The traditional methods of data security cannot protect digital data from advanced cyber exploits. As the landscape of cybercrimes is expanding, these security approaches are mostly ineffective, and it is putting the organizations at significant risks. Corporate insistence on deploying advanced data security methods like data encryption helps businesses protect sensitive data from modern-day cybersecurity threats.
Encryption of data helps to secure large amounts of data from potential data theft. The global encryption software market size is forecasted to grow from USD 9.8billion in 2020 to USD 20.1billion by 2025, at a CAGR of 15.5% during 2020–2025. Cloud encryption software encodes data on cloud applications and devices. Each solution deploys robust encryption encoding/decoding of the data to protect it from the third party. Any unauthorized person will not intercept the data streams on the cloud services because of end-to-end data protection.
Data encryption software can be deployed at several physical points in the database of the companies. It provides a high level of stringent data security requirements against data breaches or leakage. There are various benefits that encryption can bring to your business. Here are five advantages to deploying data encryption software.
• Complete Data Protection
The sensitive data is encoded in the data encryption method. It can only be accessed or decrypted by a user with the correct encryption key. Any person or entity who accesses the encrypted data or ciphertext without permission will not understand this data.
Data encryption can be of two types, symmetric or asymmetric. In the symmetric data encryption method, the same key algorithm is used to encrypt and decrypt the data. Asymmetric encryption, however, uses two key algorithms, a public key and a private key. The public key helps encrypt the data, and the corresponding private key is used for decrypting the data. A strong data encryption solution can protect the organisation’s confidential data in case a data breach occurs. If a cybercriminal successfully breaches a network, the data encryption software will make it difficult for them to decode all of the information successfully. Only the authorized person who has access to the keys, passwords, and other information needed to encrypt or access data can sense the encrypted information to extract the raw data.
• Security Across Multiple Devices
Data security is required across various platforms and multiple channels. Since mobile phones have expanded rapidly in the past few years, an effective solution is required to keep the data on these devices safe from potential theft.
The implementation of data encryption software acts as a security tool to protect your data. It will ensure that the encryption tool works across all the devices efficiently. Data encryption can also protect you from liability. If your device is lost or stolen, and it was fully encrypted, it will protect the data against any unauthenticated extraction, and your organization will not have to report a data breach.
• Move Data Securely
To protect the data that is in transit, organizations can encrypt the sensitive data before moving. Additionally, they can also use encrypted connections (HTTPS, SSL, TLS, FTPS) to secure the data during the transportation process. To protect the data at rest, encrypting the sensitive files before storing them gives it enhanced protection. Encrypting the data that is shared or uploaded to cloud systems keeps it safe during transportation.
• Integrity Maintained
While storing, processing, or retrieving the data, maintaining the data accuracy and consistency is essential. Data integrity is a major concern of most organizations, whether big or small. Often, data security methods compromise the integrity of the data. However, the encryption process keeps your data safe from alterations, hence maintaining the overall accuracy, completeness, and consistency of data. Additionally, the recipients of the data will be able to identify if someone has tampered with the data.
• Ensure Compliance
IT sector needs to be compliant with the legal, insurance, and industry restrictions that control the access and transfer of data. Data Encryption software ensures that sensitive data is encrypted in a manner that enables organizations to meet enterprise business rules along with legal and governmental regulations. It allows the companies to comply with your industrial regulations, be it FIPS, FISMA, HIPAA, PCI/DSS, or Gramm-Leach Bliley.
Data encryption software ensures thorough security of the corporate data across various devices to send and receive data safely. It also keeps intact the integrity of the data whenever a file is accessed or shared. Data encryption software also ensures that the encrypted data is accurate and consistent with the original raw data. Hence, encryption plays a vital role in data protection and makes sure that the data is secure both in transit and at rest.