What is Privacy- Enhancing Computation?

What is privacy-enhancing computation? This question is spreading over the internet these days. There are numerous technology solutions to data theft. All businesses built on data which is valuable resource available today. Keeping this asset safe becomes the top priority for corporations as its worth continues to rise. To gain useful insights, data must be handled, processed, and analyzed. Data can potentially misused by malevolent attackers because it is sensitive. However, the work becomes herculean when you consider the enormous number of data that needs to be protected for privacy.

Despite the existence of numerous privacy-enhancing laws worldwide, including the GDPR in the EU, privacy violations are nevertheless relatively common. One of the main causes of this is the fact that businesses are transacting with each other through third parties. In order to gather to enhance their services, obtain some priceless data, or perhaps just make more money using available data.

Privacy-enhancing computation:

Utilizing privacy-enhancing computation (PEC) and technologies (PET) has become a key security precaution for enterprises. As a result of the surge in cyberattacks and attackers’ use of more sophisticated tactics to access data.

While maintaining privacy-enhancing or secrecy online, computations that enhance privacy safeguard data while it is in use. Emerging technology solutions help software engineers to bring something for data privacy protection.

Following are the three types of privacy-enhancing computation:

• First one is trusted data environments that enable safe data processing

• Analytical machine learning with a focus on privacy.

• Also using homomorphic encryption to protect data privacy by algorithm modification

Reasons of implementing data privacy protection

Businesses adopt privacy-enhancing computation primarily to fend off and minimize privacy issues. Any company that doesn’t secure its infrastructure runs the danger of being attacked by thieves and losing crucial information.

Organizations are required to put safeguards in place for the consumer data. They have gathered under the terms of data protection legislation like GDPR and CCPA. It’s a safety net that was established to prevent companies from suffering a monetary loss result of data breaches.

In the era of digital transformation, protecting crucial data is a crucial element of efficient data migration processes. While ensuring that data interpretation does not have an impact on an individual’s basic authenticity, disposition, and interest. Basically, it protects enterprises from potential harm.

Which Is A Fundamental And Well-Established Privacy-Enhancing Technology?

Privacy-enhancing technologies are now being investigated, created, and put into use by companies all around the world. The use of limited disclosure technology, anonymous login credentials, the enforcement of data handling policies, and data transaction logs are just a few examples. Privacy violations and a lack of analytical knowledge independence are just two of the factors that make privacy-enhancing technologies so essential to contemporary digital culture. 

Common examples of privacy-enhancing technologies include the following:

Homomorphic encryption is a clever cypher technique that makes it easier to perform computational operations on encrypted data.

Cryptographic Algorithms – The end-user can transfer, evaluate, and return the data because the output is completely encrypted. When decrypted, exactly matches system data.

Data Masking Techniques – Companies who want to safeguard sensitive data sets might employ data masking techniques. Obfuscation, the main word used to describe data masking. It refers to the techniques used to reconstruct sensitive information using false and misleading data from a profile or log.

AI & ML Algorithms – ML algorithms, are used to artificially create synthetic data. In this context, privacy-enhancing technologies can be applied to data to create testing environments that can be shared with third parties.