Imagine performing computations on encrypted data without having to decrypt it! That’s the beauty of
Homomorphic Encryption. It allows organizations to perform complex calculations while keeping the data in its encrypted form, thus ensuring that sensitive information is NEVER exposed during processing. Companies in the financial sector, like banks, can leverage this technique to analyze transactions while ensuring protection against data leaks or unauthorized access. As per various resources, such as
Privacy Dynamics, adopting such algorithms can SIGNIFICANTLY enhance the privacy of sensitive datasets.