The Genesis of IDtorney
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The concepts underlying IDtorney’s novel business model are end-to-end encryption, zero-trust security models and the foundational principles of attorney-client representation that have been around for centuries.
Déodat had 20 years of experience in compliance, audit and anti-corruption in the highly regulated financial markets when this journey began. His expertise dealing with complex regulated environments became the key to creating better cybersecurity in today’s complicated and ever evolving online ecosystem.
What if cutting-edge cybersecurity protocols were layered with the protections offered by the legal profession, protections that have proven effective since ancient Greece ? It soon became clear to Deodat that the highly regulated legal profession, with requirements such as auditing, client confidentiality and mandated professional liability insurance, had something to offer that even the most sophisticated cybersecurity technology could not achieve.
Combining zero trust principles and end-to-end encryption, Deodat set on a mission to create an off-the-shelf enterprise-ready suite of products that pushed encryption keys to their limits. But encryption keys have one undeniable flaw: users are the single most dangerous point of failure in the protection and custody of their own encryption keys. And technology alone has proven useless in preventing users from losing their encryption keys...
What if users could yield their control to someone who had a fiduciary duty to keep their encryption keys safe while being unable to profit from the encrypted values? Lawyers, for centuries, have represented their clients’ interests and kept their secrets safe while having no claim to the disputed assets. The agency relationship of the lawyer might be the human missing piece of the encryption conundrum.
Building off this hypothesis, IDtorney LAW was created, along with its two affiliates, IDtorney Tech Inc. and IDtorney Capital LP. Designed from zero trust security principles and the client-attorney relationship, IDtorney LAW’s suite of products and services provide a novel and definitive solution to managing trade secrets. These capabilities merged with the ability of modern archiving systems to store log files in a format that cannot be altered resulted in a high-value audit chain that can monitor the protected state of any secrets in real-time.
The combination of those two ideas seem to provide endless opportunities. For the public, IDtorney provides a secure platform to host digital secrets and protect high-value targets, whether private or corporate, online identity and secrets. For the legal profession, IDtorney creates a new business model for corporate lawyers interested in offering better privacy and cybersecurity tools to their clients. Attorneys from around the world can add IDtorney’s cybersecurity solutions to their portfolio of corporate services.
Given the rise in cybersecurity attacks and the ever increasing amount of data collected on individuals, the public and corporations are in dire need of flexible cybersecurity solutions. The strength of IDtorney is to understand the limits of the technology and graft the necessary human element - the attorney-client relationship - where technology fails. This transparent approach rooted in values mutually beneficial to all parties opens a new path of truth that can be relied upon. Innovative contractual cyber-undertakings can now foster new economics activities. What was previously fragile is now resilient. An example? The management of the Master Seeds key in the Blockchain world comes to mind. But all digital secrets are equally treated and taken out of fringe boundaries into mainstream readiness.
With IDtorney, no more lost encryption keys or weakly protected corporate digital assets are only the beginning. Entrusted with the gatekeeping duty to manage digital secrets and their access rights, corporate digital lawyers will be in a position to help their clients manage their trade secrets in all situations. And everything will be sealed by the professional secret.
The rest, they say, is history.
The founder behind IDtorney
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In 2018, Déodat started IDtorney with one premiss: encryption keys and cyber-secrets which are crucial to the very existence of any digital life have one undeniable flaw: users are the single most dangerous point of failure in the protection and custody of their own digital secrets.
And one hypothesis: what if cutting-edge cybersecurity protocols designed for the custody of those digital secrets were layered with the protections offered by the legal profession, protections that have proven effective since ancient Greece?
Technologist, he is a fervent adept of legal engineering to innovate new concepts of "privacy by design". He typically combines unexpected paths by mixing legal concepts with advanced encryption and cybersecurity protocols.
IDtorney soon became a group that included IDtorney Law, IDtorney Tech Inc. and IDtorney Capital LP. All three interacting to provide the missing links to users who are struggling to control their own digital life: secure computing environments, password-free tools, multi-level authentication and access to blockchain technologies with sovereign identity.
Everything is fair play to level the playing-field of the user with its tech. The only limit is the user's own speed and tolerance to absorb the best technological innovations made by the industry and ready for adoption.
> The aspiration? deliver the most advanced formula ever offered to the public as to the control of their digital identity.
> The anticipated result? a cyber-secure ecosystem for users and a new industry of Digital Citizenship Gatekeepers entrusted with the duty to manage their client’s digital secrets and access rights. In short, a new wave of digital lawyers now in a position to help their clients manage their trade secrets in all situations. … with everything being sealed by the professional secret.
Up to 2017, he cumulated 20 years of experience in international finance, brokerage and trading technologies specific to modern securities markets. He spent nearly 17 years as Chief Compliance Officer for all the operating Montréal entities of the Pictet Group, a Swiss Bank headquartered in Geneva.
An entrepreneur at heart, in 1995, he was already the youngest independent trader on the Montreal Stock Exchange trading via technical analysis his own portfolio of options on securities contracts and equities.
Déodat Lê, a member of the Quebec Bar since 1997, has 20 years of experience in compliance and anti-corruption in the highly regulated financial markets. His expertise dealing with complex regulated environments became the key to creating better cybersecurity in today’s complicated and ever evolving online ecosystem.
With IDtorney Group, he focuses on improving everyone's control over their Digital Identities.
Always pushing for the most modern best practices and trends to foster new levels of cyber-trust, it's all about creating and preserving value.
By nurturing the right ingredients, he hopes to create virtuous loops and pillars to reinforce societal models that value individual rights and everyone's fundamental need to evolve privately with the freedom to act, work, think and behave.