Encryption refers to the process of transforming readable data into an unreadable format. Or plainly stated as making plain text into ciphertext. The encryption process is a measure taken to protect sensitive information from being accessed by unauthorized individuals.
Encryption when used in business is often referred to as business process encryption. The main purpose for business process encryption is that authorized person is able to decrypt and interpret the data/messaging that was encrypted.
There are two types of business process encryption: symmetric and asymmetric. With symmetric encryption, a private key is used to encrypt and decrypt data. In contrast, asymmetric encryption utilizes two different keys that are used for the encryption and decryption process. The public key can be known by anyone, while the private key must be kept secret.
Encryption is a valuable tool to keep your data safe, utilize encryption in your business to better protect your company and business.
How does encryption work?
Encryption works by transforming plaintext into ciphertext using an algorithm and a key. The ciphertext can then only be decrypted with the same key used to encrypt it.
What are the benefits of encryption?
The main benefit of encryption is that it provides an extra layer of security for sensitive data, making it more difficult for unauthorized users to access or modify the information. Additionally, encryption helps ensure privacy and confidentiality, as well as integrity of data during transmission over networks.
Fun Fact:
"According to a 2018 study by Gemalto, 97% of organizations surveyed reported using encryption to protect their data and communications." (Gemalto, 2018)