Privacy Enhancing Technologies for Data Security

This article is a report on Duality Technologies, a company recognized as a World Economic Forum Technology Pioneer, which specializes in Privacy Enhancing Technologies (PETs). The report outlines the company's development of homomorphic encryption, a technology that allows organizations to perform computations on encrypted data without needing to decrypt it first. This capability enables secure data collaboration among various entities, including financial institutions and government agencies, while maintaining privacy. The article details a case study involving law enforcement and financial services that illustrates how homomorphic encryption can facilitate investigations into financial crimes without exposing sensitive information. The report also discusses the company's founding, its funding achievements, and its position within the competitive landscape of data privacy technologies, highlighting its unique offering of comprehensive PET solutions, including federated learning.