Data breaches are an unfortunate norm in today’s digital world, and traditional encryption techniques are no longer enough to prevent them. In addition, as businesses become more data-driven and regulations tighten, the pressure is on to rethink how we secure sensitive information, not just during storage but also throughout its entire life cycle.
1. Homomorphic encryption: Computing without decrypting
Imagine being able to analyze or process sensitive data such as financial reports or medical records without ever decrypting it. That’s what homomorphic encryption allows. It enables computation directly on encrypted data, ensuring it remains protected even while in use.
Though homomorphic encryption was traditionally seen as too resource-heavy for mainstream adoption, its performance has significantly improved in recent years. Some companies are even using homomorphic encryption in real-world applications such as privacy-preserving analytics and secure data outsourcing.
2. Quantum-resistant algorithms: Preparing for tomorrow’s threats
Quantum computing isn’t a common threat yet, but it’s creeping closer. And when it does go mainstream, it could break many of the encryption systems we rely on today. To address this challenge, scientists are working on quantum-resistant algorithms built to endure the power of quantum technology.
3. Confidential computing: Safeguarding data in use
Confidential computing is a way to protect your data while it’s being processed, not just when it’s stored or sent over the internet. It works by locking the data in a secure, private area inside the computer’s processor. This special area keeps the information safe from the rest of the system, even from things like the operating system or hidden viruses.
Big cloud companies are starting to offer this kind of protection, so businesses can handle private or sensitive tasks without risking security or breaking privacy rules.
4. Tokenization 2.0: Beyond payment security
Tokenization isn’t new, but it’s being reimagined for a broader range of applications. It’s been used to secure credit card information by replacing sensitive data with unique identifiers. Now, businesses are applying advanced tokenization to all kinds of personal and confidential data. Because the tokens themselves carry no value and can’t be reverse-engineered without access to the token vault, they’re proving particularly useful in high-risk environments like healthcare and financial services.
5. Format-preserving encryption: Keeping structure intact
One practical problem with encryption is that it changes the shape or format of the data, which can cause problems for apps or databases that expect the data to register a certain way. Format-preserving encryption (FPE) solves that by encrypting data without altering its format. So, a 16-digit credit card number stays a 16-digit number, even when encrypted. That makes it easier to integrate encryption into existing systems without massive reengineering, which is a win for both security teams and developers.
6. Data-in-use encryption: Blurring the lines
Older encryption methods usually treat data differently depending on whether it’s being stored, sent, or used, with separate tools for each stage. But there’s a new way of thinking that focuses on keeping data encrypted all the time, no matter what’s happening to it.
Sometimes called data-in-use encryption, this approach includes techniques such as memory encryption and advanced key management systems that follow the data wherever it goes. The goal is simple: protect data from the moment it’s created until it’s deleted, no matter how it’s being handled.
7. Multi-party computation: Secure collaboration between competitors
In industries where companies might need to share sensitive data without revealing everything, such as fraud detection across competing banks, multiparty computation (MPC) is gaining attention. MPC lets different groups work together and get useful results from their combined data without ever sharing the actual data with each other. It’s a game-changer for situations where teams need to collaborate but still keep their information private, such as in healthcare, finance, or competitive industries.
As cyberthreats evolve and data rises in value, organizations can’t afford to stick with outdated encryption methods. While not every company will adopt all these techniques tomorrow, staying informed and exploring the possibilities is crucial. Whether it’s integrating quantum-safe algorithms or experimenting with confidential computing, embracing next-gen encryption can provide a much-needed edge in an increasingly hostile digital world.
Stay ahead of tomorrow’s threats by exploring encryption technologies that go beyond the basics. Talk to our security experts today and find the right encryption solutions for your business.