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The talk focuses on "encryption as a service" using the Vault Transit Secrets Engine, highlighting its importance for data security. The speaker emphasizes the necessity of not storing data in plain text to prevent data leaks, which are frequent and often occur due to insecure data practices. It is noted that major companies have acknowledged storing sensitive information, such as passwords, in plain text, making it easier for hackers to exploit. The presentation serves as a continuation of previous discussions on setting up secure data practices, underlining the critical role of encryption in protecting organizations’ and users' sensitive data.