Category Archives: Encryption

Fully Homomorphic Encryption (FHE) with silicon photonics the future of secure computing – Information Age

As data breaches and cyberattacks become increasingly sophisticated, traditional encryption methods face unprecedented threats.

The rise of quantum computing also poses a significant risk to current encryption methods, which could be rendered obsolete by the computational power of quantum. Additionally, the exponential growth in machine learning and artificial intelligence heightens the need for secure computing, as these technologies rely heavily on vast and high quality datasets.

If compromised data is fed into AI models, the resulting outputs will also be compromised, therefore, ensuring the quality, integrity and accuracy of data, in addition to its volume, is critical. Fully Homomorphic Encryption (FHE) offers a way forward, poised to transform how we handle and share sensitive data.

Data is often referred to as the most valuable global asset. However, its true value is only realised when used to make informed decisions be it improving operational efficiency, developing products or understanding societal trends. Organisations are increasingly seeking ways to optimise this value through new technologies such as AI, ML and data collaboration. However, valuable data often remains siloed within organisations and the most valuable data is usually the most sensitive.

Data breaches by criminal organisations can also have devastating consequences, not only for the organisation, but for the individuals whose personal data has been stolen. This data must be kept confidential and shared only with trusted parties. However, the need for collaboration introduces tension between the benefits of data sharing and the risks to confidentiality.

Encryption is typically applied to sensitive data only when data is being moved or stored. To process data, it typically needs to be decrypted first, exposing it to risks. This presents a dilemma protecting data and limiting its use or utilising the data and increasing exposure to breaches.

FHE resolves this tension by enabling encrypted data to be computationally processed. Data can be shared without ever being exposed or vulnerable, making it useless to attackers even if intercepted. FHE is ushering in a new era of secure computing and supporting the new data economy by allowing multiple parties to work on the data without ever actually accessing it.

Despite its immense potential, FHE has faced significant adoption challenges, primarily due to its substantial computing power requirements and the inefficiencies of traditional electronic processing systems. FHE requires specialist hardware and considerable amounts of processing power, leading to high energy consumption and increased costs. However, FHE enabled by silicon photonics using light to transmit data offers a solution that could make FHE more scalable and efficient.

Current electronic hardware solutions systems are reaching their limits, struggling to handle the large volumes of data and meet the demands of FHE. However, silicon photonics can significantly enhance data processing speed and efficiency, reduce energy consumption and lead to large-scale implementation of FHE. This can unlock numerous possibilities for data privacy across various sectors, including healthcare, finance and government, in areas such as AI, data collaboration and blockchain. This could potentially lead to significant progress in medical research, fraud detection and enable large scale collaboration across industries and geographies.

The Covid-19 pandemic highlighted the real-world outcomes when organisations collaborate effectively for a shared goal. Vaccine development, typically a lengthy process, was accelerated through big pharma companies working together. For example, the partnership between BioNTech, Fosun Pharma, and Pfizer led to the rapid development of the widely distributed Pfizer-BioNTech vaccine. This involved sharing large amounts of unique and valuable information, including biomedical data and trial results often without formal agreements in the early stages. However, this also highlighted the risk of compromising sensitive information and the need for better tools to ensure data security and confidentiality.

Privacy Enhancing Technologies (PETs) have traditionally been complex and challenging to deploy. However, FHE stands out by its ability to maintain full cryptographic security, which ensures data remains protected against unauthorised access during processing. This allows data scientists and developers to run data analysis tools on sensitive information without ever seeing or compromising sensitive data. While implementing FHE presents challenges for users without cryptographic skills, modern FHE software tools are making it increasingly accessible without requiring deep cryptographic knowledge. Additionally, regulatory environments are evolving to support widespread FHE adoption. Guidance from bodies like the Information Commissioners Office (ICO) and regulatory sandboxes in regions like Singapore are supporting the development of FHE. Its applications are vast, spanning government-level data protection, cross-border financial crime prevention, defence intelligence exchange, healthcare collaboration, and AI integration.

