{"id":205152,"date":"2021-06-23T11:37:38","date_gmt":"2021-06-22T22:37:38","guid":{"rendered":"https:\/\/legalvision.co.nz\/?p=205152"},"modified":"2021-06-23T11:37:39","modified_gmt":"2021-06-22T22:37:39","slug":"encryption-in-business","status":"publish","type":"post","link":"https:\/\/legalvision.co.nz\/data-privacy-it\/encryption-in-business\/","title":{"rendered":"Does My NZ Business&#8217; Data Need to Be Encrypted?"},"content":{"rendered":"\n<p><span style=\"font-weight: 400\">If your business <\/span><a href=\"https:\/\/legalvision.co.nz\/e-commerce\/how-to-handle-personal-data-for-an-ecommerce-business-in-new-zealand\/\"><span style=\"font-weight: 400\">collects data from your customers online<\/span><\/a><span style=\"font-weight: 400\"> or stores data digitally, ensure you encrypt your data. Data encryption is an effective way to protect your business\u2019 sensitive digital data, but unfortunately, many still do not take advantage of this safeguard. As our capabilities online grow, so do the internet\u2019s inherent risks. Accordingly, businesses need to adapt to that landscape. This article will explain what data encryption is and why you should encrypt your business\u2019 data.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Protection Against Cyber Threats<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">First of all, if you <\/span><a href=\"https:\/\/legalvision.co.nz\/data-privacy-it\/business-secure-online\/\"><span style=\"font-weight: 400\">operate online<\/span><\/a><span style=\"font-weight: 400\"> in any capacity, you need to be aware of online security risks for your business. For example, you may be transmitting information via your website, or storing your business\u2019 data in a cloud service. Your business should conduct a security assessment to identify potential cyber threats in your business and implement safeguards to mitigate such risks. You can outline this process in a cybersecurity policy.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">It is a good idea to make sure you have safeguards against problems such as the following:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">privacy and data breaches;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">malware;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">phishing scams;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">denial-of-service attacks; and<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">insider threats.<\/span><\/li><\/ul>\n\n\n\n<p><span style=\"font-weight: 400\">Encryption is a safeguard that is particularly effective and relatively straightforward to set up.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">What Is Encryption?<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">Encryption refers to a security method that takes a readable piece of data, such as a list of your customers\u2019 phone numbers, and turns it into a scrambled and unreadable code. If you were to look at an encrypted data file, it would look like a string of random letters and numbers.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Only the person with the particular key to that data can understand it once they have applied the key. The key will be an alphanumeric password or passphrase that you can input into the software or program that manages the encryption, and it will descramble the data for you.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Data encryption is beneficial because it can stop unwanted third parties from:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">reading your sensitive data;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">changing your data;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">using your data; and<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">stealing the content of your data.<\/span><\/li><\/ul>\n\n\n\n\n<a href=\"#content-next\"\n   class=\"block p-4 mt-10 text-xl font-bold text-center text-white no-underline bg-gray-800 rounded-t-xl\">\n    Continue reading this article below the form\n    <i class=\"text-xl 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If you want to ensure your business is operating safely online, and handling customer information securely, you need to protect the information you transmit online.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Even if you are not tech-savvy, or your business is relatively small, encryption is still a good idea. Malicious third parties will target weaker systems with their cyberattacks, no matter what information the system protects. You would be at a significant disadvantage if sensitive customer information got into the wrong hands. You could face significant losses, both in finances and reputation.<\/span><\/p>\n\n\n\n<div class=\"box box--info box--icon\">\n<p><span style=\"font-weight: 400\"><strong>Tip:<\/strong> Say someone steals your work phone with sensitive business data on it. If that data is encrypted, it reduces the risk of a third party reading it.<\/span><\/p>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Data Encryption and Customer Privacy<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">If your business deals with your customers\u2019 and employees\u2019 <\/span><a href=\"https:\/\/legalvision.co.nz\/data-privacy-it\/protect-personal-information\/\"><span style=\"font-weight: 400\">personal information<\/span><\/a><span style=\"font-weight: 400\"> (such as email addresses or financial details), you have certain obligations around how you handle that information.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">In particular, you need to ensure you safely store any personal information. You also need to ensure you safely receive and transmit personal information on your website. If a customer thinks you have not implemented adequate security measures to protect their privacy, they can complain to the Privacy Commission. Under these circumstances, there could be legal fines for your business. As such, it is a good idea to encrypt your data because you are complying with your privacy obligations imposed by the law.&nbsp;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">How Can I Encrypt My Data?<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">To encrypt your data, identify what information is critical for your business and would cause significant issues if it got into the wrong hands. What qualifies here can vary, but you should ensure you encrypt any of your business\u2019 intellectual property and personal information. Make sure you limit access to who has your encryption keys and update software as needed.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">There two key points when you should encrypt your data<\/span>.