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February 2016

Business Data, Inc. Brings Secure Cloud Technology to Client Financial Institutions, Joins Forces with Virtual StrongBox, Inc. on File Exchange & Storage Solution

2016-11-01T11:29:47+00:00February 10th, 2016|

Charlotte, NC and Inglewood, CA (Feb. 9, 2016) – Business Data, Inc., which provides outsource delivery solutions for Web, Print/Mail and Archive, has partnered with Virtual Strongbox, Inc., an expert in financial data security, to jointly develop, market and deploy secure online document and file exchange solutions for BDI’s clients.

Virtual StrongBox’s patented encryption-at-rest data technology solutions are regulatory-compliant and remove financial institutions’ number one barrier to transitioning to the cloud. Financial institutions provide their customers with private, secure space in online “safe-deposit boxes” – branded as My Virtual StrongBox – where they can store important documents like deeds and wills. Only […]

January 2016

Taking an Electronic Bite out of TRID Compliance Costs

2016-11-01T11:29:47+00:00January 12th, 2016|

Ron Daly, President/CEO
Virtual StrongBox, Inc.
Source:
https://www.cbinsight.com/68679.html

We’re lucky today. There are so many ways that technology takes the hassle out of daily life. With a few finger taps, we can buy airline tickets, check the weather, settle a bet, pay bills, and control lights and thermostats from anywhere. So, why do we still perform antiquated bank processes that cost everyone time and money? More to the point, how long will our customers put up with it?

Pushing paper costs time and money

Take mortgage lending, for example. For consumers, buying a home is one of the most paper-intensive processes they face. We know […]

To Your Battle Stations: Protect Member Data

2016-11-01T11:29:47+00:00January 12th, 2016|

Ron Daly, President/CEO
Virtual StrongBox, Inc.
Source:
http://www.cutoday.info/THE-tude/To-Your-Battle-Stations-Protect-Member-Data

In military circles, they talk a lot about being “combat-ready” – words we don’t usually associate with our industry. But it’s time to take this term to heart, equipping our credit unions and training our members to defeat online thieves.

Just this year we’ve seen a billion-dollar, multi-bank cyberheist, three health insurance breaches, major hacks into military and government, and the list goes on. How did they get away with it? Improperly handled data transfer to a non-accredited data center, unencrypted health care data and employees duped into phishing schemes, to name a few. In every […]

December 2015

Seeing Yesterday Clearly

2016-11-01T11:29:47+00:00December 7th, 2015|

By Ron Daly, President/CEO
Virtual StrongBox

Remember the old saw about hindsight being 20/20? Or, as filmmaker Billy Wilder put it, “Hindsight is an exact science.”

Yes, when something goes wrong, we generally know what we should have done … looking back. But people aren’t especially good at predicting the future. That’s why Hong Kong-based Deep Knowledge Ventures elected VITAL – a computer algorithm – to its board of directors last year. “VITAL” helps the company avoid pitfalls mere humans may have missed.

So, here’s my question: Do we need an algorithm to tell us there will be more and bigger cyberattacks on banks and […]

July 2015

Reaching Millennials: AKA “Generation Leaky”

2016-11-01T11:29:47+00:00July 28th, 2015|

By Ron Daly, President/CEO
Virtual StrongBox

Everybody’s talking about Millennials. Ask any marketing professional, and you’ll be told Millennials are the target audience.Pick up a B2B magazine, and there they are. And in the banking industry, where the average customer’s age is about 50, discussions center on how vital these 18-34 year olds are to your institution’s long-term survival.

Of course, banks have always been more or less available to young adults; they just weren’t a very lucrative demographic. There were plenty of more profitable accounts to service, and it wasn’t that easy to change banks. Now, that’s changed. The 80-million-strong Millennials have money […]

May 2015

U.S. Patent & Trademark Office Grants Virtual StrongBox Exclusive Rights to its Secure File-Capture and Encryption-at-Rest Technology

2016-11-01T11:29:47+00:00May 4th, 2015|


 

New, patented process has raised the bar on online data and document security


Charlotte, NC. (May 7, 2015) – Technology innovation firm Virtual StrongBox, Inc. is shaking up traditional financial institution security protocols with its announcement that it received U.S. Patent No. 9,003,183 for its secure storage system and file encryption method for safeguarding data at rest.

That’s big news, given the growing epidemic of data breaches. With glaring headlines everyday about cyber criminals stealing millions of victims’ personally identifiable information (PII), Company President/CEO Ron Daly says he was tired of hearing about one compromised system after […]

Virtual StrongBox Initiative Places Patented Technology Inside Online Banking

2016-11-01T11:29:47+00:00May 1st, 2015|


Virtual Strongbox joins with Financial Technology provider CU*Answers to open user access to 1.7 million consumers


Charlotte, NC. (May 1, 2015) – Virtual StrongBox, Inc. announced today an agreement with financial technology provider CU*Answers that will provide nearly 2 million consumers to access My Virtual StrongBox via the provider’s online banking. Virtual StrongBox, Inc. is known for protecting personal data the “financial institution way” and provides banks, credit unions and other financial organizations a host of automated file exchange and file storage services

Through a five-year shared strategic initiative, CU*Answers will license the solution and invest in Virtual StrongBox, […]

February 2015

Life’s Major Changes up the Ante for Online Document Storage

2016-11-01T11:29:47+00:00February 26th, 2015|

By Ron Daly, President/CEO
Virtual StrongBox

It’s been said that the only sure bets are death and taxes. But there’s another fact of life for that list: Change. Life is dynamic – both challenging and delightful. Major events occur throughout our lives, bringing big changes with them: a first job, marriage, the birth of a child, kids’ milestones, retirement from a long career. And usually, critical documents accompany these changes: birth certificates, marriage licenses, insurance policies, tax papers, wills – important papers that need safekeeping.

Life changes present excellent opportunities for your bank to shine as your customers’ primary financial institution.

Playing the odds

Take data […]

How are You Handling Customers’ Emergency Moments?

2016-11-01T11:29:47+00:00February 26th, 2015|

By Ron Daly, President/CEO
Virtual StrongBox

HERNDON, VA – The Financial Brand published an article this week discussing the “moment of truth” in customer service experience: when a customer is facing an emergency and needs an interaction with their financial institution to be “seamless.”

The article dives into the emergency response of your frontline staff, but have you ever considered how your virtual branch can help your customers during their “moment of truth” encounter with you? Let’s say your customer is stuck in an airport because of terrible weather and they receive a call that their child slipped on a piece of ice […]

StrongBox Encryption Technology Receives Patent

2016-09-17T07:51:46+00:00February 25th, 2015|

HERNDON, VA – Virtual StrongBox (VSB) received its first patent in January, 2015.  The first patent to be issued to Virtual StrongBox by the United States Patent and Trademark Office (“USPTO”) relates to our process for capturing files from the SSL stream and saving them to our service, maintaining file protection throughout the process of loading files to the service. At no point in time are end-user files left unprotected.

This now patented process is part of our complete suite of total information privacy protection that includes industry standard encryption at rest, industry standard service enrollment and access, and SSAE 16 audited […]