What Is a Key Management Service? Key Management Services Explained
A lost or stolen cryptographic key can devastate a company — that’s why many companies choose to use key management services to protect and secure their organization’s sensitive assets
When you’re out and about, there’s virtually no worse feeling than reaching into your pocket or purse and discovering that your keys are missing. The realization hits you like a ton of bricks, and you’re left asking two important questions: where did you leave them? And what happens if someone untrustworthy finds your keys before you do?
Your keys are your literal method of access to important places in your life — your home, office, and your car. Keys keep bad guys out yet enable you access to everything you hold dear. Needless to say, you don’t want them winding up in the wrong hands! The same can be said about your organization’s cryptographic keys. These sensitive keys do everything from secure your website and email communications to authenticate users and devices on your network. Therefore, you need to keep them safe from compromise and do everything you can to mitigate risks.
Keyfactor and the Ponemon Institute research shows that organizations report having an average of 88,750 digital keys and certificates within their IT environments. And to make matters worse, 74% of respondents indicate they don’t actually know how many keys actually exist or where to find them! As you can imagine, this level of oversight can cause irreparable harm if you’re one of these businesses. Having a key management service in place can be a lifesaver (or, more accurately, a job saver).
This article will explore what a key management service is and why it’s a crucial investment for your organization.
Let’s hash it out.
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