Public Key vs. Private Key Encryption Explained
According to Sitaram Iyer, vice president of emerging technologies at CyberArk, public key cryptography involves a pair of keys that can be shared openly between users to encrypt messages. Private keys are kept secret to “ensure secure communication. Only the intended recipient can decrypt the message,” he says.
Private key cryptography also uses only a single key for both encryption and decryption, making it simpler but less secure in scenarios that require public sharing.
Kiser says symmetric encryption is a lot like a house key. “If you lose your key and your address is on it, you have a problem,” he says.
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How Are Keys Generated?
The process of generating cryptographic keys is mathematically intricate, requiring a series of complex algorithms including Rivest-Shamir-Adleman (RSA), an asymmetric encryption algorithm, or Advanced Encryption Standard (AES), a symmetric encryption algorithm.
Public key infrastructure (PKI) systems often involve certificate authorities (CAs) that issue these keys.
“Organizations protect their PKI, often with hardware security modules, to ensure that keys remain secure,” Iyer says, highlighting the importance of secure key management.
He adds that dynamic key generation is essential for maintaining robust security.
Open-source platforms, such as Let’s Encrypt, have also simplified the process, enabling organizations to issue certificates without relying on costly, centralized authorities.