In the March issue of Security Journal UK, Enveil CEO Ellison Anne Williams talks about how Privacy Enhancing Technologies (PETs) are shifting the paradigm of secure data usage by enabling organizations to safely, securely, and compliantly leverage data:
“Digital transformation, the rise of the digital economy, and the broad recognition of data as an asset have significantly transformed global data requirements, making it critical for us to advance awareness surrounding the challenges and opportunities in the data privacy arena. Data Privacy Day does a great job of spurring such discussion.
“With the vast quantities of data available today, organizations increasingly need to find the right balance between value extraction and risk management. Regulators are scrambling to keep up with the pace of change so there is frequently a lack of clarity concerning the boundaries of acceptable data use. Leading data-driven organizations are forced to ask themselves: ‘how much risk can we tolerate?’
“Privacy Enhancing Technologies (PETs) are changing the paradigm of how and where organizations can leverage data to unlock value. At its core, this category of technologies enable, enhance, and preserve the privacy of data throughout its lifecycle, securing the usage of data. PETs help engineer the trust needed to use data to its fullest potential.
“Modern digital businesses must cross global data silos, but the current barriers are leaving massive unrealized data value on the table. By leveraging PETs, organizations can use data across silos, jurisdictions, and organizational boundaries to efficiently collaborate across the global patchwork of data regulations. From the public sector to the private, ensuring secure and private usage of the widest pool of data sources, will be the most important advancement in data privacy yet.”
Check out the full piece here.