In healthcare, for example, FHE can enable secure analysis of patient data, supporting advanced research while ensuring patient data remains confidential. Financial institutions can perform secure computations on encrypted data for risk assessments, fraud detection, and personalised financial services. Government and defence companies can also enhance national security with secure communication and data processing in untrusted environments. Additionally, FHE allows for the secure training of machine learning models on encrypted data, combining AIs power with data privacy.

FHE is set to transform the future of secure computing and data security. By enabling computations on encrypted data, FHE offers new levels of protection for sensitive information, addressing critical challenges in privacy, cloud security, regulatory compliance, and data sharing. While technical challenges remain, advancements in FHE technology are paving the way for its widespread adoption.

As we continue to generate and rely on large amounts of sensitive data to solve some of societys biggest challenges, FHE enabled by silicon photonics provides a secure and efficient solution that ensures data can be used and remain confidential. The future of secure computing is one where organisations can do more with their data, either through secure sharing or processing unlocking its full potential without compromising privacy.

Nick New is the CEO and founder of Optalysys.

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Fully Homomorphic Encryption (FHE) with silicon photonics the future of secure computing - Information Age

Cloud Encryption Software Market size is set to grow by USD 25.39 billion from 2024-2028, increasing use of in-built cloud encryption solutions boost…

NEW YORK, July 22, 2024 /PRNewswire/ --The globalcloud encryption software marketsize is estimated to grow by USD 25.39 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over60.8% during the forecast period. Increasing use of in-built cloud encryption solutionsis driving market growth,with a trend towardsincreasing adoption of BYOD.The strongest encryption software is generally considered to be OpenVPN using AES-256 encryption, alongside other advanced options like VeraCrypt for full-disk encryption, and PGP (Pretty Good Privacy) for securing emails. These solutions offer robust security and are widely trusted in the industry.

Get a detailed analysis on regions, market segments, customer landscape, and companies-View the snapshot of this report

Cloud Encryption Software Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 60.8%

Market growth 2024-2028

USD 25394 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

43.04

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 36%

Key countries

US, China, UK, Germany, and Japan

Key companies profiled

Alphabet Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Technologies Inc., F Secure Corp., Forcepoint LLC, Hewlett Packard Enterprise Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., Intuit Inc., Lookout Inc., McAfee LLC, Microsoft Corp., Netskope Inc., Proofpoint Inc., Secomba GmbH, Sophos Ltd., Thales Group, and Trend Micro Inc.

However,high capital investment for deployment poses a challenge. Key market players include Alphabet Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Technologies Inc., F Secure Corp., Forcepoint LLC, Hewlett Packard Enterprise Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., Intuit Inc., Lookout Inc., McAfee LLC, Microsoft Corp., Netskope Inc., Proofpoint Inc., Secomba GmbH, Sophos Ltd., Thales Group, and Trend Micro Inc..

Market Driver

The Bring Your Own Device (BYOD) trend allows employees to use their personal devices at work to access corporate information. This policy brings benefits such as reduced IT department workload and increased productivity, leading to operational cost savings for organizations. However, it also introduces security challenges. With employees sharing confidential information through social media and personal email accounts, monitoring cloud-based applications and social media platforms becomes difficult. The risk of security breaches increases, making cloud encryption software a necessary solution. This market is anticipated to grow due to the rising demand for securing sensitive data in the BYOD era.

