Encryption is the one control that can absolutely minimize risks and costs from incidents while providing protection for data. Yet, largely owing to a misperception that implementing it will slow down operations, many firms are reluctant to get on board. This in spite of the fact that encryption has become less cumbersome to use and costs have decreased – not to mention that a number of regulations now require it. While many retain a bias against it fearing complexity, encryption has, in fact, become more of an embedded capability, and it's done in a much more efficient fashion than it was in the past.
The experts we spoke to for this new ebook agree that when deciding what data must be encrypted, it's a question of classifying it by level of importance. They also agree that it's important to think always of protecting the company's brand. For this reason, they counsel not just relying on encryption technology, but making it a selling point as part of a brand's public face.