“Enterprises must be increasingly vigilant as the public and government regulators hold senior management accountable for failing to protect sensitive customer and employee data.”

The above quote comes from research and consulting firm IDC (News - Alert), which notes this as a key reason why the market for endpoint encryption and key management infrastructure is on the rise. IDC expects this product category to experience a compound annual growth rate of 9.7 percent over the next five years.

Meanwhile a February 2016 survey conducted by the Ponemon Institute (News - Alert) indicates that the leading drivers of enterprise encryption technology solutions worldwide are to comply with external privacy data security regulations and requirements, to protect enterprise intellectual property, to protect information against specific identified threats, to protect customer personal information, to limit liability from breaches or inadvertent disclosure, to reduce the scope of compliance audits, to comply with internal policies, and to avoid public disclosure after a data breach occurs.

And, going forward, MarketsandMarkets expects the encryption software market to be worth $4.82 billion by 2019.

“Managing encryption keys effectively is vital,” a ComputerWeekly.com story notes. “Unless the creation, secure storage, handling, and deletion of encryption keys is carefully monitored, unauthorized parties can gain access to them and render them worthless. And if a key is lost, the data it protects becomes impossible to retrieve.”

To help businesses better understand best practices around encryption key management and to learn how to apply it in the data center, Hewlett Packard Enterprise is staging a webinar Thursday, Oct. 20 at 1 p.m. EDT/10 a.m. PDT. The event is called “Evolving Encryption Key Management Best Practices for the Data Center” and it will feature Rich Mogull, Securosis CEO, and Nathan Turajski, senior product manager of HPE Data Security

For more information on this online event, or to register, click here.