The Cloud Encryption Software Market is experiencing significant growth due to increasing data security concerns across various industry verticals. Sectors like Life Sciences, Government, Automotive, Food Manufacturing, Consumer Goods, Electronics, Education, and IT & Telecom are investing heavily in data security services to protect sensitive information. With the rise of mobile technology and advancements in smartphones and cloud computing, data security has become a top priority. Encryption software is essential for securing intellectual property, preventing commercial espionage, and mitigating risks from theft & losses. Deployment options include on-premise and cloud-based solutions for email, DVDs, cloud storage, and disk encryption. Big data analytics, internet penetration, and cloud services are driving the demand for advanced data protection against cyber threats, including ransomware attacks, insider threats, and unauthorized access. Large enterprises in sectors like Healthcare, Aerospace & Defense, and Retail are particularly vulnerable to these risks and are turning to encryption software for advanced data protection. Quantum-safe encryption and quantum computing are emerging trends to counteract the increasing threat from cybercriminals.

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MarketChallenges

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Segment Overview

This cloud encryption software market report extensively covers market segmentation by

1.1BFSI- The Cloud Encryption Software market is growing as more businesses adopt cloud solutions for data storage. Encryption software provides an essential layer of security by encoding data before it is transmitted or stored in the cloud. This helps protect against data breaches and unauthorized access. Major players in this market include IBM, Microsoft, and Amazon Web Services, who offer robust encryption solutions to meet various business needs. These companies invest in research and development to provide advanced features, such as key management and multi-factor authentication, ensuring data security in the cloud environment.

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The global Talent Management Software Market is experiencing robust growth due to increasing demand for employee engagement and retention solutions. Similarly, the global Software-Defined Storage (SDS) Market is expanding rapidly, driven by the need for cost-effective and scalable storage solutions. The global User Provisioning Market is also on the rise, fueled by the growing emphasis on security and compliance in user access management. These markets are set to witness significant advancements as organizations continue to adopt innovative technologies to enhance operational efficiency and data management.

Research Analysis

The Cloud Encryption Software market is witnessing significant growth due to the increasing adoption of cloud services and the resulting data security concerns. Cyber threats such as unauthorized access, ransomware attacks, and commercial espionage pose a major risk to individuals and organizations, making data encryption essential. Cloud encryption software provides quantum-safe encryption, ensuring data remains secure even against quantum computing attacks. Stakeholder information, regulatory standards, and critical data require the highest level of protection. Digital transformation methods, including mobile technology advancements in smartphones and hardware and software, necessitate robust encryption solutions. Performance, availability, and security are key considerations, with encryption ensuring data remains accessible and secure. Data security concerns continue to escalate, with theft & losses and sensitive data at risk. Cloud encryption software offers a vital solution, mitigating risks and safeguarding valuable information.

Market Research Overview

Cloud encryption is a critical component of advanced data protection in the digital age, as cloud services become increasingly popular for individuals and organizations. With the rise of cyber threats such as unauthorized access, ransomware attacks, insider threats, and fraud risk, the need for robust encryption solutions has never been greater. Quantum-safe encryption, a method that protects data from quantum computing attacks, is gaining traction as a key defense against advanced cyberattacks. Industries like healthcare, aerospace & defense, IT & telecom, retail, and the telecommunications sector are particularly vulnerable to data loss and cyberattacks. Regulatory standards, such as HIPAA and GDPR, impose stringent requirements for data protection. Encryption software providers offer solutions for end-to-end encryption, secure data transfer, and compliance with data security standards. Performance, availability, and security are top priorities for large enterprises, which are investing heavily in IT spending to address data security concerns. Mobile technology advancements, including smartphones and cloud computing, have expanded the attack surface for hackers, making encryption essential for protecting sensitive data. Budget restrictions and the need for consulting services and global technology and business services have led to a growing market for cybersecurity products and services, including encryption software, endpoint protection, network protection, mainframe security, application security, and data security services. Industry verticals like life sciences, government, automotive, food manufacturing, consumer goods, electronics, and education are all investing in encryption software to protect intellectual property, sensitive data, and critical infrastructure from cyber threats. The Indian government and internet intermediaries are also implementing national cybersecurity frameworks to address the growing threat landscape. Qualified cybersecurity professionals are in high demand to help organizations deploy encryption software and navigate the complex regulatory landscape. Consulting services and global financing offerings are available to help organizations overcome budget restrictions and implement effective encryption strategies.

