Abstract: Secret sharing is the process of distributing a secret amongst a group of participants each of whom is allocated a share of the secret. This secret can be reconstructed only when a enough number of possibly different types of shares are combined together. Individual shares have no use here Steganography can applied on video files and hide the message in an encrypted format thus achieving a multiple cryptographic system. The most frequently used technique is Least Significant Bit steganography (LSB steganography). But instead of traditional LSB encoding a modified encoding technique which will first transform the video using a Lazy Lifting Wavelet transform and after that apply LSB in the sub-bands of the video that has been obtained.