What are the potential security risks of using base64 encoding for sensitive data in PHP?

Using base64 encoding for sensitive data in PHP can pose security risks as it is not a form of encryption and can be easily decoded. To mitigate this risk, sensitive data should be encrypted using a secure encryption algorithm before base64 encoding it. This ensures that the data is protected even if the base64 encoding is decoded.

// Encrypt sensitive data before base64 encoding
$sensitiveData = "This is sensitive data";
$encryptionKey = "supersecretkey";

// Encrypt data
$encryptedData = openssl_encrypt($sensitiveData, 'AES-256-CBC', $encryptionKey, 0, '1234567890123456');

// Base64 encode the encrypted data
$encodedData = base64_encode($encryptedData);

// To decode and decrypt the data:
$decodedData = base64_decode($encodedData);
$decryptedData = openssl_decrypt($decodedData, 'AES-256-CBC', $encryptionKey, 0, '1234567890123456');

echo $decryptedData;