| | NOVEMBER - 2018ENTERPRISE SECURITY6NOVEMBER - 26 - 2018, Volume 04 - 14 Published by ValleyMedia, Inc. To subscribe to ENTERPRISE SECURITYVisit www.enterprisesecuritymag.com Copyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.NOVEMBER - 26 - 2018Managing EditorMichael BrownEditorial StaffAaron PierceAlex D'SouzaMithil VartakAva GarciaJoshua ParkerSarah FernandesVisualizersAsher BlakeRenukesh GangurENCRYPTION SPECIALSalesvincentvincent@enterprisesecuritymag.comContact Us:Phone:510.924.4116Fax:510-894-8405Email:sales@enterprisesecuritymag.comeditor@enterprisesecuritymag.commarketing@enterprisesecuritymag.comWith enterprises taking on the digital curve and moving towards cloud transformations, a lot of data is stored on the cloud with an active internet connection. This has made it inevitable for them to understand how they can keep this data free from the grasp of hackers. On the other hand, the number of data breaches and its effect on industries is increasing at alarming rates. A study by Ponemon Institute and Accenture has revealed that the average costs of a malware attack for enterprises is $2.4 million and the average time to resolve a malicious insiders attack is 50 days. By leveraging encryption, enterprises can make this data only "visible" to the people who need to view it by turning personal information into a code. This ensures that only authorized personnel have access to the data and even if unauthorized parties gain access, they are left with unintelligible information that is of no use for them. Recognizing the effectiveness of encryption in information security, U.S. Federal CIO, in a recent directive said, "Agencies should use the PIV credential as a means to encrypt information. Agencies shall encrypt Federal information at rest and in transit unless otherwise protected by alternative physical and logical safeguards." All these factors highlight the fact that encryption is one of the essential ways that can be employed by enterprises to safeguard their private information from infiltrators.Despite these advantages, many enterprises are still double-minded when it comes to encryption due to the complexities that come along with its implementation. For example, inspecting electronic data is critical when it comes to eDiscovery, Freedom of Information Act (FOIA) requests, and compliance investigations. In such cases, encrypted data needs to be decrypted before processing which amounts to the burden on the organization. Therefore, a comprehensive approach that would solve the complexities related to the implementation of encryption should be realized to ensure that its use is not limited.Write us your thoughts.Robust Security, the Way to Business SuccessEditorialMichael Brown Managing Editor michael@enterprisesecuritymag.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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