The process of Encryption refers to the procedure of conversion that sees the conversion of clear information into code so as to prevent unauthorized or possibly fraudulent parties from accessing it. Business institutions, national governments, and individuals make use of encryption techniques to protect sensitive data to prevent fraud. According to the latest studies surrounding financial and information technology, 50% of internet data and communication had already gone through the HTTPS protocol.
As already stated, the process of encryption entails the conversion of plain data into data that is unreadable. The basic process of text encryption for instance, requires an encryption process that turns it into what is called “ciphertext” (the unreadable version of the text). Through the encryption process, one is assured that the information could only be read by the party holding the intended decryption key. Once the key is used, the information will then be reverted back into its primary state.
Encryption is useful for the purpose of protecting sensitive information such as names, addresses, contact numbers, private messages, and even social security numbers. Should hackers or any fraudulent entity is able to breach the computer network, they will be unable to decipher the encrypted data as they don’t have the decryption key.