MongoDB Announces General Availability Of End-To-End Data Encryption Technology
Portfolio Pulse from Happy Mohamed
MongoDB, Inc. (NASDAQ:MDB) has announced the general availability of MongoDB Queryable Encryption, a technology that enables end-to-end data encryption. The technology reduces the risk of data exposure and improves developer productivity by providing built-in encryption capabilities for sensitive application workflows. The technology was developed by the MongoDB Cryptography Research Group and is open source. It can be used with AWS Key Management Service, Microsoft Azure Key Vault, Google Cloud Key Management Service, and other KMIP-compliant services.
August 15, 2023 | 3:30 pm
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The release of MongoDB Queryable Encryption could potentially increase MongoDB's attractiveness to organizations with strict data privacy requirements, potentially leading to increased usage and revenue.
The release of MongoDB Queryable Encryption, a first-of-its-kind technology, could make MongoDB more attractive to organizations that need to meet strict data privacy requirements. This could lead to increased usage of MongoDB's services, potentially driving up its revenue and positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
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