Moody’s Talks: KYC Decoded
Decrypting Privacy Enhancing Technologies (PETs)
Apr 26, 2024
Michael Hughes, PET expert, discusses the impact of PETs in AFC programs. Topics include PET value in KYC, privacy vs. data usefulness, regulatory views on PETs, early adopters of PETs, and more.
39:17
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Quick takeaways
- Privacy Enhancing Technologies (PETs) enable secure data collaborations across industries by encrypting data while allowing accurate computations without revealing original data.
- Governments are leveraging Privacy Enhancing Technologies (PETs) in law enforcement to securely share encrypted data sets for enhancing insights without compromising privacy or security.
Deep dives
Privacy Enhancing Technologies in Various Industries
Privacy enhancing technologies (PETs) are designed to enable collaboration on sensitive information, including intellectual property and personal data like health information. By encrypting data while allowing computations to derive accurate outputs without revealing the original data, PETs offer significant benefits in diverse sectors like law enforcement, healthcare, and financial services. For instance, using fully homomorphic encryption ensures secure data processing without compromising privacy, opening opportunities for insightful collaborations while staying GDPR-compliant.
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