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Understanding Data Encryption: How We Protect Your Information
Understanding Data Encryption: How We Protect Your Information
Martin Pickrodt avatar
Written by Martin Pickrodt
Updated over a week ago

In the digital age, data security is paramount, especially when it involves sensitive financial information. At Teleskop, we prioritize your privacy and security by implementing robust data encryption practices. This article explores how data encryption works at Teleskop and why it's essential for protecting your information.

What is Data Encryption?

Data encryption is a security method where information is encoded so that only authorized parties can access it. By converting the original representation of the information, known as plaintext, into an alternative form known as ciphertext, encryption ensures that data privacy is maintained both at rest and in transit.

How Teleskop Uses Data Encryption

Encryption at Rest

At Teleskop, we use encryption to protect your data while it is stored on our servers. This means that all your financial data, personal information, and other sensitive data are converted into encrypted format that can only be read or processed after it is decrypted with a secure key. This layer of security protects your information from unauthorized access, including potential breaches of our physical hardware.

Encryption in Transit

We also encrypt data when it is being transmitted between your device and our servers, or between our servers and external systems. This is crucial because it safeguards your information from being intercepted by attackers during transmission. We use protocols like TLS (Transport Layer Security) to ensure a secure, encrypted connection.

The Encryption Technologies We Use

At Teleskop, we employ advanced encryption standards, such as AES (Advanced Encryption Standard), which is a globally recognized encryption method used by governments and security experts worldwide. AES offers a high level of security and is efficient in operation, making it ideal for protecting large volumes of data.

Why Encryption Matters

Protecting Your Privacy

Encryption helps protect your personal and financial data from prying eyes. Whether it's safeguarding your investment details or your personal identity information, encryption acts as a barrier against unauthorized access.

Compliance with Regulations

By using encryption, Teleskop ensures compliance with various global data protection regulations, such as GDPR, which require the use of such security measures to protect consumer information.

Building Trust

Knowing that your data is encrypted and securely handled increases your trust in our services. At Teleskop, we believe that security is foundational to customer confidence and business integrity.

Continuous Improvement

Our commitment to data security doesn’t stop at current technologies. We continuously evaluate emerging encryption methods and update our practices to ensure that Teleskop remains at the forefront of data security. Our goal is to proactively adapt to the evolving landscape of cyber threats, ensuring your data remains secure under all circumstances.

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