If you are looking for French Hens or Golden Rings you won’t find them here. Reis Informatica is giving you the gift of tips and tricks to help keep your business safe and secure this holiday season. Check out this week’s tip below!
Data encryption can help secure your critical assets by translating the data into another form or code, therefore, protecting your assets and limiting those who can access your data without a password or encryption key. Because of this, it is considered one of the most widespread ways of improving your cyber security.
There are two types of data encryption. In asymmetric encryption, two interchangeable keys encrypt and decrypts data while symmetric encryption only has one key that requires the entities to exchange the key between them to proceed with the encryption and decryption process.
Now that we know more about data encryption. Here are five benefits of encrypting your data!
Cheap to Implement
Most devices and operating systems today come with a form of encryption technology. For example, your Apple device has an end-to-end encryption feature that encrypts all of your conversations thus making it hard to access without a password. In addition, there are free encryption applications available for downloads such as LastPass, HTTPS Everywhere, and TunnelBear.
Can Save you from Regulatory Fines
There are no specific requirements for data encryption for regulations such as the GDPR. However, safeguards must be put in place to protect the privacy of the data subjects. For example, if a device containing unencrypted data is lost or stolen the organization responsible will be subject to fines.
Can Help Protect Remote Workers
Many remote workers store unencrypted confidential assets on their devices. Therefore, companies have limited control over how their employees access and share data remotely. Based on a report by Shredit, C-level executives believe that there is a higher risk of a data breach (86%) when employees work remotely. Due to this, consider encrypting all of your data and have employees that work remotely use a virtual private network (VPN) to lower the risk of being a target for cyberattacks.
Increases the Integrity of Data
Encryption can verify the integrity of your data backups but it does not guarantee the integrity of data at rest because it is constantly changing. However, It can maintain the integrity of data in transit as it prevents hackers from tampering with the information. It also allows the receiver to check the data for any signs of tampering.
Can Increase Consumer Trust
Companies are not required to encrypt their data however, given the recent increase in cyberattacks using encryption can allow you to gain the trust of your consumers. Highlighting the fact that your company follows encryption standards can give you a competitive advantage.
Ensuring that your confidential assets are safe from any data breaches and cyber-attacks is important. Thus, data encryption can be beneficial for you and your company.
We hope all this festive cheer and advice is useful and can be used to ensure you get presents and not coal in the company stocking this year!
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