5 Major Upcoming Trends In Encryption To Look Forward To

Cybercriminals have become more sophisticated than ever and it has become quite easier for them to gain access to sensitive personal data. While businesses and market players are ultimately responsible for the data security of their customers, the investment in encryption software has skyrocketed and it will increase in the future. As the companies are developing new, improved encryption software to go toe-to-toe with cybercrimes, we must expect to witness groundbreaking trends in the coming years.

Wearable two-factor authentication

Passwords are crucial for online security. However, remembering dozens of passwords comes in a way of ease of use and functionality. On the other hand, large cryptographically created passwords are more secure, untraceable than conventional create-and-remember passwords. Moreover, the increased popularity of wearable devices and their use to convey such type of information can be the next-big-thing in securing private information and it will eliminate the need to remember multiple passwords.

Homomorphic encryption

Currently, data is encrypted as it travels over the internet and the remaining security is dependent on the storage device. However, to use or analyze such data, the user must decrypt it, which makes the security vulnerable. On the other hand, homomorphic encryption offers an elegant solution. It enables users to analyze the data by decrypting it. Using homomorphic encryption, users can process encrypted data and get encrypted results, making every process secure.  

Quantum cryptography

The future is aimed toward quantum technology. Quantum cryptography offers a secure solution to transmit a password or confidential key over a distance. It operates using photons of light to move shared data between two parties. Moreover, even if these photos are intercepted by a third party, they cannot be copied or cloned.

Smart contracts for encrypted payments

Block-chain has already made its way into security and without a doubt, it will become a standard for encrypted transactions in the future. The technology was created for virtual money. However, now it proved its information in data security as it works on the tokenization principle. With blockchain technology, we can see get rid of payment frauds and merchants will not need to store consumer payment data.

Facial recognition and voice biometrics

Bio-metrics would become a vital part of data security. Improved voice biometric authentication, facial recognition has already become part of our lives and would be used to identify people when they ask for access to sensitive information. The conventional systems ask for security questions or recovery email IDs. However, with the use of biometrics, the user no longer has to remember passwords and any security questions.  

This is the age of cloud technology. Thus, every user's data is either protected or gained by cybercriminals. As cyber-attacks have become more frequent than ever, companies must invest in adopting the latest encryption software to maintain a foothold in the market. Whether the data is saved on a physical device or shared on the cloud, it must be encrypted or the company can fall at the mercy of cybercriminals.