It’s important that we offer features that are seamlessly built into our product so customers who want or need an end-to-end solution can safeguard their confidential information without compromising their user experience. We know security is a top priority for our customers. The combination of Boxcryptor’s leading encryption capabilities and Dropbox’s easy-to-use product, with our already robust security features, will help us better meet our customers’ evolving needs. Today, we’re excited to share that we’ve signed an agreement to acquire several key assets from Boxcryptor, a provider of end-to-end “zero-knowledge” encryption for cloud storage services. To that end, we’ve heard from our customers that encrypted file storage is increasingly valuable to them and their teams, and there’s heightened demand for built-in functionality and features to support this in the Dropbox experience. According to Ernst & Young’s 2021 Global Information Security Survey 1, more than three in four (77%) respondents warn that they have seen an increase in the number of disruptive attacks following the Covid-19 pandemic. In today’s distributed work landscape, our customers and their teams are facing new security risks. At Dropbox, ensuring our customers’ content is secure is a top priority, and we’ve invested heavily in security programs that keep customer data safe.
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