Using weak password protection for information security can leave companies vulnerable to hacks and attacks, including the following:ĭictionary hack. Of course, password protection is only as strong as the password itself. Password protecting a Zip folder is like putting your valuables in a safe where you choose the combination, and it remains known only to you and the people with whom you choose to share it.
Encryption is more secure than passwords because it scrambles and unscrambles data using an algorithm and a key. Encryption is a level up from password protection. Password protection uses private passwords to protect sensitive information. Why Password Protection Isn’t the Same as Encryption In this article, we will identify situations in which you might need to password protect a Zip folder, discuss common issues that can arise when adding password protection while zipping files, and cover how solutions such as WinZip® Enterprise help you protect and encrypt your Zip files. Protecting any important data that could be accidentally or intentionally modified or deleted. Using a device with a high risk of being stolen, such as a phone, laptop, or tablet. The first and simplest line of defense is to password protect your sensitive files and folders when: There are numerous levels of data protection available to organizations. With every sector exhibiting similar risks, it’s important to consider convenient, primary ways of protecting your company’s data, such as by using password protection and encryption. No industry or business is spared from the threats-not even nonprofits. According to the Ponemon Institute, the global average total cost of a data breach in 2021 was $4.24 million. The 2021 Data Breach Investigations report cites 93% of these bad actors were motivated by money. Unfortunately, your company’s data is also financially lucrative to the hordes of hackers out there looking to steal it and sell it on the dark web or other questionable online marketplaces. It can also be used to create new products, new features-even disruptive new companies and markets. Data can improve the overall performance of a company and help them make better decisions. Since 2006, people have been quoting British mathematician Clive Humby’s famous phrase, “Data is the new oil.” However, a strong case can be made that data may actually be more valuable than oil-some of the world’s most highly valued companies are data companies deriving much of their value from virtual assets.Īs Forbes pointed out, nowadays, every company is a data company, and the value of data is growing.
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