State Street Corp., the global money manager based out of
IBT had retained the services of a legal support vendor prior to being acquired, and this unnamed vendor lost computer equipment—no word on what type of equipment it may be—in December of last year. The story is receiving a small amount of coverage as of this time.
According to the coverage by bizjournals.com, it took
Initially, I thought that
Is one better than the other? What’s the difference? Well, as an example, AlertBoot full disk encryption ends up encrypting everything on the storage device. So, if full disk encryption is used on a laptop, the entire contents of the hard disk in the laptop—from customer data to your Solitaire program—is encrypted. Without providing the correct username and password, there is no way to access the contents of that laptop. Plus, decrypting the information is instantaneous—the moment you gain access to the computer, your information is decrypted (I’m glossing over the technical details here, obviously).
File encryption, however, means protecting individual files, so one has to mind whether a file is to be encrypted or not (and there is always the worry whether a critical file was encrypted if the computer gets lost or stolen). In many ways, it’s not as convenient as full disk encryption. However, there are pluses to file encryption over disk encryption. For example, you can still use your computer if you don’t remember your username and password for encrypted data—you just don’t have access to certain files, that’s all. Plus, if you forward a file?encrypted document via e-mail, the data remains protected. This is not so with full disk encryption. If you e-mail a document from your hard drive encrypted computer to a colleague, he will not require the username and password to access that document. Of course, there’s nothing preventing one from using both full disk encryption and file encryption to protect data.