Table of Contents:

1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation

7Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email:[emailprotected] Website:www.technavio.com/

SOURCE Technavio

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Cloud Encryption Software Market size is set to grow by USD 25.39 billion from 2024-2028, increasing use of in-built cloud encryption solutions boost...

Trump shooter had 3 encrypted overseas accounts – Finbold – Finance in Bold

The failed Trump assassination attempt has proven to be fertile ground for theories and conspiracies, with every new step in the investigation apparently raising more questions than answers.

The latest development came during the Republican National Convention (RNC) on July 18 when Representative Mike Waltz stated during an interview that Thomas Matthew Crooks the would-be assassin has two mobile phones and 3 encrypted overseas accounts.

At the time of publication, the significance and details of the claims remain unclear, as the congressman simply stated that the FBI was pissed, requesting more resources, and conducting the investigation. He added that more information would be available after the Monday briefing.

The matter became somewhat less clear due to a follow-up comment that the servers holding the bank data are overseas and that the FBI would need support from its local agents and allies.

Additionally, the significance of the accounts being encrypted similarly remains unclear given that, in the age of digital banking, all bank accounts should have some encryption as protection.

Some commenters on social media X have also speculated that the accounts in question may be related to cryptocurrency exchanges such as Binance and Kraken.

Again, this speculation aligns with the nature of crypto exchanges, where high-level encryption and security measures are fundamental to their operations.

Given the rise of digital assets and the importance of encryption in protecting these holdings, it is plausible that the reference to encrypted accounts points towards involvement with cryptocurrency platforms.

Either way, the news came out at a time of heightened national sensitivity as the Secret Service is facing criticism for failing to properly secure Trump during the Pennsylvania rally, and with allegations of foreign and even domestic involvement running rampant.

Some of the most frequently mentioned theories concern the possible involvement of Iranian authorities.

Not only do Iran and the U.S. view each other as foes, but the first Trump administration carried out the assassination of the Iranian special forces general Qasem Soleimani, who is viewed as a hero domestically.

Some have even alleged possible involvement of Ukrainian authorities, as Trump is known for his admiration of President Putin and opposition to the aid sent to Ukraine.

On the domestic front, not only did President Bidens comments about putting Trump in the bulls eye draw criticism, but a massive short position later claimed to be a clerical error placed against Trump Media (NASDAQ: DJT) shortly before the attack fueled the theorists fires.

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Trump shooter had 3 encrypted overseas accounts - Finbold - Finance in Bold

Hardware encryption to be developed for Europe’s Future Combat Air System by Indra, IDBOTIC – Military Embedded Systems

News

July 19, 2024

Technology Editor

Military Embedded Systems

ALCOBENDAS, Spain. Indra has signed an agreement with Spanish startup IDBOTIC to enhance the NGWS/FCAS program, Europe's largest defense initiative aimed at developing the Future Combat Air Systems (FCAS), the company announced in a statement.

IDBOTIC, founded in 2019, specializes in hardware encryption and authentication of Internet of Things (IoT) communications. The company will work with Indra to develop technologies that provide a non-clonable identity for sensors and systems in the NGWS/FCAS program, the company says.

The collaboration will focus on three projects: ensuring hardware security, distributing private keys quickly, and integrating encryption and decryption processes resistant to post-quantum attacks, which aim to secure the communications within the combat cloud of the NGWS/FCAS, the statement reads.

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Hardware encryption to be developed for Europe's Future Combat Air System by Indra, IDBOTIC - Military Embedded Systems

Trump gunman had Michigan school shooter’s photo, foreign encrypted apps, FBI tells Congress – Just The News

While Secret Service Director Kimberly Cheatle frustrated lawmakers Monday with sparse details about the assassination attempt on Donald Trump, the FBI has disclosed to Congress that the shooter used three encrypted communications apps ostensibly tied to Germany, Brussels and New Zealand and also possessed an arrest photo of an earlier Michigan school shooter, Just the News has confirmed.

