In today’s digital era, transacting online has become more commonplace than ever before. Activities such as online banking, e-commerce, and even investing, depend on technology as they involve the exchange of sensitive and confidential information.
And with the number of financial transactions soaring, securing these transactions has become a top priority for businesses in every sector.
Concurrently, the threat landscape is growing increasingly complex, marked by determined and well-funded adversaries, with sophisticated tools at their disposal, to the point where the common wisdom when it comes to threats, is that it’s no longer a matter of ‘if’, but rather ‘when’.
This is why a growing number of companies are turning to encryption technologies to help them secure their financial transactions, and other confidential data, both at rest and while in transit. Encryption serves as a means to ensure secure communications and keep them safe from third-party interference. It involves the use of mathematical algorithms to transform data into an unreadable form, to keep it safe from the prying eyes of bad actors and other malefactors.
For businesses that conduct financial transactions, encryption technology provides value for many different business use cases. It safeguards online banking transactions, mitigates credit card fraud, protects digital signatures during fund transfers between accounts, and serves other critical functions.
By employing encryption, businesses can effectively shield sensitive financial information from threat actors looking for personal gain or intending harm to customers. Additionally, encryption assists companies in complying with regulations like the Protection of Personal Information Act (PoPIA) or the General Data Protection Regulation (GDPR).
To unpack encryption further, as well as how businesses can harness its benefit to protect their financial transactions, Altron is hosting a webinar on the 20 June, themed ‘Encryption: Shielding financial transactions and confidential data from prying eyes’
During this event, industry experts will unpack how data encryption can help ensure companies remain compliant with data privacy regulations, as well as the benefits that embarking on an encryption journey can bring to the organisation.
They will unpack what regulations recommend in terms of data encryption and data encryption best practices. In addition, they will discuss why data encryption has become a critical part of the security mix, and will delve into the pain points that can be solved by using data encryption in the business.
For more information and to register, click here
