What is Key Management? How does Key Management work?

With the rising number of data breaches around the world, it's more important than ever to manage customer data securely. Cybercriminals are taking advantage of consumer data from well-known brands and even startups that have only recently entered the digital world. Regardless of the size of a company, necessary measures to enhance the first line of defense should be considered, especially for companies that provide digital platforms for buyers and subscribers. Data breaches affect businesses of all kinds today, and legal frameworks are trying to keep up with the ever-evolving cyberattacks that result in compromised data. Encryption is critical to security if your company deals with sensitive data. Encryption is now a requirement, but your encryption method is only as good as your key management. What is Key Management? Key management refers to the process of keeping track of cryptographic keys within a cryptosystem. At the user level, it deals with producing, exchangin...