Businesses face a big challenge in saving their data from the hands of hackers that may lead to financial losses, fines, litigations, business damage, and other troubles. In securing data against cyberattacks, commercial espionage, data breaches, and theft advanced encryption software tools are available.
The market of encryption software tools is expanding with developments like the rise of the Internet of Things (IoT), increasing penetration of mobile devices, and Bring Your Own Device (BYOD) practice in enterprises.
The threat of data theft
Other demand accelerators include surging mobile technology in hardware and growing penetration of smartphones. Although security solutions such as free anti-malware tools for home consumers to anti-virus are there human errors can make them ineffective unlike encryption software that is too robust safety and hackers and snoopers will nit mess with data. Now take a look at the top 5 encryption software tools such as VeraCrypt, AxCrypt, CryptoExpert, Folder Lock, and CertainSafe.
VeraCrypt: VeraCrypt is a popular security tool offering enterprise-grade encryption for all critical data. It is easy to use and encrypted passwords to data and partitions will be provided. VeraCrypt is the successor of TrueCrypt and is noted for the VeraCrypt PIM feature. The Personal Iterations Multiplier is an innovative parameter in thwarting brute-force attacks including decrypting passwords and sensitive data.
AxCrypt: AxCrypt is good for both individuals and small teams within businesses. It has free as well as paid versions and offers strong security by ciphering them with 128-bit or 256-bit AES encryption. It also protects files on Google Drive and Dropbox. Multilingual capabilities and a passport management method to access encrypted files through a smartphone app are notable features.
CryptoExpert: CryptoExpert is Windows desktop software offering secure data vaults to house all data, ensuring protection from potential breaches. It provides powerful encryption to files of various formats including certificates, Word, multimedia files, PowerPoint and Excel files plus email databases. The latest version CryptoExpert 8 can secure vaults of any size and uses 3DES and AES-256 encryption algorithms. It works with 32-bit and 64-bit versions of Windows 7, 8, and 10.
Folder Lock: Since most employees manage their company emails and other accounts on smartphones, there is urgency in offering high security to them just like data assets on company computers. Folder Lock offers the best encryption to mobile devices to protects personal files, notes, videos, wallet cards, contacts, photos, and audio recordings stored in the handset.
CertainSafe: This is a cloud-based encryption solution and mitigates risk and manages compliance as per industry regulations. The security software protects stored and shared documents, photos, private messages, videos, and other files without exposure to third-party sources. Collaboration with teams is possible with all the correspondence encrypted.
Market outlook
According to Grand View Research, the global encryption software market is projected to grow 16.8 percent annually until 2025 and assume a size of $3.75 billion.
Encryption software came into limelight in 1007 with the free email encryption software developed by Werner Koch. His code powered many popular email encryptions including Enigmail, GPGTools, and GPG4Win among others.
