March 24th, 2022 Read Time: 5 minutes
Jessica is a content writer with more than 8 years of experience covering SaaS and the tech industry. She has worked with both B2B and B2C publications across North America, Europe, and APAC and currently writes about IT Solutions or Electric.
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As a business leader, you know the importance of protecting sensitive information from hackers, identity thieves, and other threat actors. These criminals target unsuspecting businesses every day, compromising or stealing sensitive data such as customer details, financial records, intellectual property, and more.
Data is the world’s most valuable (and vulnerable) resource. It can either make or break your business, depending on how well you manage and use it. To combat the associated threats, organizations must encrypt sensitive data at rest and in transit. But what exactly is encryption, and why is it important to your business?
Encryption is the process of converting data into an unreadable format using mathematical algorithms. In simple terms, this means that when someone tries to read encrypted data, they won’t be able to interpret what it says. The only way to decrypt the data is through a key – a secret number used to convert the encrypted data back into its original form.
Encryption occurs between two parties: the sender and the recipient. When sending sensitive data over public networks, such as the internet, both parties must ensure the data remains secure. For example, the sender and receiver can share a unique code called an asymmetric key. Once the sender generates the key, they send it to the receiver, who uses it to decrypt the data.
Without encryption, your sensitive data could be vulnerable to attack. For instance, if you store credit card numbers on a server, anyone with physical access to the server could potentially steal those numbers. If your website gets hacked, malicious software could capture the credit card numbers stored in your database.
To further understand the need to implement strong encryption practices across your organization, we’ve listed the various types of encryption, and why they matter, below.
File encryption ensures that your files remain safe while in storage or transit. Here is why file encryption software is important:
As mentioned above, encryption helps prevent unauthorized access to data. But it also protects against other threats. For example:
Email encryption helps ensure that your sensitive email messages stay private. Here are some reasons why you should consider using email encryption:
End-to-end encryption (E2EE) is a feature that ensures that no one besides the sender and receiver have access to your messages. E2EE uses public-key cryptography, which involves two keys. One key belongs to you, and the other to the person you want to communicate with. Once you’re done sending the message, you destroy the key used to encrypt the message. This prevents anyone else from reading the message except for the intended recipient.
Here are a few reasons why you should consider end-to-end encryption:
Protecting sensitive company data is key to your business’s success. Using encryption ensures you remain compliant with consumer protection laws, prevents costly cyber attacks, and protects your brand reputation. At Electric, we’re proud to offer unparalleled cybersecurity support. Contact us today to learn more about protecting your business.