“No business can risk data fall into the wrong hands.”
In this digital era, enterprises store valuable data over different channels than ever before.
If the data is lost or stolen, then the effects of it can be devastating for the business, especially the healthcare sector that keeps sensitive medical and personal records of the patients.
To protect data and networks, today’s data management practices must include an encryption strategy, both now and for the future.
At its most basic, encryption encodes text or file to make it readable by specific people only, and therefore, protects critical information from being stolen.
But then, how effective is encryption? Can it keep your data safe?
Here are five advantages you should take into account before you begin implementing encryption technology:
#1 Keeps data secure
Encryption covers your organization’s sensitive information. If you are covered, you can make it harder for unauthorized users from accessing that data.
In December of 2018, there were 264,049 healthcare records exposed due to unauthorized access. This is not the only incident.
There are many other data breach incidents that have happened due to lost drive, unauthorized access or IT hacking, and more.
Now, what if the data was encrypted? The data would not have been exposed.
So, implementing encryption is a wise choice to make sure the drives, files and important data stay safe.
Data security is not the only advantage encryption has. Let’s explore more benefits.
Read details in a report by Forrester.
#2 Secures data across a variety of devices
Today most customers keep their data across different devices. Luckily, modern encryption technology allows companies to ensure that data across all the devices stay completely encrypted and safe.
To address your wide range of business requirements, there are companies who provide free or paid encryption services.
You may go for full hard disk or file and data encryption, or even a complete data services built-in encryption to eliminate the risk of penetration from unwanted users.
Depending on your requirements, go through all the available options and choose the most appropriate one for you.
#3 Helps you meet regulations
Certain data security policies require businesses to have encryption technology implemented depending on their industry. You may be fined if you don’t comply with the rules.
In the Payment Card Industry, for example, there are strict guidelines to use encryption to protect cardholder data.
Other than this, in the healthcare industry, HIPAA (Health Insurance Portability and Accountability Act of 1996) regulations have strict guidelines to protect the medical records of individuals as well as their personal health information.
Every business somewhere requires appropriate measures to safeguard the privacy of sensitive information. Thus, encryption is highly recommended.
If you fall under the industry that mandates encryption, you must be aware of the high cost associated with data breach notification.
It is important that you follow the rules as these incidents might impact your organization’s reputation which will draw out people from doing business with you, and ultimately, slow down your company’s profits.
#4 Maintains data integrity
Cyberattacks are becoming more prevalent these days. Attackers just don’t steal sensitive information, but also benefit from changing the content of a website to commit fraud.
Many cases have been reported where the hacker asked for ransom or posted obscene content on the website. This affects the brand image of organizations of all sizes.
To prevent such attacks, encryption should be adopted as it maintains and assures the integrity of data to protect from outside tampering.
Also Read: Do you still need a Dedicated Backup Server?
Organizations should take their responsibility seriously to secure sensitive information entrusted to them.
Organizations need to secure backups of stored information to a centralized system that complies with government encryption protocols and regulatory requirements. Acronis – a cloud-based backup and disaster recovery solution, can automatically encrypt your files throughout the backup process.
#5 Encryption increases trust
Even the industries that do not fall under mandatory data encryption regulations, go for encryption technology implementation to publicize that they take privacy seriously.
Accenture recently surveyed 8,300 organizations across 22 countries and reported that 90% of respondents prioritize data security and create strict security measures to protect data.
Another report by Gartner said that 95% of CIOs understand the risk involved with customer data and implement proper security methods to provide privacy to their customers.
These statistics show that taking a customer’s responsibility solidifies an organization’s reputation. So, confidential data must be protected at all times via the latest encryption technologies.
Do not compromise with your data, act now!
All that said, we believe that protecting data by default is extremely important to deal with data sharing and privacy challenges.
Organizations should plan and invest in security as there are plenty of reasons to do so.
With data encryption, you won’t have to think about the expensive setup to train resources. Read all the points above and plan on how to proceed with data security accordingly.
Read details in a report by Forrester.
Find out how to improve your organization’s security via LiveChat.
Barkha, the Business Intelligence head, manages organizational workflow, analyzes company’s strategies and refines them. Strategic Consulting, including sales strategies, are her major expertise, and intelligent BI tools are her best friends. She is the bonding force of our team, who plans and regulates each and every step we take.