PRIVACY ENHANCING COMPUTATION
One of the most exciting technology advances is privacy-enhancing computing. Learn more about one of the most interesting new advancements in the field of security.
The term “information seems to be the new oil” is probably familiar to you. As we approach a new decade, it looks that data will continue to be one of the most precious things a corporation can create, and protect.
Consumers are becoming more conscious of their own personal data and are increasingly skeptical of who they let manage it while company operations continue to prioritize data privacy and security.
What is Privacy-Enhancing Computation, and how does it work?
PEC is defined as having three technologies that secure data while it is in use and falls under the area of “people centricity.” Among these technologies are:
- A secure environment in which confidential information may be handled or evaluated.
- Processes and analyses data in a decentralized manner.
- Before analytics or processing, data and algorithms are encrypted.
- Organizations are now able to conduct research safely across geographies and with rivals without jeopardizing their anonymity as a result of this development.
The Importance of Privacy-Enhancing Computing
As previously stated, PEC was created to meet the growing demand for data sharing while ensuring security and privacy. Furthermore, today’s organizations are seeking ways to ensure consumers – as well as other firms in a B2B setting – that whatever data they hold is secure.
More progress has been achieved in the domain of PETs (privacy-enhancing technologies), a broad category of technologies that allow, enhance, and protect data privacy throughout its lifespan, as a result of growing concerns about data privacy. PETs help safeguard sensitive data by protecting it during processing (“data in use”), according to a data-driven approach to security and privacy.
How Does It Work?
The PEC is a means to interact without disclosing personal or sensitive data by allowing diverse parties to extract value and obtain actionable outcomes from data without sharing it.
While PETs is an umbrella word, numerous technologies protect data while it is being utilized, as well as preserve and enhance security and privacy while searches or analyses are being done. The following are a few examples of how this technology works in more detail:
Homomorphic Encryption – The most secure method of encryption, it permits computation in the encrypted or ciphertext area. In this area, it provides two elementary operations. The ability to multiply two homomorphically encrypted data or values together is the first. Meanwhile, the second concerns the capacity to add two homomorphically encrypted values together, resulting in a meaningful value when the product or total is decrypted. Furthermore, there are two varieties of homomorphic encryption: completely homomorphic encryption, which does both multiplication and addition in ciphertext space, and partially homomorphic encryption, which only performs multiplication. Both forms of data may be used to create algorithms that enable fundamental business activities such as encrypted searches and encrypted analytics such as machine learning and AI.
Multiparty Computing – It is a set of techniques that enables many participants to work on data together while keeping their individual inputs secret. Nothing except prospective business outcomes can be decoded by any single party.
Zero-Knowledge Proofs – this cryptographic method allows data to be verified without disclosing any of the data itself.
Trusted Execution Environments – these are the least secure (and least private) options. TEEs use a perimeter-based security architecture, however, the perimeter is very narrow and is located on the hardware chip itself rather than at a network border.
Vgosh Info’s Data Security Strategy
Your information is vital. We can assist you in keeping it secure.
There’s no such thing as a modest network security compromise when it comes to your company’s most sensitive data. Every flaw or hole in your network exposes your data and may be costly to your business, which is why we take proactive measures to ensure that your network is as secure as possible.
We aim to secure your network perimeter so that your sensitive data is never hacked or exposed to unauthorized people. Vgosh Info’s Security Services team manages your IT security technologies, policies, processes, and security operations to guarantee that your endpoints are secure and protected.
Do you require assistance in securing your assets? We’ve got you covered. Make an appointment with us right now!