In multiple briefings, FBI leaders told lawmakers that the 20-year-old would-be assassin Thomas Matthew Crooks primary cell phone has become an important focal point of the probe, including some 14,000 images that were found on it, according to multiple sources familiar with the briefings. The FBI has not issued an update on their findings to the public since July 14.

That phone included an arrest photo and other information related to Ethan Crumbley, who was convicted in the deadly 2021 shooting at Oxford High School in Michigan, as well as information about Crumbleys parents, the sources said, speaking only on condition of anonymity.

The phone also included stock images of firearms and guns, articles regarding U.S. government figures as well as a screenshot of online live coverage of July 13 rally saved at 6:01pm, about 10 minutes before Crooks began shooting from a rooftop near the Butler, Pa., venue where Trump was speaking.

One of the most tantalizing pieces of evidence from the phone, according to the sources, was three foreign encrypted platforms used by Crooks that were apparently based in Germany, New Zealand, and Belgium. The encryption on the apps poses a significant challenge, according to one source.

The FBIs closed-door briefings also provided a far more detailed timeline about the events leading up to the shooting than Cheatle offered the House Oversight Committee, including that the Secret Service first conducted a site survey at the Butler event venue on July 8 that included the AGR industrial building that Crooks eventually used as a shooters nest, the sources said,

That survey was five days before the event, and resulted in a security plan that relied on three concentric rings of security around the podium, according to the sources.

Crooks visited the Butler Farms venue twice before the shooting, once on July 7 and again at 10:30 a.m. the morning of the shooting. He returned to retrieve a gun and then bought some ammunition before returning to the venue, the sources said,

The FBI also told lawmakers that the Secret Service was first notified at 5:51 p.m. ET on July 13 by the Pennsylvania State Police about a suspicious person at the speaking venue, and that information was relayed just a minute later to the Secret Service counter sniper team and response agents on the ground.

That means the Service had at least 9 minutes warning before Trump began speaking and 20 minutes before Crooks began shooting, the sources told Just The News.

One minute before the first shots were fired, the Secret Service sniper was alerted that there was a local police incident at the 3 p.m. position to where Trump was speaking. One of Trumps detail agents began inquiring what was going on just before the first shot was fired, the sources said.

The FBI said evidence that its agents recovered from Crooks body or nearby after a counter-sniper killed him included the AR-15 rifle he used, a remote transmitter, a receipt from Home Depot, and his primary cell phone. The bureau told lawmakers that evidence seized from his vehicle in the parking lot at the Butler venue included:

Evidence seized from his residence included:

Agents said the most startling finding thus far has been the complete absence of evidence revealing any political or ideological motive for Crooks' shooting, the sources said, recounting what the FBI told Congress.

On his laptop, Crooks visited websites about building explosive devices and left a message in an online gaming platform with his profile picture that read: July 13 will be my premiere.

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Trump gunman had Michigan school shooter's photo, foreign encrypted apps, FBI tells Congress - Just The News

Fedora 41 Aims To Support Self-Encrypting Drives Within Its Installer – Phoronix

Coming in as a rather late change proposal for Fedora 41 is to support self-encrypting drives from within the OS installer.

The change proposal filed by three Red Hat engineers is to have optional support for leveraging native hardware encryption on TCG OPAL2 compliant drives from within Fedora's Anaconda installer.

The latest cryptsetup LUKS software can be configured to use self hardware encryption on SATA and NVMe drives supporting the TCG OPAL2 standard. This self-encryption support can be used alone or with dm-crypt software encryption on top too for greater data protection.

The Fedora 41 change proposal does note:

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Fedora 41 Aims To Support Self-Encrypting Drives Within Its Installer - Phoronix

Kingstons encrypted, self-destructing, 256GB flash drive is $80 off on Prime Day – PCWorld

If you want to keep your documents and pictures absolutely secure, the Kingston IronKey Vault Privacy 50 flash drive is now available for just $140, down from its $220 MSRP, the best price weve ever seen for this 256GB drive.

