Business

Benefits Of Better Encryption Key Management in Business

Whether you are a professional or a business of any size, and your data is stored on-premise, or in the cloud, there is an encryption solution to suit your needs. Unfortunately, when data collection and big data analytics exploded into the tech scene, security and encryption took a back seat. But in a world where data breaches are rampant, from device theft to exploiting vulnerabilities to opening AWS bins exposed to the world, businesses of all sizes now need to train and use better encryption key management tools.

In the event that the company does not have a solid practice of encryption and security, it is now exposed not only to potential cyber-attacks but also to the theft of data on the organization or its customers. This also results in heavy fines for non-compliance with legislation (including the data protection regulations), financial losses, and serious damage to its image. This is why it is important to manage encryption key better, which can help different types of business users, from small businesses to large enterprises.

Let’s see how better encryption key management benefits a business.

Cryptographic protection of data and storage on systems

The encrypted data will be protected during storage on individual devices or servers dedicated to storage. This secures information when individual systems are breached or if personal devices are stolen.

On the endpoint, in fact, it is possible to enable cryptographic technologies that make the device unusable and make useless any attempt to extract the storage resource from the device to attempt data recovery.

Data encryption in cloud storage

We cannot consider cloud infrastructures secure regardless and immune from possible attacks. Furthermore, to complicate the scenario, there is a condition of promiscuity in which corporate data is managed by the cloud manager: the same system offers services to multiple customers, sharing infrastructures and resources. Therefore, good isolation between the various instances is, therefore, a must, and even in this situation, data encryption key management can offer excellent advantages.

Security with encryption in data transfer

We have so far considered static data retention conditions and the relative advantages linked to the use of cryptography, but even in the transfer phases, the adoption of these technologies can be an indisputable advantage. In this way, organizations can protect themselves from possible information theft through targeted and man-in-the-middle attacks.

Smart working, VPN, and data encryption

VPN connections provide for the connection of the remote terminal with a server dedicated to this service, or more generally to a manager, and the consequent creation of a tunnel inside which each data transfer is subjected to encryption. In this way, even the use of public networks, therefore not dedicated and manned with other technologies, can be considered sufficiently secure.

Conclusion: The encryption key management function is to administer the storage, backup, filing, and protection of encryption keys. Good management of encryption keys is extremely important. A professional like Keyfactor can assist you in efficiently managing your current encryption method by following the best practices and finding the right balance between security and ease of use so that your data encryption will not be compromised.

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