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Saturday, November 12, 2022

Banks Need Confidential Computing

 Yes, makes Sense

CLOUD COMPUTING:  Microsoft, Google, IBM pitch banks on confidential computing

By  Penny Crosman    in The American Banker.

November 10, 2022, 3:53 p.m. EST 

Three cloud computing providers, Microsoft, Google and IBM, are all pitching the concept of confidential computing to banks.

Today in cloud computing deployments, data is protected at rest (sitting in a database) and in transit (being sent from one system to another), but not while it's being used by a software application such as a marketing, fraud detection or cybersecurity program. 

Confidential computing fills this gap, cloud providers say. It puts sensitive applications in a walled-off area within a computer called a hardware-based secure enclave or trusted execution environment, so the data used cannot be seen by outsiders.   ... ' 

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