IBM Preps Clients for Next Gen Encryption Technology | Financial Buzz

IBM Preps Clients for Next Gen Encryption Technology

IBM (NYSE: IBM) Security launched a new service to provide companies a platform to experiment with fully homomorphic encryption, designed to allow data to remain encrypted while being processed or analyzed in cloud or third party environments.  The IBM Security Homomorphic Encryption Services provide companies with education, support and a testing environment for clients to develop prototype applications that can utilize the FHE. 

As the hybrid cloud grows, sensitive data will be more broadly stored, analyzed and shared across platforms and parties, exposing it to numerous security controls and risks.  Encryption techniques allow data to be protected during storage and in transit the data must be decrypted while being processed or analyzed.  This creates a window of opportunity where data is more vulnerable to theft or exposure. 

“Fully homomorphic encryption holds tremendous potential for the future of privacy and cloud computing, but businesses must begin learning about and experimenting with FHE before they can take full advantage of what it has to offer,” said Sridhar Muppidi, Chief Technology Officer, IBM Security. “By bringing IBM’s cryptography expertise and resources to our clients that are driving innovation in their unique industries, we can work together to create a new generation of applications that leverage sensitive data, without compromising its privacy.”

As FHE technology continues to advance, these solutions will allow companies to apply functions such as search, AI and analytics to their data in an environment without revealing the data to the underlying service in order to maintain existing compliance and privacy controls as part of a “zero trust” security strategy. 

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