Ive been a tech writer for many years now, and quite a few of those years have been spent looking for the best tech deals around because who wants to pay full price? So, finding this Kingston flash drive that takes security seriously for such a good price was a cha-ching moment.

The Kingston IronKey Vault Privacy 50 is FIPS 197 certified, so you can trust that your data is securely encrypted. This model uses unbreakable 256-bit encryption plus Kingstons extra protections against brute force and BadUSB attacks.

The flash drive also allows you to enable Admin, User, and One-Time recovery passwords. Admins can set up passwords for users, giving them access to permitted content only. If the users password is entered incorrectly ten times in a row, theyll be locked out.

The Admin password, however, is more importantif the Admin password is entered incorrectly ten times in a row, the drives contents are crypto-erased, making them impossible to recover.

With read speeds up to 250MB/s and write speeds up to 180MB/s, this thumb drive ensures quick file transfers, saving you time and hassle.

Whatever files you need to keep secure, the Kingston IronKey Vault 50 is a solid solution, especially when its more affordable than ever before so snatch it for $80 off on Amazon before this deal runs out.

Since this is a Prime deal, youll need an Amazon Prime subscription to access the discount. If youre not yet a member, you can start a 30-day free trial for this discount and thousands of others. Plus, make sure to check out our extensive Prime Day coverage to find even more gems!

More Prime Day 2024 deals

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Kingstons encrypted, self-destructing, 256GB flash drive is $80 off on Prime Day - PCWorld

Democratising encryption: Integrating high-security cryptographic solutions across diverse industry sectors – Express Computer

Express Computer is one of India's most respected IT media brands and has been in publication for 33 years running. We cover enterprise technology in all its flavours, including processors, storage, networking, wireless, business applications, cloud computing, analytics, green initiatives and anything that can help companies make the most of their ICT investments. Additionally, we also report on the fast emerging realm of eGovernance in India.

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Democratising encryption: Integrating high-security cryptographic solutions across diverse industry sectors - Express Computer

UCLA Team Creates Optical Computing Method for Processing and Encryption – All About Circuits

UCLA researchers have unveiled a new optical computing method that can replace traditional techniques for performing permutation operations. The proposed technique effectively performs an optical permutation leveraging only passive hardware, removing the need for advanced signal processing and potentially saving power.

Optical computing is not an inherently new concept, with researchers in academia and industry working toward more efficient and high-performance optical devices. The UCLA device, however, uses multiple layers of passive diffraction materialsto encrypt a signal before transmission.

The UCLA researchers designedmultiple layers of diffraction materials, each optimized with different phase values to focus the light at distinct points. The resulting output beams appeared shuffled compared to the input, requiring an inverse operation before the data could be used.

In addition to its optimized diffraction materials, the device enabled each layer to be rotated, further increasing the number of permutation states available. As a result, incident light rays could be permuted without consuming any electronic computing resources.

A similar concept exists in quantitative phase imaging, where image information is stored in the phase instead of the amplitude of the light rays. Applied to encryption, the optimized UCLA devices can not only shuffle data but alsorecover that same data by applying the inverse transform upon reception.

A permutation operation takes an ordered set of data, like an image or bitstream, and shuffles its members into a new set of data. While the new set still contains the same information that can be easily recovered by applying an inverse permutation, it becomes extremely difficult to recover any useful information without knowing the details behind the original permutation.

Inan image, the permutation operation will effectively shuffle each individual pixel while remaining within the same bounds of the image. So, while each pixel remains at the same magnitude and color in a different location, the resulting image after permutation appears to contain no useful information. This is a basic form of encryption and allows secure messages to be sent between parties who know the details behind the permutation.

