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When Need of Encryption Key Lifecycle in Business

by Paloma Gonzalo
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When Need of Encryption Key Lifecycle in Business
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The encryption key and password life cycle are part of your company’s IT security. This is because computer security ensures that sensitive data is protected from system threats and vulnerabilities. Its root cause is to protect them from interference during the cycle. Computer security includes good key and password lifecycle management techniques that protect sensitive data, communications, and platforms, assets, goods, and other services.

How are Encryption key lifecycle management and computer security, and digital environment interrelated?

Encryption key life cycle and computer security are two working components that create the perfect key to unlock your digital environment. Each element originated and evolved independently to gain the corresponding honorary status with its benefits, but the combination of encryption and computer security guarantees exclusive access only to authorized persons.

One provides feedback on its own, and the other enhances the security of the digital environment. Encryption key lifecycle management allows you to protect your data from all types of virtual threats. In short, encryption key lifecycle management is essential to maintaining the integrity of both managed and shared data.

Need of Encryption key lifecycle processing and management 

Encrypting files is definitely a good idea. However, you are required to manage your encryption keys properly. Encryption key lifecycle processing and management are required:

  • To make sure the key is retained and protected;
  • For making a backup copy of the encryption key;
  • To know when and how the key is retrieved, deleted, or modified;
  • For identification of a legitimate encryption key owner;
  • To make sure that the key is not disclosed to unauthorized persons.

Encryption Key lifecycle management is needed for both symmetric and asymmetric private keys. Do not explicitly store symmetric encryption keys on your computer or USB key, such as asymmetric private keys. For storing your private key, you need a secure, encrypted container.

Note: If you need to communicate symmetric keys over the Internet, you must encrypt them using asymmetric cryptography.

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This encryption key lifecycle management becomes more important as the use of data encryption increases. This is especially because the same company often has many different encryption tools available to multiple users. However, before using encryption to protect your data, create an encryption key lifecycle management policy that specifies who is responsible for this management.

Conclusion: 

When using encryption to protect data, managing encryption keys lifecycle is important to life, if not the company’s survival. Keep in mind that all sensitive data (personal information, financial resources, trade secrets) can be compromised if passwords are misused. Take the time to create strong passwords to increase your computer’s security. If you have a little time, you’re in the right place. As a comprehensive security expert, KEYFACTOR is a secure global SaaS encryption and key management service provider. It has a team of professionals who are an expert in encryption and computer security based on cloud-neutral platform and management tools that make it easy for you at your fingertips. It simplifies data protection no matter what cloud architecture you use.

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