Business leaders taking encryption seriously
Corporate websites and databases have long been attractive targets for cybercriminals looking to gain access to sensitive company information. Businesses have frequently turned to encryption processes, among other measures, to keep critical data from getting into the hands of hackers. For instance, corporations have used SSL certificates for years to encrypt sensitive data such as payment card information being transmitted across their websites. According to a recent study, corporations are focusing more attention on their encryption strategies than ever before. The Ponemon Institute's "Global Encryption Trends Study" surveyed more than 4,000 business and IT managers across several nations, finding that the utilization of encryption techniques has risen over the last eight years.
The study found that business managers have increasingly adopted more sophisticated encryption solutions. For the first time since the annual report was first published in 2005, they had gained more influence than IT or security professionals in setting corporate encryption strategies. According to the study, the sophistication of encryption solutions used by a company was an indicator of the strength of its overall security protocols, as those businesses were more aware of the threat unprotected data posed to their operations.
Infosecurity Magazine recently reviewed the report and found that the increase in encryption adoption rates could be attributed to the rising risk of data breaches. Among the top priorities cited by survey respondents, the protection of data used across business applications was ranked near the top. Business to business communications and data transfers can be a massive target for cyberthieves looking to steal sensitive corporate information or financial records. It is imperative that companies implement encryption protocols to protect in-transit data belonging to clients or business partners as well as their own information.
Keep your in-transit data encrypted by installing an SSL certificate today.