as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain what "encrypted data" is
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encrypted data is data that has been converted into a secure format that is unreadable to any but those who possess the proper decryption keys. it is a way of keeping data secure and private from unwanted access or modification. encrypted data can only be decrypted using a specialized algorithm and the appropriate key.
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