Five Business Benefits Of Using Data Encryption - Galaxkey (2024)

Organisations employing traditional IT security measures like detection systems and firewalls are always seeking greater protection for company data. From external threats like hackers to internal issues with staff, safeguarding data at rest – in storage or transit – is a tall order for most security solutions available. To answer these problems, many businesses are now considering using data encryption as the next level of security.

Ideal for enterprises transferring substantial quantities of data who need to keep their data safely protected, encryption solutions like those used by the Galaxkey secure platform are highly effective and user-friendly. Whether you are operating an SME or a large-scale organisation, data breaches can seriously affect your business and an encryption platform can be a valuable tool for numerous reasons, including the following five:

1. Total data protection

A comprehensive encryption solution offers enterprises complete peace of mind as it safeguards data whether in transit or at rest. While perimeter security options such as firewalls can render data difficult to access externally, your company information is left vulnerable if not encrypted should a network be infiltrated. With an encryption solution in force, you can be sure your raw data is safe even if a breach occurs. Opting for encryption can also act as a deterrent to cybercriminals who are more likely to target data that is easier to decode.

2. Keeping compliant

There are a raft of compliance rules to which IT professionals safeguarding data must adhere. High-quality encryption software can offer a simple way to ensure your business is always working in accordance with all data protection legislation.

3. Secure data transfer

Data is often at its most vulnerable when on the move. A complete encryption solution will protect confidential information at every stage of its journey, and ensure any files or documents uploaded to the cloud or internal storage hub always remain safe from data loss or theft.

4. Maintaining data integrity

A recent tactic used by hackers is to penetrate an organisations data and alter or encrypt it for ransom. The organisation is denied access to vital data unless they pay the cybercriminals, but encryption will ensure your data cannot be tampered with.

5. Protection over multiple devices

The modern workplace has seen an increase in the usage of mobile devices and security professionals have struggled to find a suitable option to safeguard data sent and stored on them. With data encryption software, businesses can make certain all company data across all devices used is fully encrypted with the same high security levels seen for sensitive information on personal computers. Device authentication can also be implemented, negating any risk of unauthorised access.

Cutting-edge encryption for all your business needs

At Galaxkey we have developed a secure platform for enterprises featuring state-of-the-art encryption that ensure your communications, files and documents are protected in all states. Allowing seamless and safe collaboration, our easy-to-use security system employs three-layer encryption based on the onion model, regarded as the benchmark standard by the US government. Contact us today for an online demonstration.

Five Business Benefits Of Using Data Encryption - Galaxkey (2024)

FAQs

What are the benefits of using data encryption? ›

The top advantages of using data encryption
  • Maintain data privacy. One of the primary advantages of data encryption is its ability to maintain data privacy. ...
  • Maintain data integrity. ...
  • Avoid compliance issues and regulatory fines. ...
  • Protect your remote workforce. ...
  • Increase customer trust.
Sep 19, 2023

What are two benefits of data encryption in Pega? ›

Data encryption approaches
Encryption approachBenefits
Property-levelEncrypts properties in and outside the database. (Specifically, in the clipboard, logs, search indexes, and reports.) You can encrypt properties that are optimized for reporting if the property type is Text.
1 more row

Why do businesses use encryption? ›

The encryption of data in companies prevents information leaks and mitigates the cost of its impact. It is one of the best security solutions to protect sensitive information, but you must know what documents to encrypt and how to implement it effectively.

How is encryption useful to an e business? ›

Encryption Keeps Sensitive Data Safe

Basically, if it can be shared or stored, it will be encrypted. Both organizations and individual users would benefit from keeping on top of encryption standards to ensure that both their personal and professional data is safe from misuse or compromise.

What are the benefits and drawbacks of encryption? ›

There are two forms of encryption—symmetrical and asymmetrical—but several types of encryption as well as different algorithms to aid the encryption process. The benefits of encryption include increased security and privacy, but a disadvantage is this system requires detailed planning and maintenance.

What are the 2 types of data encryption? ›

There are two types of encryption in widespread use today: symmetric and asymmetric encryption. The name derives from whether or not the same key is used for encryption and decryption.

What is the main benefit of encryption of a hard drive? ›

Data on an encrypted hard drive cannot be read by anyone who does not have access to the appropriate key or password. This can help prevent access to data by unauthorized persons and provides a layer of security against hackers and other online threats.

What is data encryption in business? ›

Encryption can be a challenging concept to grasp, but it's a critical aspect of protecting your business's sensitive data. At a basic level, encryption is the process of scrambling text (called ciphertext) to render it unreadable to unauthorized users.

What are the three purposes of encryption? ›

Importance of data encryption

Encryption is used for securing devices such as smartphones and personal computers, for protecting financial transactions such as making a bank deposit and buying an item from an online retailer, and for making sure messages such as email and texts are private.

How many businesses use encryption? ›

In 2021, according to survey respondents worldwide, nearly 60 percent indicated that encryption was extensively employed on their company's backup and archives. By contrast, only 35 percent had encryption technologies extensively deployed on their emails.

What is an example of data encryption? ›

Example. A woman wants to send her boyfriend a personal text, so she encrypts it using specialized software that scrambles the data into what appears to be unreadable gibberish. She then sends the message out, and her boyfriend, in turn, uses the correct decryption to translate it.

What are two key benefits of using a Pega Industry Foundation data model? ›

Pega offers industry data models for Healthcare, Communications and Media, Life Sciences, Insurance, and Financial Services. Instead of building data classes yourself, you can map the system of record properties to the data class and properties of the industry data model.

What are the two important aspects of encryption? ›

The two important aspects of encryption are to verify that the contents of the message have not been altered and that the source is authentic.

What are the 2 types of encryption and which one is better to be used? ›

While AES is a symmetric algorithm designed for rapid data encryption and decryption, RSA is an asymmetric method used primarily for secure key exchange and digital signatures. In certain scenarios, one may outperform the other, making the choice between AES and RSA crucial for optimal security and efficiency.

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