VIRK_Practical Connection_Cryptography

VIRK_Practical Connection_Cryptography

They are ever imagined how companies manage and store passwords securely? Or the methods used in the storage of personal credit card information when making online purchases? The answer to all these is cryptography. Various internet sites currently make use of some cryptography in ensuring information security for clients. Even some information such as Gmail messages is usually encrypted before they reach the recipient. All these are possible courtesy of cryptography.

Data Analysis, as well as financial analysis, are all my lines of the profession which are heavily practically related to cryptography in one way or another. The purposes of data analytics are to collect as well as analyses vast amounts of data from heterogeneous sources, mainly for the discovery of unprecedented new knowledge as well as an understanding of the relevant scientific and business scenarios. Intending to gain more insight into patterns that are not generally discernible from fewer data sets, big data analytics enhances visibility into organizations as well as trends which later go unnoticed. Nevertheless, big data is likely to expose an organization to numerous data security vulnerabilities. This is where cryptography plays an essential role in ensuring data security.

According to Al-Juaid (2018), four primary areas are the most crucial for data security, which is taken care of through cryptography. These are:

1. Data Confidentiality: this ensures that information cannot be obtained by an unauthorized or rogue party, outside or inside the enterprise.
2. Data Integrity: this field focuses on preventing adversarial from interfering with organizational data
3. Availability: makes sure that those who are allowed to have access to the data do freely.
4. Access control: this encompasses the efforts of an organization to consistently as well as effectively manage, enforce as well as update rules which are surrounding data access.

Cryptography is an essential arrow in the quiver of instruments or tools which enhances data protection. Cryptography enhances data security in a way that unapproved users are barred from having unauthorized access to particular information or data. This ensures that critical information relating to financial analysis, as well as comprehensive data analytics, does not land into the hands in which they are not supposed to land (Cimato et al., 2017). Cryptography, therefore, basically makes it more difficult for an adversary to tamper or even steal organizational information without having been noticed.

This gives cryptography a significant leg up on alternative information protection strategies. These strategies include de-identification. This is the strategy that is applicable in preventing personal identity from being connected with some other identifying information. For instance, through cryptography, clients’ data that are analyzed for an organization can be de-identified so that the security of the clients is maximally maintained.

Moreover, cryptography safeguards confidentiality, which restricts access to data by unauthorized users and, at the same time, enhances the integrity of data through internal procedures for access control. Cryptography is also usable in the protection of data both in transit as well as at rest. The current advances in cryptography, in conjunction with data analytics, has given way for the practical implementation of holomorphic encryption for the protection of data in use. It is this technique that helps in analyzing of sensitive data like financial data when it is encrypted even in the untrusted environments.

Generally, cryptography is essential in ensuring data privacy as well as integrity before and even during analysis. This is essential in ensuring that unauthorized people do not access crucial information such as organizations’ financial information.

References

Al-Juaid, N., A Gutub, A., & A Khan, E. (2018). Enhancing PC data security via combining RSA cryptography and video-based steganography.

Cimato, S., & Yang, C. N. (Eds.). (2017). Visual cryptography and secret image sharing. CRC press.