A data security having parsing and dispersion aspects enables the user to parse, disperse and reconstruct the original, plain text data or data object, thereby enabling secure storage of the data. The original data may be maintained in its original state, encrypted or it may be destroyed. For example, financial data maintained by an institute, stored as is customary, be parsed with an algorithm, the parsed segments dispersed off-site (that is, separated and stored in extract and remainder stores or computer memories) and away from the financial institute, and, upon appropriate security clearance, the dispersed data can be reconstructed to duplicate the data. Large distribution of parsed data is contemplated by the system. The original data remains stable, operable and immediately useful in its customary storage location (or alternatively destroyed). The secured dispersed data is a back-up of the original data.