Disclosed are systems, methods and computer program products for encryption of user data for storage on a remote network server. In one aspect, an example method includes collecting, by a software client, one or more sets of user authentication data from a user device; performing user authentication using one or more sets of user authentication data; when user authentication is successful, calculating a hash of at least one set of the user authentication data; generating an encryption key from the hash of the user authentication data; encrypting the user data using the generated encryption key; and transmitting the encrypted user data to the remote network server for storage.