What is file encryption?
Blog post from Box
File encryption is a critical tool for protecting sensitive data from unauthorized access, especially given the increasing prevalence of cybercrime, which affects about 32% of companies annually, with a global cost of up to $6 trillion. Encryption encodes files, making them unreadable to anyone except authorized recipients, using complex algorithms and keys—either symmetric or asymmetric cryptography. Symmetric cryptography uses a single key for both encryption and decryption, while asymmetric involves a pair of public and private keys. Popular encryption methods include PGP, Open PGP, and AES, with AES being the standard for most online encryption due to its high security, which is exponentially greater than its predecessor, DES. File encryption software, like Box's Intelligent Content Management, offers layered data protection, secure data transfers, and compliance with regulatory standards, providing peace of mind and robust protection across multiple devices. Box's platform, including Box KeySafe, allows users to manage encryption keys independently, ensuring data security while maintaining usability and mobility. Box also collaborates with Amazon Web Services to offer tiered encryption options tailored to organizational needs, including government compliance.
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