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.

Dropbox cloud security