Homomorphic Encryption: Banks Take Notice (Part 1)

Banks are showing interest in solutions based on homomorphic encryption, including for sharing information on cybercrime. Jo takes a look at what this technology is, and if these solutions can be commercially viable.

Encryption is like phone networks, or railways, or plumbing—it’s a huge part of our daily lives that we very seldom think about. Encryption protects the most personal information we share online in interactions with our bank, our doctor, our friends, and when we shop, and stream video, and store our photos in the cloud.

All firms encrypt sensitive data—from competitive data to personally identifying information (PII) about individuals—that has to be protected at rest or in transit. Regulations

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