What is Public Key Infrastructure and why your business needs it during festive season?
The festive season is a very busy time for Business to Consumer (B2C) businesses, which means the online activities for these businesses will increase rapidly. The Public Key Infrastructure system is much needed during this period, especially by the online stores that require customers’ credit and bank card details.
Public Key Infrastructure (PKI) is a cyber-security system providing significant help for organisations to authenticate users and regulate access in organisations’ software and hardware systems. This security system can be embedded into an organisation’s website to secure traffic from the internet, protect internal communications and access to connected devices such as cell-phones and laptops.
Half of the human population uses the internet right now. With a new cyberattack happening every 39 seconds, 1 in 4 people are potential targets of cybercrimes, including businesses. These numbers increase around the festive season, especially for e-commerce websites, says CEO of LAWTrust, Maeson Maherry.
PKI works by identifying people and devices that interact with the company’s hardware or software such as websites, emails and internal communication systems. Each person or device that interacts with the company’s system is issued with a set of keys – a private and a public key. The private key is kept secret, while the public key can be shared with anyone that needs it. Public keys are normally distributed in the form of a digital certificate. The most popular usage example of PKI is the HTTPS (Hypertext Transfer Protocol Secure) which is found when you type in the address bar of a website.
“Security systems to protect yourself, your customers and your organization during this season against cybercrime are now more important than ever. The most important element of cybersecurity systems is authentication. Using PKI keys, people and devices can securely authenticate to networks, log into systems, encrypt data and sign digital documents,” adds Maherry.
To ensure that a range of network activities such as e-commerce, internet banking and confidential emails are secured during the festive season companies must invest in PKI.