Governments, and specifically their law enforcement, see encryption apps as potential barriers in investigations. We all remember the infamous Apple and FBI case, where the FBI wanted Apple to break their own security. Similarly, by weakening encryption in apps like Facebook’s WhatsApp and Apple’s iMessage, governments look to gain golden surveillance keys, with the privacy rights of the average person to be expectedly disregarded.
Jacob Ginsberg, senior director at Echoworx, argues that ” If you look inside all houses, you will catch more criminals, but is this going too far? We also have to consider how this places the majority of law-abiding citizens at risk.”
The need to provide personal security to people is as crucial as providing physical security. The demands to weaken encryption merely add to the already uphill battle CISOs are facing! Recently, Avivah Litan, a Gartner analyst was quoted saying, “Companies are worse off by 100% [with cybersecurity] in comparison to ten years ago because the world is more complicated now.” That explains the fact that 16 billion USD were stolen from 12.7 million identity fraud victims last year.
The average cost of addressing a data breach tops 3.8 million USD. The cost of a data breach varies by industry. The average cost of a data breach per lost or stolen record globally is 154 USD. However, if a healthcare organization has a breach, the average cost could be as high as 363 USD. Further, a data breach due to human error or negligence costs 137 USD per record.
Echoworx believes in strong cyber security, preserving privacy rights, and the expectation of secure digital communication. Its email encryption software, OneWorld helps corporations from all industries to secure information and communication in and outside of their enterprise. To know more about strong email encryption, the risks associated with weakened encryption, and why it is a must for your company:
- Download our REPORT | How Much Do You Trust Email?
- Download our DATA SHEET | OneWorld Enterprise Encryption
By Will Nathan, Enterprise Account Executive, Echoworx