5 Dangerous Encryption Myths Putting Your Business Data at Risk

Many businesses delay deploying encryption due to longstanding misconceptions, despite the growing prevalence of cyber threats. According to a new investigation by ESET, these fallacies are serious vulnerabilities. Let's disprove the top five and show you how to safeguard your private information properly.

Myth #1: "Encryption Is Too Complex for SMBs"

Reality: One-click deployment is available with contemporary programs like Microsoft BitLocker and VeraCrypt. Cloud providers like AWS and Azure automatically encrypt databases and storage.

• According to Verizon (2025), 68% of compromised SMBs lacked encryption.

Myth #2: "Only Regulated Industries Need It"

Reality: Every company has useful data.

• PII of customers and employees

• Records of finances

• Intellectual property

• Case: After hackers acquired unencrypted vendor payment information, a bakery chain had to pay $380,000 in ransomware.

Myth # 3: "Encryption Slows Down Systems"

Reality: The performance overhead of AES-256 encryption on contemporary processors is less than 5%. Myths about performance originate from:

• Legacy systems that are not set up correctly

• Rather than using hardware acceleration, software-mode

Myth 4: "It’s Too Expensive"

Reality: The truth is that open-source tools like OpenSSL and LUKS are free. The monthly cost of commercial solutions is less than $5 per device, which is significantly less than:

• The average breach costs SMBs $4.7 million.

• GDPR penalties (up to 4% of worldwide income)

Myth 5: "We Have Nothing to Hide"

Reality: Attackers don't discriminate, in actuality. Data that isn't encrypted allows:

• Ransomware: File encryption for extortion

• Product design theft is a kind of industrial espionage.

• Internal communications leaks are a kind of reputational sabotage.

Beyond Compliance: The Encryption Imperative

Although encryption is required by laws (HIPAA, PCI-DSS), astute companies employ it to:

• Preserve Customer Trust: According to Cisco (2025), 92% of customers steer clear of businesses with subpar data practices.

• Turn on secure remote work and safeguard data on cloud apps and BYOD laptops.

• Fulfill the requirements for cyber insurance: Nowadays, 85% of insurers want encryption in order to be eligible for payouts.

Bayon Technologies Group: Your Encryption Strategy Partner

Implementing encryption isn’t about checking boxes – it’s about building unbreakable data resilience. Bayon Technologies Group delivers:

✅ End-to-End Encryption Architecture

Device (BitLocker/FileVault) + Cloud (AWS KMS/Azure Key Vault) + Email (PGP/TLS)

✅ Automated Key Management

Centralized control with FIPS 140-2 compliant key rotation

✅ Compliance Assurance

Mapping encryption protocols to GDPR/HIPAA/CCPA requirements

✅ Employee Training

Simulated phishing attacks testing encryption protocol adherence

Don’t let myths become your biggest breach vector!