Why Are Encryption Important For Businesses?

Data security has become one of the major concerns in the digital world. Unfortunately, we live in an era where gathering information has become too easy for everyone; When we say for everyone, that includes fraudulent activists and hackers.

Seeing how data breaches have become a common occurrence in the digital society, the implementation of encryption in the organization has become important. There are a few core aspects of encryption, but today, we will discuss the basics of encryption and try to find why encryption is important for businesses.

What Is Encryption?

Encryption is a process of storing data to ensure that when data is being accessed, it can only be opened by users who have the authority or the right keys to open the document or data.

The key is numeric sequences that change the data at the time of encryption, and hence, it makes it unreadable without the keys. However, with the right keys, all the data is organized and allows the user to initiate the read and write function.

The encryption process is divided into two:

Asymmetric Encryption: In asymmetric encryption, the message goes through modification to protect it from unauthorized access. In this method, the same key is used to encrypt and decrypt the data.

Symmetric Encryption: Asymmetric encryption is more about public keys and private keys. These are two different keys that are used for encryption and encryption simulation.

The Importance Of Encryption To Your Business Security

While it might not be an exclusively required business practice, having an encryption strategy certainly helps your business with an additional data security layer. Although it is one of the simplest and effective methods to keep your data secure, it is woefully underutilized.

Here are the most influential reason that shows why your business need Encryption

1. Encryption Protect The Data On The Go

Protecting your data when it’s in your database is one thing, but protecting your data on the move and being transmitted is a daunting task. However, with data encryption, you can easily protect the data by allowing authorized users to access the data.

When your business is operated by processing all the information, data transmission is one factor that makes the data vulnerable to high risk. Transferring data from one system to another or from system to hand-held devices can expose your sensitive data to external threats.

2. Encryption Act Like The Last Line Defense

Most companies are so confident about their cybersecurity that they hardly care about encrypting data. But, frankly speaking, no matter how secure your data is, it always falls short on some occasions, especially when we are talking about Phishing and social engineering.

Once inside the network, attackers can use the sensitive data as they like, and your company would accrue a hefty loss before you get to know about the data breach. However, if that data is encrypted, this changes the whole game. Even if the attacker is in your system accessing your data, they would actually need the right key to access your data.

3. Encryption Helps With Compliance

With the digital market approach, today, no data is safe, and hence, data protection is no longer an option. Companies cannot carry on with the business, hoping that their business is not on the list of attackers.

After the European’s General Data Protection regulation, it has become necessary to meet the data security standard to get their business license.

Conclusion

As data breaches have become an everyday occurrence, organizations can no longer give it a blind eye. Instead, they have concluded that the modern industry needs modern solutions to keep the data safe and secure from online threats.

With that being said, there are many free solutions available for your business, making it one of the simplest steps to protect your data. However, if you want a more customized and tailor-made solution, you can go with subscription-based data security services.