Strong encryption is a vital tool in your fight against hackers, and it's often your last line of defense against highly damaging data breaches. Even if you do fall victim to an attack, with the right encryption solutions in place, you can at least mitigate the damage by ensuring no one will be able to read any sensitive data.
This matters more than ever as, for most firms, it's a case of when, not if, they get breached. As many as 95% of enterprise networks have fallen victim to an external attack at least once, while insider threats remain a serious risk to many firms.
In January 2023 alone, more than 277.6 million data records around the world were compromised, while IBM calculates the average cost of a data breach as being $161 per record - rising to $180 for those containing personally identifiable information. It's therefore clear how important it is to ensure any data breaches don’t compromise sensitive details, which is where encryption is invaluable.