Mobile data vault

A portable electronic device comprising:

• a user interface module that processes files associated with a user, the data interface module receives and validates a password from the user of the portable electronic device before the user is allowed access to files processed by the data interface module;
• an encryption key processor that forms an encryption key upon validation of the password, the encryption key further comprising the password, a hard coded private string and a serial number of the portable electronic device;
• and
• a data storage area that stores files received from the data interface module the stored files are encrypted using the encryption key and where neither the encryption key or the password are stored in an unencrypted format anyplace within the portable electronic device.

A computer program within a non-transitory computer readable medium of a portable electronic device, the computer readable medium executing on a processor of the portable device to perform a set of steps comprising:

• validating a password from the user of the portable electronic device;
• forming an encryption key upon validation of the password, the encryption key further comprising the password, a hard coded private string and a serial number of the portable electronic device;
• and
• unlocking a data storage area using the encryption key, the data storage area stores files exchanged with the remote server through the data interface module, the stored files are encrypted using the encryption key and where neither the encryption key or the password are stored in an unencrypted format anyplace within the portable electronic device.