Three ways Encryption-as-a-Service can help enterprise security
As cyber threats grow, companies need to look for innovative ways to protect data constantly; Encryption-as-a-Service offers many of the required benefits
When specialists in cybersecurity talk about the barriers to preventing or remedying data leaks and cyberattacks, there is always the mention of encryption technologies. The idea behind it is simple: you basically turn sensitive information into impenetrable code and, in case it leaks, nobody will be able to read it.
Of course, just as cybercrime becomes more complex and advanced, so do our protective barriers, including cryptography and its applications. There are, however, some misconceptions regarding the difficulties of working with encryption and encrypted data. For example, if databases are stored in cloud service providers, users have to forward their decryption keys to the provider upon request or allow them to keep the keys on their end.
This defeats the purpose of encryption itself and creates a vast, vulnerable spot for hackers and malware. Encryption-as-a-Service (EaaS) comes in at this point to help companies secure their assets.
One of the main benefits of EaaS is that it makes the technology easier to use, as Vaultree's co-founder Maxim Dressler explains. "A security leader with basic knowledge might be able to run the software and secure an entire infrastructure", he explains. However, security leaders should consider other important factors when deciding if encryption as a service can help secure their assets.
Encryption reduces liabilities and strengthens workflows
EaaS can be a crucial and straightforward barrier against cybercrime. This is because data is kept encrypted at all times by using it. So even in case of hacks or leaks, information will not be in plaintext, that is, it won't be readable.
"With a solid security framework that includes being encrypted end-to-end, security teams can trust their data is safe", Dressler says. This saves money, especially when considering the rising costs of ransomware attacks, and time, freeing teams and leaders to focus on other operations. Workflows, then, become more efficient.
There are growing scaling needs to be addressed
EaaS can bring much-needed modernisation to networks and databases. Deterministic encryption or encryption at rest, basically older standard encryption methods, require decrypting data in the cloud or database to read, write, or even use the search functionality, especially complex searches, but also computations of any sort.
That leaves gaps in security that only grow as products are scaled up. At the same time, some less than ideal encryption approaches can even slow down network performance and are definitely not usable when dealing with large amounts of data or users.
EaaS protects companies from the highest risk: human error
Some of the most significant ransomware attacks in the world started with a simple human mistake. When the Colonial Pipeline was targeted and its data held for ransom, hackers accessed the system using a compromised password. It didn't help that the company wasn't using multi-factor authentication tools. Hackers always explore the possibility of human error, and cybersecurity professionals constantly need to change their tactics to prevent attacks.
"It's an endless game of cat and mouse", sums up Dressler. "EaaS can bridge the security gap caused by human psychology, becoming preventative instead of reactive and exceeding current security standards", he adds.
Companies can use several tools and techniques to create a peace of mind that only being preemptive brings. Cryptography solutions, especially quick, scalable products that allow for searches while remaining end-to-end encrypted, are the best way to protect data. Vaultree's solution brings precisely that peace of mind to security leaders.
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