HACKENSACK, N.J., Aug. 27, 2025 (GLOBE NEWSWIRE) -- As UK and EU lawmakers reconsider policies to grant law enforcement and investigative agencies (such as Europol) access to encrypted data—often referred to as “lawful access”—Paperclip Inc. is joining a growing chorus of data security experts and privacy advocates warning against the unintended consequences of encryption backdoors. While acknowledging the importance of public safety and the need for law enforcement to investigate criminal activity hidden w ...

Core Insights - Paperclip Inc. emphasizes that its encryption-in-use technology could have mitigated the impact of the recent Allianz Life Insurance data breach, which affected over 1.4 million U.S. customers [1][4]. Group 1: Allianz Breach Context - Allianz Life Insurance experienced a significant data breach on July 16, 2025, due to a social engineering attack targeting a third-party cloud-based CRM system, leading to the exposure of personally identifiable information (PII) [2]. - The breach involved the extraction of sensitive data such as names, addresses, dates of birth, Social Security numbers, and policy identifiers, increasing the risk of identity theft and fraud for millions [2]. - Although Allianz has not confirmed the specific CRM platform involved, sources suggest that Salesforce was likely targeted based on threat actor activity and technical evidence [3]. Group 2: Paperclip SAFE Technology - Paperclip SAFE® employs encryption-in-use technology, which secures data even while it is being processed or searched, unlike traditional encryption methods [4][5]. - The technology combines shredded data with strong encryption architecture, ensuring that sensitive information remains unintelligible throughout its lifecycle [4]. - Paperclip SAFE's Machine Learning surveillance could have halted data export after the first thousand records, potentially reducing the breach's impact [4]. Group 3: Industry Implications - Encryption-in-use is becoming a new standard for data protection, as in-use data is a primary target for cyber threats globally [5]. - Paperclip SAFE is designed to comply with various regulatory frameworks, including GDPR and NYDFS 500, and is rapidly being adopted by major life insurance providers in the U.S. [6][12]. - The technology's zero-trust design protects data across vendor ecosystems, ensuring that third-party environments cannot expose sensitive information [9].

Company Overview - Paperclip has appointed Heather Lowrie, a seasoned cybersecurity strategist and former CISO, to its SAFE Advisory Committee to enhance its encryption solution [1][3] - Paperclip is recognized as a technology partner that revolutionizes data security and document management for Fortune 1,000 companies, processing sensitive content securely [6] Industry Impact - Lowrie brings over 25 years of experience in cybersecurity, technology, risk, and resilience, aiming to advance Paperclip SAFE in the international cybersecurity market [2][4] - The SAFE solution is designed to secure all points within the data lifecycle, with nine of the ten top life insurance carriers in the U.S. currently utilizing it [7] Strategic Goals - The collaboration with Lowrie is expected to refine Paperclip's go-to-market strategy and elevate the adoption of encryption-in-use across the data security landscape [3][4] - Lowrie's expertise will contribute to thought leadership in cybersecurity and participation in key industry events [3]