The Rising Importance of Strong Encryption for U.S. Interests
Internet Association, 2017
13 Pages Posted: 4 Aug 2017
Date Written: 2017
Encryption protects billions of global Internet users from countless daily threats to sensitive infrastructure, the financial system, and repressive governments looking to stifle speech and democracy. From policymakers to academics and industry leaders, the consensus is clear: strong encryption is fundamental to protecting our national interests. The foundation of this consensus lies in the strategic utility, economic value, and technical realities of encryption as a proactive defense tool. Additionally, as this paper describes, the exponential growth of the internet is driving an increase in the risk factors associated with failing to enact strong encryption protections. These risks are not static. As the internet continues to expand into more corners of the American economy, our exposure to economic costs and security vulnerabilities grows along with it.
Keywords: encryption, data breach, data security
JEL Classification: F5, O3
Suggested Citation: Suggested Citation