Five Common Data Encryption Myths

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Myth #3: Enterprise Encryption Solutions Cost Too Much

There's a myth that data encryption and decryption systems will cost a company too much money. Business leaders only believe this erroneous assumption because they haven't considered how much a security breach would impact the bottom line.

Losing a device such as a laptop has greater consequences than the need to replace a computer. A firm could lose intellectual property if the data wasn't properly secured. And what if a hacker succeeds in stealing information? There could be high legal costs and regulatory penalties a business would have to pay as a result. In the long run, spending the money on a data encryption and decryption solution is far cheaper.

When it comes to the world of IT security, the saying "no news (read: a data breach) is good news" couldn't be more right. However, in a time when market giants across all industries are at risk of getting breached, the discussion has turned from finding ways to stop persistent hackers to finding ways to actually combat persistent hackers. These relentless individuals spend their days and nights scouring for ways to break into an organization and steal what matters most: data. Because it's no longer a matter of "if" but rather "when" a company will get hacked, it's time for end users to face the facts.

IT security experts can agree that it's essentially impossible to keep hackers out of your network and, as a result, enterprises must find a solution that will make coveted data inaccessible or better yet, completely useless. Enter data encryption. Encoding information in a way that only authorized parties can decipher leaves stolen data useless in the hands of an adversary.

Data encryption seems to be the logical choice when it comes to implementing a sound security strategy but there are still skeptics. Data security vendor WinMagic breaks down the five most common misperceptions that keep organizations from adopting encryption policies.

 

Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

 
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