Cybersecurity is an increasingly important consideration for businesses of all sizes. With strings of high-profile hacks on companies including Home Depot, Myspace, JP Morgan Chase, and even the U.S. Voter Database, consumers are more aware than ever of data security, and business owners should be too. Even small businesses have to integrate cybersecurity protection for credit cards, confidential information, and financial data to protect their earnings, customers, and brand reputation. Symantec, the brand behind the antivirus program Norton, showed that data theft incidents resulted in the loss of over 525 million personal records in 2015, and estimates that cyber crime is even more problematic in 2016.

Encryption is the tool that can help to protect business data from hackers, malware, and other threats.

What is Encryption?

Encryption protects information by scrambling it using an algorithm with an encryption key to create a secret code. It reduces vulnerabilities by securing data and preventing most hackers and thieves from using it. Most encryption programs create unique keys that prevent other programs from unscrambling the data. This helps ensure that if anyone steals the information, they cannot use it.

While no protection is 100%, encryption greatly reduces vulnerability as well as the potential for financial losses from a data leak. Using encryption also allows businesses to transfer data between trusted parties and devices, such as between offices, where it can be quickly decrypted using the software without compromising its security.

Protecting Company Data with Encryption

Encryption is a crucial element of cybersecurity because it protects businesses from data breaches and the financial, brand, and legal damages associated with losing confidential information. Investing in encryption for devices, networks, software, and passwords can save money over the long run by protecting company data, preventing legal and brand issues, and preserving the confidentiality of business information.

Encryption can:

  • Protect cloud storage from outside attacks
  • Hide operating systems and locations
  • Secure email and messages
  • Protect data transferred over the internet
  • Prevent the loss or theft of data on USB and external drives
  • Protect hard drives or prevent third parties from accessing them
  • Prevent password theft
  • Add extra security to cloud storage programs such as DropBox and Google Drive.

Using Threat Sketch for Cybersecurity Protection

Nearly 75% of all websites are vulnerable to hackers and data thieves, and those vulnerabilities are not fixable. However, they can be circumvented using the right cybersecurity protection. Unfortunately, most businesses don’t have the tools to identify risks and find solutions. That’s why Threat Sketch offers a comprehensive risk assessment to help businesses prepare for security issues by recognizing problems and recommending solutions.

Threat Sketch evaluates potential cyber threats and potential losses to help make prioritization, budgeting, and instigation of security measures easier.

Businesses are increasingly reliant on technology, and encryption is becoming more crucial for preventing cyber events and data theft. A risk assessment is a critical part of understanding your vulnerabilities, so that you can take the right actions to prevent issues from happening.

About the Author: Brandy Cross is a freelance writer specializing in technology and marketing solutions for SMBs, with experience writing for everyone from startups to Fortune 500s.