CORRECTING and REPLACING Intel, Decentriq and Swiss Re Improve Data Privacy
October 13 2021 - 2:13PM
Business Wire
Swiss Re explores further protection of
critical data using confidential computing, powered by Intel SGX
technology and enabled by Decentriq
Subhead of release should read: Swiss Re explores further
protection of critical data using confidential computing, powered
by Intel SGX technology and enabled by Decentriq
The updated release reads:
INTEL, DECENTRIQ AND SWISS RE IMPROVE DATA
PRIVACY
Swiss Re explores further protection of
critical data using confidential computing, powered by Intel SGX
technology and enabled by Decentriq
What’s New: Swiss Re, a leading global reinsurance
provider, is working with Decentriq’s confidential computing-based
platform powered by Intel® Software Guard Extensions (Intel® SGX)
to help secure data privacy while performing analytics on sensitive
datasets. This collaboration allows Swiss Re to apply Intel SGX
technology to its cloud services to provide new levels of
protection to data in use, harnessing the industry’s most tested
and most widely deployed hardware-based data center-trusted
execution environment.
“As a data and technology-driven risk
knowledge company, Swiss Re intends to make use of confidential
computing technologies to better protect sensitive data and gain
actionable insights. I’m optimistic this will continue to allow us
to access and analyze data in new ways to help unlock new forms of
value creation in risk protection today and in the future.”
–– Sebastian Eckhardt, expert business
analyst, Swiss Re
How It Works: In a world where organizations are
continuously storing and sharing sensitive data, from credit card
transactions to medical records, protecting the most sensitive of
assets is essential. Decentriq is providing security by encrypting
applications and data everywhere – at rest, in motion and in use –
with its technology built upon Intel SGX. This enables
organizations like Swiss Re, that have traditionally faced
challenges gaining access to datasets that contain sensitive
information, to extract analytical, actionable insights from this
data without impacting consumer privacy.
In a proof of concept in marine insurance, Swiss Re used a
shipping dataset from a supply chain data aggregator to process
data where, typically, data privacy and competitive concerns have
presented barriers to access. In Swiss Re’s evaluation, it found
improvements in performance, time to market and security using
Decentriq’s confidential computing-based platform powered by Intel
SGX.
Intel SGX is one of the main technologies powering confidential
computing today, enabling new cloud use cases that are particularly
beneficial for organizations that deal with or aim to exchange
sensitive data with others on a regular basis. It helps protect
data at all stages by performing computation in a hardware-based
Trusted Execution Environment (TEE). These isolated environments
help secure data, intellectual property and code to help prevent
unauthorized access of applications and data while they are in
use.
Why It Matters: As the insurance industry evolves into an
even more data-driven service, gaining access to confidential
datasets from trusted sources will drive new business segments,
transparency into supply chains and more succinct insurance pricing
models.
Confidential Computing, powered by Intel SGX technology and
delivered by Decentriq, helps unlock data sources that were
previously unattainable in real time. Not only does it
significantly improve privacy protection of all data, it also
enables companies to extract actionable insights from this data and
optimize performance and time to market. This allows organizations
to gain access to a variety of datasets without jeopardizing
consumer privacy.
More Context: Intel Software Guard Extensions (Intel SGX)
| Confidential Computing | Intro to Confidential Computing and SGX
| Swiss Re Explores Further Protection of Critical Data Using
'Confidential Computing' (a proof of concept enabled by Decentriq’s
Confidential Computing using Intel Software Guard Extensions) |
Intel Security News
About Intel
Intel (Nasdaq: INTC) is an industry leader, creating
world-changing technology that enables global progress and enriches
lives. Inspired by Moore’s Law, we continuously work to advance the
design and manufacturing of semiconductors to help address our
customers’ greatest challenges. By embedding intelligence in the
cloud, network, edge and every kind of computing device, we unleash
the potential of data to transform business and society for the
better. To learn more about Intel’s innovations, go to
newsroom.intel.com and intel.com.
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Jennifer Foss 1-425-765-3485 jennifer.foss@intel.com
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