Rising security concern to elevate the global encryption software market

22-May-2017 | Zion Market Research

Encryption is a process that protects information by modifying plain text into a secret message-format at the time of transmission. This process employs mathematical algorithms that modify the data into a scribbled format, which can only be recovered utilizing a cipher. The power of an encryption code is evaluated by its extent, which is calculated by the number of bits employed in the process. The main objective of encryption software is to decrypt and encrypt information, which also comprise functions such as shredding.

Nowadays, the rising cases and incidences of cyber attack, cyber theft, as well as identity theft have resulted in the increased use of encryption software thus towering the global encryption software market. Since encryption converts all the data into scribbled format, even if the data is lost, the hacker has no profit as he does not have the key to decrypt the data. Hence, it is necessary to encrypt the data. According to a survey conducted in the U.S., it was found that 90% of people that suffered from an online attack did not have their data encrypted. This indicates the level of importance of encrypting the data. If you are encrypting your data, here are some tips that you can follow:

  1. Encrypt information on transportable media in spite of the fact that how far it is going. Most of data loss via theft happens on the original premises, not while on the road.
  2. Do not encrypt your sole copy of information. Always keep more than one copy of your data. For instance, if you want to transfer a pdf from XYZ Company, save the pdf directly to the flash drive in encrypted format. You can recover the unique pdf from XYZ Company.
  3. Do not forget your password. The majority of latest encryption tools cannot be reverse engineered; if you failed to remember your password, the data is useless. This is the basis for the above point.

The global encryption software market for now is on fire due to the current conditions and rising digitalization. Hope that you have understood the importance of encrypting data.

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