Benefits of using Encryption Technology for Data Protection
Last Updated : 03 Jan, 2022
Benefits of using Encryption Technology for Data Protection
Table of Contents
As data breaches continue to make headlines, more companies are turning to encryption solutions to protect their important assets while they are in transit and at rest.
What is Data Encryption and How Does It Work?
Data encryption is the process of converting data into a different form or coding so that only those with the correct decryption key may access it (or password). Encrypted data, often known as ciphertext, is one of the most common and widely used types of data security. Even if you have a data breach involving ciphertext, the attackers will not be able to read the information.
Data Encryption Types That Are Common
The term “asymmetric encryption” refers to the fact that keys arrive in pairs. This means you have two keys, one of which encrypts and the other of which decrypts. The keys are frequently interchangeable, however, this is not always true.
What are the impacts of data quality, safety, and encryption?
Data Security Benefits of Using Encryption Technology
Here are five easy reasons why implementing a portfolio of encryption technologies can benefit your company:
- Encryption is a low-cost solution.
Encryption technology is built into almost every gadget and operating system we use today. Microsoft Windows, for example, includes a tool called BitLocker that can encrypt entire volumes on your hard drive.
Encryption features are integrated into iPhones and Android phones, and there are a plethora of encryption tools available for free download. LastPass, a freemium password manager that keeps encrypted passwords online, HTTPS Everywhere, a browser extension that makes web browsing more secure, and TunnelBear, a virtual private network (VPN) that is free until usage surpasses a 500MB per month limit, are just a few examples.
- Regulatory Fines Can Be Avoided With Encryption
Although there are no clear requirements for encrypting data in rules such as the GDPR, “security measures and safeguards” must be used to protect the privacy of data subjects – presuming they are EU nationals. HIPAA (Health Insurance Portability and Accountability Act of 1996), for example, requires that confidential information be encrypted. As a result, if a portable device or drive containing unencrypted ePHI is lost or stolen, the entity in charge of the data could face penalties.
- Encryption Can Assist in the Safety of Remote Workers
According to Shredit research, 86 percent of C-level executives believe that when employees work remotely, the danger of a data breach is higher. This is unsurprising, given that many remote workers keep sensitive information on their devices, and organizations have little control over how this information is used.
“Two in five respondents stated they, or someone they know, have misplaced or stolen a device in a public location,” according to a survey by information security firm Imation, and many do not utilize encryption. To prevent cybercriminals from capturing unsecured public Wi-Fi connections and spreading malware, all confidential data should be encrypted, and remote workers should use a virtual private network (VPN).
- Data Integrity is Improved by Encryption
While encryption can not ensure the integrity of our data at rest, it can be used to check the integrity of our backups because data is always changing. We can also maintain the integrity of our data in transit by employing digital signatures. This will prevent hackers from intercepting conversations and tampering with data, as the recipient will be able to readily check for it.
- Consumer Trust Can Be Boosted by Encryption
As previously stated, encryption is not a legal requirement for the majority of businesses. Businesses, on the other hand, may want to use encryption to establish customer trust. 53 percent of respondents said they were more concerned about online privacy now than a year ago, according to a recent survey. Given the recent erosion of trust, publicizing the fact that your company complies with particular encryption standards could give you a competitive edge.
Encryption’s Negative Effects
While encryption has several advantages, it also has several disadvantages that you should consider before implementing it. Encrypting all of your data files, for example, may make them safer, but it will make it nearly impossible for your staff to complete any work.
Employees use file systems to constantly create, move, alter, copy, and share data (in spreadsheets, documents, ppts, and other formats) that they are working on at the time. Adding encryption to this could result in a disorganized and difficult-to-manage work environment.While encryption can not ensure the integrity of our data at rest, it can be used to check the integrity of our backup because data is always changing. We can also maintain the integrity of our data in transit by employing digital signatures. This will prevent hackers from intercepting conversations and tampering with data, as recipients will be able to readily check for it.
Businesses on the other hand want to use encryption to establish customer trust. While encryption has a number of advantages, it also has a number of disadvantages that you should consider before implementing it. Encrypting all your personal data files. Employees use file systems to constantly create, move, copy and share data that are working on at a certain time. Adding encryption to this can result in a disorganized and difficult to manage in a work environment.
While encryption can not ensure the integrity of our data that are at rest, it can be used to check the integrity of our backpacks because data is always changing. We can also maintain the integrity of our important data transit by employing digital signatures. It will prevent hackers from intercepting conversations and tampering with data, as the recipient will be able to readily check it for you.
Given the recent erosion of trust, publicizing the fact that your company can comply with particular encryption standards can give you a competitive edge. It will prevent hackers from intercepting
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