The prevalence of shopping online has been becoming more and more popular year by year with the advent of companies such as Amazon, however, it is not uncommon to hear of instances where customer data is taken by identity thieves. For example, In 2016, Uber suffered a data breach where the individuals were able to download files that had the names and driver’s license numbers of around 600,000 drivers in the United States, as well as email addresses and the mobile phone numbers of Uber riders. In another notable incident, Target in 2013 suffered a data breach where hackers gained access to 40 million compromised accounts during the Black Friday shopping weekend, with the information stolen including customer names, credit or debit card numbers, the card’s expiration date and the CVV.
Incidents such as these, as well as the recent Equifax data breach, are on the minds of consumers, IT security personnel, and aspiring data thieves alike. If a more stringent form of digital security was used in any of these cases, such as a blockchain based system that we propose, it’s likely that the data of these customers would still be safe.
Using encryption is evidently not enough; We live in a world where hackers are getting more experienced and more clever every day. This is where we believe the blockchain can save the day. The Rozium team has theorized that by connecting account funds to an immutable and open ledger system, and by disassociating those funds from their known credit or debit source, via the “digital airlock”, we can prevent the removal, deletion or malicious use of customer or vendor data that is gained through a potential, if not eventual breach of the system.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.