Secure communication
Encryption is a method in which data is rendered hard to read by an unauthorized party. Since encryption methods are created to extremely hard to break, many communication methods either use deliberately weaker encryption than possible, or have backdoors inserted to permit rapid decryption. In some cases government authorities have required backdoors be installed in secret. Many methods of encryption are also subject to "man in the middle" attack whereby a third party who can 'see' the establishment of the secure communication is made privy to the encryption method, this would apply for example to interception of computer use at an ISP. Provided it is correctly programmed, sufficiently powerful, and the keys not intercepted, encryption would usually be considered secure. The article on key size examines the key requirements for certain degrees of encryption security.
Data erasure
When encryption is in place, data erasure acts as a complement to crypto-shredding, or the practice of 'deleting' data by (only) deleting or overwriting the encryption keys. 
Presently, dedicated hardware/firmware encryption solutions can perform a 256-bit full AES encryption faster than the drive electronics can write the data. Drives with this capability are known as self-encrypting drives (SEDs); they are present on most modern enterprise-level laptops and are increasingly used in the enterprise to protect the data. Changing the encryption key renders inaccessible all data stored on a SED, which is an easy and very fast method for achieving a 100% data erasure. Theft of an SED results in a physical asset loss, but the stored data is inaccessible without the decryption key that is not stored on a SED, assuming there are no effective attacks against AES or its implementation in the drive hardware.