February 29, 2024

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Improving Data Security in the Philippines with Next-Gen Encryption

Towards the end of 2020, a global software provider in the Philippines launched a service that allowed its clients to analyse data in the cloud or on third-party platforms without ever decrypting it. Companies can use fully homomorphic encryption (FHE) to create a testing environment for developing prototype applications without exposing confidential data.

Current encryption techniques protect data while it is in storage or transit, but they create a gap that exposes data to exposure and theft when it is decrypted. Although FHE is still a new technology, it is already filling a gap in the majority of today’s encryption solutions.

Next-generation encryption makes it simple to keep your data out of the wrong hands. It is always active, encrypting all of your data from the moment it is created. And the data is always encrypted, even when transferred to a shared folder, USB stick, or the cloud. Moreover, next-generation encryption also communicates with the rest of your IT system, sharing and acting on security intelligence. If your endpoint detects a threat, the encryption keys are automatically revoked, ensuring that your data remains secure even if hackers gain access to your network.

During an online briefing and demo, the software provider’s research AI security group manager discussed how FHE changes the way businesses protect their data. He explained that the process includes not only the ability to encrypt data in transit but also the ability to perform computations without decrypting the data. If malicious entities gain access to the user’s server or cloud account, they will be unable to see the data itself.

“If you wanted to perform computation over that data, then you would have to decrypt it. If a malicious entity got access to your server or your cloud account, at that exact point when the data is vulnerable, they would be able to see the data and steal it. FHE changes this,” he said.

Employee records, customer details, loyalty schemes, transactions, and data collection are all examples of key pieces of information that businesses commonly store. This is maintained to protect that data from being used for fraud by third parties, such as phishing scams and identity theft.

Before businesses can fully benefit from what FHE has to offer, they must first be able to learn and experiment with it, according to the tech giant. Businesses can use the encryption services to get a scalable hosting environment on the software provider’s Cloud.

FHE is based on “quantum-safe” lattice cryptography and is intended to be resistant to future quantum-computing requirements. Initial FHE computations were too slow to be practical for everyday use before being able to perform at seconds per bit. A research and advisory firm estimates that by 2025, at least 20% of companies will have budgeted for projects centred on FHE, compared to less than 1% today.

“We have to accept the fact that every organisation will use multiple clouds – either what they have internally in their data centre or what they consume from the public cloud space from any of the popular vendors. Sharing data and making data available for computing somewhere else is a pattern that we will have now after Covid,” added the software technical manager.

Moving forward, the company stated that it will collaborate closely with its clients in developing prototype solutions and use cases for FHE technology, with an initial focus on developers and crypto engineers. Some of the initial use cases include analysing encrypted data and training AI and machine learning models while maintaining privacy and confidentiality controls.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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