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\n<p><b>Data in Transit<\/b><\/p>\n<\/td><td> <p><span style=\"font-weight: 400\">If you want to encrypt data in transit, you need to get a security certificate and key for your website, indicated by the HTTPS in the URL or a padlock icon. This measure will prevent malicious actors from interfering with transactions or data transmissions as they happen on your website. Your IT service provider can help you with this process.For example, when customers purchase products through your website, they are transmitting sensitive financial details. When they go through online payment, the page where they do this should have an appropriate security certificate.<\/span><\/p> <\/td><\/tr><tr><td>\n<p><b>Data Storage<\/b><\/p>\n<\/td><td> <p><span style=\"font-weight: 400\">Even if you may not transmit sensitive data online, if you store it in a digital database, you should encrypt it before any uploads take place. Most of your devices should provide this kind of encryption service, as well as the storage software you use.\u00a0<\/span><\/p>For example, if you operate using Microsoft devices, they should have their own inbuilt encryption service. If not, Windows has a standard encryption program called Bitlocker that you can use. <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Key Takeaways<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">If you operate online in any capacity, you should encrypt your business\u2019 sensitive data to avoid litigious issues in the future. If you would like more information or help with data encryption at your business, contact <\/span><a href=\"https:\/\/legalvision.com.au\/it-lawyer\/\"><span style=\"font-weight: 400\">LegalVision\u2019s New Zealand IT lawyers<\/span><\/a><span style=\"font-weight: 400\"> on 0800 005 570 or fill out the form on this page.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Frequently Asked Questions<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1619999632414\"><strong class=\"schema-faq-question\"><strong>What is encryption?<\/strong><\/strong> <p class=\"schema-faq-answer\">Encryption refers to a security measure you can use for your business. When a dataset is encrypted, it is scrambled into unreadable code that only the person with the corresponding key can read.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1619999650787\"><strong class=\"schema-faq-question\"><strong>Does my business\u2019s data need to be encrypted?<\/strong><\/strong> <p class=\"schema-faq-answer\">If you handle sensitive data or personal information, you should encrypt that data. Data encryption is an effective data security measure against leaks or data breaches.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1619999664758\"><strong class=\"schema-faq-question\"><strong>What data should I encrypt?<\/strong><\/strong> <p class=\"schema-faq-answer\">Identify information at your business that would cause issues if it got into the wrong hands, such as personal information. You should encrypt this information.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1619999678501\"><strong class=\"schema-faq-question\"><strong>What is a denial-of-service attack?<\/strong><\/strong> <p class=\"schema-faq-answer\">A denial-of-service attack is a cyber-attack designed to prevent access to a service or system by stopping it or shutting it down.<\/p> <\/div> <\/div>\n<div class=\"not-prose m-feedback-prompt\">\n    <!-- Thumbs up\/down bar -->\n    <div class=\"m-feedback-prompt__main\">\n        <div class=\"m-feedback-prompt__title\">Was this article helpful?<\/div>\n        <div>\n            <!--span class=\"m-feedback-prompt__button--text\">Thanks!<\/span-->\n            <button type=\"button\" class=\"m-feedback-prompt__button m-feedback-prompt__button--yes\"\n                    data-analytics-link=\"feedback-prompt:yes\" aria-label=\"Agree\">\n                <i class=\"fa-regular fa-thumbs-up fa-3x\"><\/i>\n            <\/button>\n            <button type=\"button\" class=\"m-feedback-prompt__button m-feedback-prompt__button--no\"\n                    data-analytics-link=\"feedback-prompt:no\" aria-label=\"Disagree\">\n                <i class=\"fa-regular fa-thumbs-down fa-3x\"><\/i>\n            <\/button>\n        <\/div>\n    <\/div>\n\n    <!-- Feedback form -->\n    <div class=\"m-feedback-prompt__form\">\n        <div class=\"m-feedback-prompt__form--thanks \">\n            <div>Thanks!<\/div>\n            <p>\n                We appreciate your feedback \u2013 your submission has been successfully received.            <\/p>\n        <\/div>\n        <form id=\"contact-form\" class=\"m-feedback-prompt__form--form\" action=\"\" method=\"post\">\n            <input type=\"hidden\" id=\"authenticity_token\" name=\"authenticity_token\" value=\"5d238358bb\" \/><input type=\"hidden\" name=\"_wp_http_referer\" value=\"\/api\/wp\/v2\/posts\/205152\" \/>            <input value=\"https:\/\/legalvision.co.nz\/data-privacy-it\/encryption-in-business\/\" type=\"hidden\" name=\"currenturl\"\n                   id=\"currenturl\">\n            <input value=\"Does My NZ Business&#8217; Data Need to Be Encrypted?\" type=\"hidden\" name=\"currenttitle\"\n                   id=\"currenttitle\">\n            <label>\n                <!-- display on thumbs-up -->\n                <span class=\"m-feedback-prompt__feedback m-feedback-prompt__feedback--yes\">\n                    Can you tell us <span class=\"font-semibold\">why<\/span> you found it helpful?\n                <\/span>\n\n                <!-- display on thumbs-down -->\n                <span class=\"m-feedback-prompt__feedback m-feedback-prompt__feedback--no text-lg\">\n                    How can we better improve this article?\n                <\/span>\n                <textarea name=\"feedbackmessage\" id=\"feedbackmessage\" required><\/textarea>\n            <\/label>\n\n            <div class=\"m-feedback-prompt__form--error\" id=\"form-submit-error\"><\/div>\n            <button id=\"submit-contact-form-button\" type=\"submit\" name=\"commit\" class=\"m-feedback-prompt__form--submit\"\n                    data-analytics-link=\"feedback-prompt:submit\">\n                Submit            <\/button>\n        <\/form>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>If your business collects data from your customers online or stores data digitally, ensure you encrypt your data. Data encryption is an effective way to protect your business\u2019 sensitive digital data, but unfortunately, many still do not take advantage of this safeguard. As our capabilities online grow, so do the internet\u2019s inherent risks. Accordingly, businesses<a href=\"https:\/\/legalvision.co.nz\/data-privacy-it\/encryption-in-business\/\">Continue reading <span class=\"sr-only\">&#8220;Does My NZ Business&#8217; Data Need to Be Encrypted?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":13236,"featured_media":201733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","editor_notices":[],"footnotes":""},"categories":[28],"tags":[93,268,507,589],"class_list":["post-205152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-privacy-it","tag-enterprise","tag-data-storage","tag-data-and-privacy","tag-privacy-law-obligations"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is Encryption in Business? 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