Cyphre is excited to be a part of the Women’s Business Enterprise National Council Summit today through Thursday in Phoenix, Arizona. Lance Smith, President and CEO of Cyphre will present with Susie Galyardt, Founder and CEO of Xioss on how to protect enterprise data from cyberattacks through the use of encryption. If you aren’t able to join the presentation, taking place on Wednesday, March 23rd at the Summit, you can read about the content of Lance and Susie’s presentation in this blog.
The average cost of each cyberattack is $3.8 million dollars.
What most businesses do not realize is that 80% of enterprises experience a cybersecurity incident. The fact that less than 40% of enterprises conduct full vulnerability scans may have an influence on this staggering statistic. It is important to recognize that breaches come from internal and external threats that are often successfully hacking computers and systems through known techniques.
Cloud = collaboration = risk
Recent surveys report that 88% of enterprises are using public cloud storage. Public cloud solutions provide organizations scalability, agility, and flexibility, but they also need to maintain regulatory compliance, data security, and performance standards. Although the cloud is no longer limited to basic office functions, many enterprises are still reluctant to shift critical applications/functions without the proper data security protections.
Fighting Breaches with Encryption
Hardware-enabled cryptographic technologies have been developed to enable companies to collaborate while applying industry-specific privacy and security frameworks. It starts with hardware-encrypted “Black Keys” that add a layer of security on top of standard TLS (data in-flight) and AES (data at-rest) encryption. Hardware-encryption renders hijacked keys useless and offers a one-file/one-key approach to encrypt all data at-rest and in-flight. With this technology in place, regulated enterprises can be more confident in the protection of their cloud-based data.
Any company that wishes to stay up-to-date with cloud adoption has no other choice but to adapt. With new hardware-enabled encryption technologies, companies can do so with confidence in the protection of their cloud based data. They can protect their most valuable asset – data – while saving their business millions of dollars.