Key management deals with the creation, exchange, storage, deletion, and refreshing of keys – as well as users access to keys
Key management is the foundation of all data security, and encryption keys are used to encrypt and decrypt data. The loss or compromise of any encryption key invalidates an organization’s data security protocols.
An organization’s ability to share sensitive and confidential files, while still meeting security requirements are enhanced by key management solutions. They provide centralized key management while also securing encryption keys. Such technologies are rapidly becoming a core requirement for enterprises of all sizes that need enhanced security in their collaboration environment.
Key management follows a lifecycle of operations that are needed to ensure the key is created, stored, used, and rotated securely. Most cryptographic keys follow a lifecycle that involves the operations in the diagram below.