April 18, 2017

Technical.ly: Former NSAers are Taking Encryption to a New Level

Enveil is highlighted as an example of companies providing innovative encryption products

Excerpt:

In cloud computing, encryption provides protection for storing and moving data. The founder of Enveil said the startup’s technology can keep data encrypted when it’s being used, too.

The Howard County company is commercializing technology that began development at the NSA that allows encryption to remain in place while searching or analyzing data, said En|Veil founder and CEO Ellison Anne Williams.

Currently, decryption is required before performing these functions, leaving the data and the results of the operations potentially vulnerable to outsiders. The startup’s algorithms enable a method of encryption that protects in-use data to be used at a larger scale, said Williams.

“This is the first time in over 20 years of work into homomorphic encryption that this kind of scale has been achieved,” Williams said during a pitch at the RSA Conference’s Innovation Sandbox event. The company won second place in the competition, which seeks to name the “most innovative startup” at the national security conference.

Williams offered finance as an example of one industry that would benefit from the technology, but said it could be useful “wherever there’s a need to protect your data as it’s being used.”

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Enveil is a pioneering Privacy Enhancing Technology company protecting Data in Use. Enveil’s business-enabling and privacy-preserving capabilities for secure usage, collaboration, and monetization protect data while it's being used or processed – the 'holy grail' of data encryption. Defining the transformative category of Privacy Enhancing Technologies (PETs), Enveil’s homomorphic encryption-powered ZeroReveal® solutions allow organizations to securely derive insights, cross-match, search, and analyze data assets without ever revealing the contents of the search itself or compromising the security or ownership of the underlying data.
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