission technology. This eliminates the use of the Internet.
Phase 3 (Most Secure): ConnectX will launch satellites which will store your digital currency wallets. The hardware device will use the same ConnectX-VPN transmission technology directly connecting to our satellites. This not only eliminates the use of the Internet but your wallet cannot be physically accessed.