Traditionally electronic hardware or software achieve this permutation. In the case of software, the CPU can manually shuffle data given the permutation matrix, all the while consuming power and occupying a CPU core. Hardware-based permutation is much faster, but still takes some timeto shuffle the input data. A method of performing a permutation in the optical domain, as the UCLA researchers pursued,can save power and speed up the operation.

Although the UCLA device is still in its infancy, the preliminary results show potential use cases, from telecommunications to data security. Furthermore, if the inverse permutation can be applied in the optical domain as well, the UCLA diffraction-based permutation could enhance securityas a physical encryption/decryption key pair.

While optical computers may not replace traditional computers in every setting, with the help of researchers like those at UCLA, optics-based computers are slowly becoming more applicable to engineering applications.

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UCLA Team Creates Optical Computing Method for Processing and Encryption - All About Circuits

Homomorphic Encryption Market Will Exhibit an Impressive Expansion by 2024-2031 – openPR

The global homomorphic encryption market is anticipated to grow at a CAGR of 8.3% during the forecast period. The increasing amount of data and the growing complexity of problems has resulted in an ever-growing reliance on cloud computing, which is projected to lead to the increasing use of homomorphic encryption. Homomorphic encryption elevates the bar of solutions by adding confidentiality of data during processing and allows computation of fully encrypted data without the need for decryption, thus fully preserving privacy. For instance, in 2021, nearly 847,376 complaints of data breaches were reported, which was a 7% increase from 2020. Among the 2021 complaints received, ransomware, business e-mail compromise (BEC) schemes, and the criminal use of cryptocurrency is among the top incidents reported, according to the Federal Bureau of Investigation.

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Furthermore, funding, investment, and collaborative strategies adopted by key players such as IBM Corp, Intel Inc., Microsoft, and others drive the market growth. For instance, in April 2021, Nasdaq developed new extensions of the 3rd generation Intel Xeon Scalable processor's instruction architecture to significantly accelerate the homomorphic encryption applications. Nasdaq expects to achieve 100x performance gains in 2021 based on a joint research and innovation initiative with Intel. The proofs of concept carried out by Nasdaq are testing the fully homomorphic encryption in the fight against financial crimes, particularly money laundering and fraud detection, using proprietary data while complying with privacy laws. Moreover, in October 2021, Cornami completed an early close to its currently over-subscribed $50M Series C financing led by SoftBank Vision Fund 2 to bring Fully Homomorphic Encryption (FHE) to market. With the advent of FHE in cloud-computing security it allows for extracting valuable data analytics without ever decrypting the data to expose the underlying plaintext data, whether it is sensitive intellectual property (IP), financial information, personally identifiable information (PII), intelligence insight, or beyond. FHE is a significant and critical technology to enable security across the enterprise, industry, fintech, healthcare, academia, and government markets.

Global Homomorphic Encryption Market Report Segment

By Component

Solution Services

By Type

Partially Homomorphic Encryption Somewhat Homomorphic Encryption Fully Homomorphic Encryption

By Application

Secure Data Computation Data Privacy Data Monetization Regulatory Compliance

By End User

BFSI IT and Telecom Health Care Government Educational Institutes Others (Manufacturing, Energy and Utilities)

A full report of Homomorphic Encryption Market available @ https://www.omrglobal.com/industry-reports/homomorphic-encryption-market

Homomorphic Encryption Market Report Segment by Region

North America

United States Canada

Europe

Germany United Kingdom France Spain Italy Rest of Europe

Asia-Pacific

China Japan India Rest of Asia-Pacific

Rest of the World

Middle East & Africa Latin America

Company Profiles

Apple Inc. Cornami, Inc. Cosmian Tech CryptoExperts SAS Desilo Duality Technologies Inc. Enveil, Inc. Inpher Netskope Inc. Nvidia Corp. ShieldIO

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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.

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Homomorphic Encryption Market Will Exhibit an Impressive Expansion by 2024-2031 - openPR