2016-12-12 00:00:00 Innovation English Learn what file encryption is, discover its main benefit, and learn why it is important for your small business to use. https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/10/Developer-Explaining-Importance-Of-Encryption.jpg https://quickbooks.intuit.com/ca/resources/innovation/the-importance-of-encryption/ The Importance of Encryption

The Importance of Encryption

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Encryption primarily involves mixing up text to make it unreadable. This prevents unauthorized people from getting meaningful content from a message, file, folder, USB drive, or even an entire hard drive. The main benefit of using encryption is that data is protected during storage and/or transmission.

The main reason it is important for a small business is liability. Almost all businesses collect, store, and transmit sensitive data like birthdates, social insurance numbers, financial information, and more. A company can actually be sued if sensitive information of this sort is accidentally leaked, shared or used.

Encryption may indeed save a small business from failure.

References & Resources

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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