January 18, 2019

OPEN Forum: How to Help Protect Your Customers' Financial Information

Enveil CEO Ellison Anne Williams speaks with OPEN Forum about the importance to securing customer data in the financial space.

Excerpt: [Ellison Anne] Williams says encryption is effective because it renders the data useless to attackers. For example, if they steal credit card or other financial information, they receive garbled bits instead of a string of numbers they can repurpose.

“If they break in and take the encrypted data, they can't do anything meaningful to it—they can't exploit it," she says. “[Encryption] also has the effect of greatly deterring attackers from breaking in because if you're encrypting at every step of the lifecycle… they can't do anything with it and their motivation goes way down to attack the organization."

She notes, however, that the focus is typically on data at rest (where it resides, like a database) and in transit (transmitted through the network), but not when it's in use. So when the information is decrypted in memory—for example, to conduct analytics on customer transactions—it's still at risk.

“If I'm an attacker, I can patiently wait until you go use your data, and steal it when it's decrypted in memory—so everything you've worked hard to protect… is now exposed," she says.

Read the full article.

To learn more about the expanded value unlocked by Enveil, please schedule a meeting.
Enveil is a pioneering Privacy Enhancing Technology company protecting Data in Use. Enveil’s business-enabling and privacy-preserving capabilities change the paradigm of how and where organizations can leverage data to unlock value. Defining the transformative category of Privacy Enhancing Technologies (PETs), Enveil’s award-winning ZeroReveal® solutions for secure data usage, sharing, collaboration, and monetization protect data while it's being used or processed. Customers can extract insights, cross-match, search, and analyze data assets at scale without ever revealing the content of the search itself, compromising the security or ownership of the underlying data, or exposing their interests and intent.
Copyright © 2022 Enveil