Abstract: A method for providing improved personalized security mechanisms for transferring electronic data is disclosed. In an embodiment, the method comprises generating, at a client computer, a user key pair, wherein the user key pair comprises a user private key and a user public key; transmitting the user public key from the client computer to a server computer; receiving, at the client computer, from the server computer, a user account public key; generating a virtual memory stick (“VMS”) file and including, in the VMS file, one or more keys and one or more passphrases; encrypting the VMS file with a protection passphrase to generate an encrypted VMS file; and transmitting the encrypted VMS file to the server computer.