Home » OEM/Channel/Distribution » Keevo in Partnership With Iron Mountain Keevo in Partnership With Iron Mountain To protect crypto currency users and their heirs This is a Press Release edited by StorageNewsletter.com on July 7, 2020 at 2:20 pm
Keevo (BitKey Technogies, Inc.), in crypto hardware wallet, announced a partnership with Iron Mountain, Inc.to deliver backup and beneficiary services for users of its next gen crypto wallet, the Keevo Model 1.
This partnership and service further its mission to provide security, simplicity, and privacy for users to manage their online identity and digital assets.
The Keevo Model 1 offers security to keep users’ private information secure along with a sleek design and interface that makes it simple for users to manage their crypto currencies like Bitcoin.
At the heart of Keevo’s breakthrough in security and convenience is its patent-pending multi-factor/multi-signature authentication system which allows users to backup and restore their private information without having to entrust any third-party custodian or write down and manage paper seed phrases common to almost every other crypto wallet.Instead, Keevo users encrypt and store their unique biometric data (e.g., a fingerprint) and passwords on a Keevo backup device called a Carbon Key.
Subscribers of Keevo’s secure beneficiary and storage service can also designate an heir and allow them to encrypt and store their own private data on individual Carbon Keys that will then be stored and secured in an Iron Mountain storage facility.This way, a user can securely transfer private keys for their digital assets to their heirs without having to reveal any of their own private information (i.e.usernames, passwords, private keys, seed phrases, etc) in the process.
This one-of-a-kind crypto beneficiary service provides Keevo owners security, complete privacy and convenience and peace of mind ensuring their heirs can inherit their digital assets.
With more than 42,000 data management customers, more than 1,480 facilities and 120EB in storage in approximately 50 countries, Iron Mountain is a partner to launch this new service.
Upon receiving a subscriber’s Carbon Key, Keevo and Iron Mountain will: Store users’ physical Carbon Keys in a geo-dispersed, temperature-controlled and secured Iron Mountain vault Create a digital backup of users’ encrypted information Securely store that backup in an air-gapped storage facility Provide 24/7 security and end-to-end chain of custody controls Offer users convenient retrieval and re-storage options
“ This new strategic partnership is a significant validation and step forward in achieving our goal of breaking the compromise between security and simplicity.Together with Iron Mountain’s global footprint, world-class data management services, and enterprise-grade, secure storage capabilities, Keevo customers will gain unrivaled privacy, convenience, and security for their digital assets, ” said Henry Vogel, founder and chairman, Keevo.
“ We’re very excited about this new partnership with Keevo, ” said Tom Fetters, VP data management, Iron Mountain.
“ This innovative solution for crypto currency investors showcases the importance of protecting valuable assets for gens, something Iron Mountain has specialized in for decades.“
According to CypherTrace, Inc., over $4 billion worth of crypto currency was stolen by hackers in 1H19.And, crypto currency thefts, scams, and fraud worldwide were up exponentially from only $1.2 billion in the first 3 months of 2019 and just $1.7 billion in all of 2018.Billions more in value have been lost by crypto-currency owners who have taken their private information to their graves or have lost their wallets, private keys or seed phrases.
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