Internal vs Third Party Key Management Solutions
Question
A security architect has convened a meeting to discuss an organization's key management policy.
The organization has a reliable internal key management system, and some argue that it would be best to manage the cryptographic keys internally as opposed to using a solution from a third party.
The company should use:
Answers
Explanations
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A. B. C. D.C.
The best approach for managing cryptographic keys for an organization is a critical decision that should be made after carefully considering the potential risks and benefits of different options. In this case, the security architect has convened a meeting to discuss the key management policy for the organization, and some argue that the current internal key management system is reliable and should be used instead of a third-party solution.
Option A suggests using the current internal key management system, which may be a viable option if the system is reliable, secure, and can effectively manage the organization's cryptographic keys. However, this option does not take into account other potential options and may not be the best choice without a comprehensive analysis of the potential risks and benefits.
Option B suggests using a third-party key management system that will reduce operating costs. While cost reduction is an important consideration for any organization, it should not be the sole factor in selecting a key management solution. A third-party system may offer advantages such as increased security, scalability, and ease of use, but it may also introduce new risks if not properly vetted.
Option C suggests using risk benefits analysis results to make a determination. This option is the most comprehensive approach as it considers the potential risks and benefits of each option and evaluates them against the organization's specific needs and goals. A risk benefits analysis would assess factors such as cost, security, scalability, ease of use, and regulatory compliance to determine the best key management solution for the organization.
Option D suggests using a software solution that includes secure key escrow capabilities. While a software solution may be a viable option, it does not consider other potential solutions, and the inclusion of key escrow capabilities may introduce additional risks and concerns.
In conclusion, the best approach for managing cryptographic keys for an organization should be determined through a comprehensive risk benefits analysis that evaluates potential solutions against the organization's specific needs and goals. While the current internal key management system may be reliable, it should not be selected without considering other potential solutions, and cost reduction should not be the sole factor in selecting a key management solution.
