A network administrator responsible for managing the encryption keys used in the organization's secure communications had a new key management policy implemented by the organization, which included a provision for key escrow.

The administrator understands the role of key escrows in relation to private keys.

Which of the following BEST describes the purpose of key escrow in the context of private keys?

answer

Key escrow enables the distribution of private keys to multiple users within the organization to enhance key redundancy and reliability.

Key escrow involves securely storing a copy of the private key with a trusted third party for recovery purposes, ensuring availability in case of key loss or compromise.

Key escrow refers to the process of encrypting the private key to prevent unauthorized access and protect it from disclosure.

Key escrow involves periodically rotating the private key to maintain data integrity and prevent cryptographic attacks.