|[January 29, 2014]
DriveSavers Now Recovers Lost Money, Successfully Retrieves Bitcoins
NOVATO, Calif. --(Business Wire)--
Experts at DriveSavers
Data Recovery have been recovering valuable data for more than 27
years. As such, DriveSavers sees new types of challenges nearly every
day and is constantly evolving to keep pace with the ever-changing
A recent evolution in the field of data recovery involves bitcoins, a
peer-to-peer digital currency system that's gained popularity and value
since being introduced in 2009.
Senior Enterprise Recovery Engineer Chris Bross (News - Alert) said at least six people
have called for consultations about bitcoin data loss in the past month.
"In some cases, professional data recovery can be a relatively expensive
process," said Bross. "When bitcoins are at stake, the value of the
recovery makes it even more worthwhile."
Starting out in 2009 at a mere $0.30 per bitcoin, the virtual currency
is now worth more than $800 per bitcoin, with an overall value increase
of more than 2,000 percent in less than five years. Car dealerships,
casinos, grocery stores, restaurants and other businesses such as
Overstock.com and Virgin Airlines will be accepting the new currency in
2014. Bitcoins can also be traded for US dollars (or other currency)
through a dedicated bitcoin
Once bitcoins are obtained, either through exchange via a recognized
company or by way of "mining", they can be stored in an online virtual
wallet. Security oncerns sometimes deter people from storing their
bitcoins online, choosing instead to store something potentially worth
thousands of US dollars on a personal computer.
A recent bitcoin recovery by DriveSavers involved a customer that had
mined his bitcoins independently and allowed their value to increase
while they were being stored on his Microsoft (News - Alert) Surface Pro. His
investment in bitcoin mining was so successful he was able to purchase a
home and furnish it solely with his bitcoin-generated income.
There was just one problem - the tablet containing the bitcoins wasn't
backed up. When the customer performed a number of steps that led to
data loss; he compounded the problem by functionally disabling the
computer's ability to boot up. Due to the type and amount of logical
damage, DriveSavers developed new proprietary technology to access the
data, resulting in a 10-day recovery time rather than the average time
of 1-2 days.
"Interestingly, the market value of the customer's bitcoin investment
had more than doubled within the time span of our data recovery
process," said Bross.
To protect digital wallets and prevent any kind of data loss, Bross
says, "It's important to remember the three rules of safe computing:
Encrypt, secure and backup!"
About DriveSavers Data Recovery (News - Alert)
Data Recovery, the worldwide leader in data recovery, provides the
fastest, most reliable and only certified secure data recovery and eDiscovery
service in the industry. All of the company's services meet
security protocols for financial, legal, corporate and healthcare
industries and it is the only company that posts proof of its annual SOC
2 Type II Audit and HIPAA
data security and privacy compliance. DriveSavers adheres to US
Government security protocols, the Gramm-Leach-Bliley Act Data Security
Rule (GLBA), the Data-At-Rest mandate (DAR) and the Sarbanes-Oxley Act
(SOX). DriveSavers engineers are trained and certified in all leading
encryption and forensic technologies and operate a Certified
ISO Class 5 Cleanroom. Customers include: Bank of America, Google (News - Alert),
Lucasfilm, NASA, Harvard University, St. Jude Children's Research
Hospital, US Army and Sandia National Laboratories.
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