Fortanix Inc., the innovative multi-cloud data security company and the pioneer of Confidential Computing, announced the release of Fortanix Confidential Data Search, an industry-first, high-performance solution that supports highly scalable searches in encrypted databases with sensitive data, without compromising data security or privacy regulations. Fortanix will showcase the product at the 2023 Confidential Computing Summit on June 29 in San Francisco. Available now as a private preview, the fully featured general availability of Fortanix Confidential Data Search is targeted to roll out in the second half of 2023.
Current solutions that enable secure searches of encrypted data are predominantly based on complex and expensive cryptographic technologies, such as Homomorphic Encryption (HE), which are impractical for data-mining complex medical or financial datasets. According to a current blog from the Confidential Computing Consortium, such computationally intensive approaches can be 1,000 to 1,000,000 times slower than standard non-encrypted databases and often require customized hardware to alleviate the delay. Homomorphic encryption-based technologies provide a severely restricted scope of search parameters, making them impractical beyond strict numerical searches.
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Fortanix’s new Confidential Data Search solution addresses data security requirements while maintaining full support for streamlined business operations. The solution supports intra-organizational analysis of complex data sets that are subject to regulatory compliance controls, such as HIPAA, GDPR, FINMA, PCI-DSS, or similar. The Fortanix solution differentiates from other point search products by integrating Confidential Data Search within an end-to-end data privacy and security platform that includes granular access controls, key lifecycle management with integrated Hardware Security Modules (HSMs) for secure key storage, data masking and tokenization, secure DevOps capabilities such as secrets management and code signing.
“The growth of privacy laws around the globe has been apparent since the introduction of GDPR, and it’s vital for organizations to meet regulatory compliance by keeping their data both encrypted and accessible at the same time,” said Anand Kashyap, CEO and co-founder of Fortanix. “Fortanix Confidential Data Search enables organizations to meet these mandates with an elegant solution that secures data at a high level while still making it available, ensuring that business operations never slow down.”
“Integrating Fortanix Confidential Data Search with Equideum Health’s offerings is a huge leap forward for multi-party computing and trusted AI in the complex healthcare and life sciences industry. Ethically leveraging data splintered across an ever-growing number of opaque data silos is critical to improving clinical research, care delivery, public health, and health equity. These aims have long been challenged by two polarizing priorities: to improve privacy preservation while also increasing data access,” said Heather Leigh Flannery, Chief Executive Officer at Equideum Health.
SOURCE: Businesswire