Why is it important to encrypt communications?
Encrypting communication has been in the news a lot. Private citizens want to keep their personal lives private so they use encrypted communications to keep their information secret. Terrorists also use encrypted communication to hide their activities.
At the turn of the century, businesses realized that exposing sensitive company information or personally identifiable information (PII) could result in lost revenue, bad publicity and potentially millions of dollars in regulatory fines. As more business applications have gone publicly online, hackers have seen an opportunity to profit by identity theft, extortion and corporate espionage. Much of this pain could be avoided by encrypting communications.
When communications are not encrypted man-in-the-middle (MITM) attacks are much more likely. This is where the attacker secretly relays and possibly alters communication between two parties who believe they are directly communicating with each other. For example, this could be as simple as ease-dropping or selectively modifying the account numbers of a financial wire transfer.
Toptech Systems has implemented secure encrypted communications in TMS6v , TDS, Load2Day and UAP. As new PIDEX standards are being defined, Toptech continues to rigorously support the encryption of exchange data. Contact Toptech Systems for more information.