E X P E R T O P I N I O N
within encrypted traffic, bypassing traditional security measures like firewalls and antivirus programmes.
However, encryption is a fundamental tool for everyday privacy and security, used by global businesses, governments and individuals to protect sensitive information like financial transactions, medical records and personal communications. Heavily regulated industries such as financial services and healthcare – any that possess vast amounts of Personally Identifiable Information( PII) – require encryption to meet legal and regulatory standards. I would advocate that any business that wants to protect customer information and foster trust should use encryption.
Myth 4 – I have nothing to hide, so I don ' t need encryption
Privacy isn ' t about hiding something; it ' s about protecting and safeguarding personal information. We often take privacy for granted and sleepwalk into trouble by giving our data away without realising it. Think about the impact if your identity was stolen or if your financial details and personal health records were compromised. Data privacy should be universally respected as a fundamental human right. Every individual should have access to encryption technology to keep personal information safe.
Myth 5 – Encryption slows down devices
Modern encryption algorithms are highly optimised, and for most devices, the impact on performance is negligible. Currently, data is highly distributed and siloed, making centralisation difficult for strategic and legal reasons, hindering its potential. Businesses need to be able to better leverage data and reduce access burdens. Before they can do this effectively, they won’ t be able to maximise their potential.
Of course, there are preventative workarounds, such as tokenisation, data masking and synthetic data, but these solutions don’ t deliver the scale, speed and access that enterprises need. Consequently, organisations find they are hampered in several ways. Innovation is stifled, which slows product development and collaboration.
This could lead to data security challenges, regulatory issues and data enablement barriers.
For example, a global leader in clinical trials is looking for candidates to evaluate an oncology drug that has significant R & D and financial investment behind it. If the business is prevented from accessing national healthcare registries in Europe due to strict privacy laws – that insist that no data may be removed from local servers for use – the clinical trials leader cannot access the diverse patient populations required for the trial.
This is where fragmented, siloed healthcare data and strict privacy regulations make it difficult to identify the right participants across multiple jurisdictions.
Turning encryption into a business enabler
If businesses cannot effectively unlock data, this will hinder their ability to develop and build for the future and may even lead to their failure.
This is where the power of Next- Gen FHE( or Data-In-Use Encryption) comes into its own. Unlike traditional forms of encryption, which makes using encrypted data impossible without decryption, Data-In-Use Encryption allows software to perform computations, searches, or analytics as if the data were not encrypted.
With Data-In-Use Encryption, users don’ t have to surrender their encryption keys and if a data leak occurs, the encryption renders it unusable to threat actors.
By integrating Data-In-Use Encryption, businesses can, for the first time, turn encryption into a business enabler to drive growth, expand markets and maintain a competitive advantage.
This is a game-changer. Over 60 % of the organisations we engage with could significantly improve or rebuild their products by better-exploiting data and reducing access burdens whilst maintaining robust data security.
Data is the backbone of our digital economy; harnessing data is fundamental to business success. Imagine the possibilities if secure access to data was open, borderless and readily available. �
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