As the wireless network has limited bandwidth and insecure shared media, the data compression and encryption are very useful for the broadcasting transportation of big data in IoT (Internet of Things). However, the traditional techniques of compression and encryption are neither competent nor efficient. In order to solve this problem, this paper presents a combined parallel algorithm named “CZ algorithm” which can compress and encrypt the big data efficiently. CZ algorithm uses a parallel pipeline, mixes the coding of compression and encryption, and supports the data window up to 1 TB (or larger). Moreover, CZ algorithm can encrypt the big data as a chaotic cryptosystem which will not decrease the compression speed. Meanwhile, a shareware named “ComZip” is developed based on CZ algorithm. The experiment results show that ComZip in 64 b system can get better compression ratio than WinRAR and 7-zip, and it can be faster than 7-zip in the big data compression. In addition, ComZip encrypts the big data without extra consumption of computing resources.