Encrypt – and protect – your business data

Encryption is an essential tool for securing the data that your company creates or collects. Data breaches pose a number of risks to businesses, ranging from loss of intellectual property or know-how to leakage of personal data. This can damage your reputation, result in hefty fines and threaten the future of your business.

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5 min read

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5 min read

What is encryption and what does it protect?

Encryption technology is widely used to protect financial transactions, for example, during internet banking and online shopping. In addition, encryption should be used to protect your company’s intellectual property, customer data and all personally identifiable information you hold or process within your company.

Many people are not aware that a lot of information is already protected by encryption technology. For example, online shopping and internet banking would not work without good encryption. Encryption is designed to protect money and personal information. As for the business environment, encryption should be used to protect your company’s intellectual property and know-how as well as the personal data you process within your company.

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Intellectual property and know-how can include the products or services created by your company. They can also be the methods you use to successfully sell those products, or the processes used to ensure that they function effectively throughout their life cycle. Similarly, they may include business and marketing plans for the next calendar year. All this information can be monetized or misused by a cyberattacker or thief.

Personal information that your company collects and processes may include information about your customers and employees. You are required by law to protect access to such data, as stipulated by the European Union's General Data Protection Regulation (GDPR).

Is your business compliant?

Make sure your company's security practices follow relevant compliance regulations.

PCI

Do you take credit cards?

GLBA

Do you handle financial transactions for customers?

HIPAA

Do you process healthcare data?

SOX

Are you a public company?

GDPR

Do you do any business in EU?

CCPA

PIPA

J-SOX

Required
Recommended, not required
Not recommended, not required

Is your business compliant?

Make sure your company's security practices follow relevant compliance regulations.

Required
Recommended, not required
Not recommended, not required
No mention

PCI

Do you take credit cards?

Antivirus + antimalware
Personal Firewall
Encryption
Two-factor authentication
Central management

 

GLBA

Do you handle financial transactions for customers?

Antivirus + antimalware
Personal Firewall
Encryption
Two-factor authentication
Central management

 

HIPAA

Do you process healthcare data?

Antivirus + antimalware
Personal Firewall
Encryption
Two-factor authentication
Central management

 

SOX

Are you a public company?

Antivirus + antimalware
Personal Firewall
Encryption
Two-factor authentication
Central management

 

GDPR

Do you do any business in EU?

Antivirus + antimalware
Personal Firewall
Encryption
Two-factor authentication
Central management

 

CCPA

Antivirus + antimalware
Personal Firewall
Encryption
Two-factor authentication
Central management

 

PIPA

Antivirus + antimalware
Personal Firewall
Encryption
Two-factor authentication
Central management

 

J-SOX

Antivirus + antimalware
Personal Firewall
Encryption
Two-factor authentication
Central management

CCPA and "reasonable security": Are you ready?

The CCPA may apply to you even if your business isn't California-based. Find out whether you're affected and assess your readiness with our interactive quiz and guide to CCPA security.

Data breaches affect businesses of all sizes

Many businesses believe that they are not vulnerable to cyberattacks or data breaches because of their small size and limited assets. Unfortunately, this is not the case: according to analysts IDC, small and medium-sized businesses are the victims of more than 70 percent of security breaches. The good news is that companies do not need to report cyberattacks unless personal data has been compromised or leaked.

Because of the false impression that other businesses do not face cyberattacks, companies may feel ashamed or fear negative attention if they report an attack.

However, experience shows that if affected companies cooperate, they tend to receive lower penalties. It also appears that if your company is not an internet giant, you are unlikely to get a maximum-level fine.

We recommend that organizations always observe the notification obligation, cooperate with the supervisory authorities and educate their employees on what personal data is and how it should be protected.

ESET encryption solutions

ESET Endpoint Encryption protects sensitive data on corporate devices by means of encryption. It provides encryption of files and folders, emails and attachments, removable media, virtual disks as well as the entire disk. It is easy to use, offers full remote control of encryption keys and requires no server for deployment. Get a 30-day free trial and try ESET Endpoint Encryption in your company.