Nowadays, many people are concerned about data privacy, particularly in online businesses. Because their entire business relies on the internet, from taking orders to receiving payment from customers, businesses need to deploy PKI to ensure the authenticity of online communications. PKI, according to some experts, has the potential to transform the way e-commerce businesses are conducted in the future. The use of public key infrastructure (PKI) is becoming more common in businesses. To know more about PKI read more below.
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When did the Public Key Infrastructure (PKI) was introduced?
The PKI was originally introduced in 1960 by the top-secret communications center of the United Kingdom to assure authentic and private communication. However, to bring this unique technology to the rest of the globe, the US government grabbed PKI and improved it in the 1970s. Since then, PKI has been adopted by several large businesses and public organizations.
How do we get the benefits of Public Key Infrastructure (PKI)?
To ensure that the communication you’ve received is secured, you must encrypt it with a public key that can only be decrypted by the person who has the private key.
Whereas to verify the identification of a person, businesses must read a digital certificate issued by a trusted third party and then use the certificate’s public key to confirm the certificate issuer’s identity. If you discover that the issuer of the digital certificate is authorized while decoding the public key, you can easily trust the sender of the message you received.
The Public Key Infrastructure (PKI) plays a significant role in protecting companies’ sensitive data against third-party access.
Since hackers are freely roaming around the web these days, PKI is one of the best ways for businesses to verify a person’s identity. Every day, a new case of data hacking emerges, causing significant financial damage to businesses.
As a result, it is critical for businesses to protect their data and financial information from third parties, as hackers are always inventing new ways to obtain data from businesses and government organizations, and PKI has played a critical role in protecting the data from outsiders.
People are still unfamiliar with PKI.
However, even after grasping the significance of PKI, businesses and financial institutions have yet to fully educate the end-user community on the relevance of PKI. As a result, even after using Microsoft Outlook, many customers are unaware of the relevance of PKI.
Although some countries have made efforts to promote PKI among their citizens, such as the United Kingdom, where the administration passed the Electronic Communications Act last year to encourage the use of PKI among its citizens, still many internet users are not showing as much interest as we would like.
How can we promote PKI among the end-user community?
The best method to promote PKI among end-users is to pair it with a smart card. Several firms anticipate the ability to create smart cards using PKI-based technology. Rainbow Technologies is an example of this, since it develops the iKey, a hardware key that allows PKI to interact directly with the hardware. However, the technology has yet to capture the significant attention of the market.