Digital transformation initiatives, spurred by COVID-19, are helping companies scale new heights in efficiency and productivity. However, they have also highlighted to enterprise leaders the need for tighter cybersecurity measures — especially as attackers continue to ride the wave of new technologies to launch sophisticated attacks. The number of records exposed in data breaches consistently went up throughout 2022 — 3.33 million records in the first quarter of 2022, 5.54 million records in the second quarter, and 14.78 million records in the third quarter — according to data from Statista.
Organizations face various challenges as they grapple with managing and securing the explosion of data created, in part, by remote environments. This, coupled with the lack of visibility across dispersed networks and growing migration to the cloud, has increased the risk of attacks across multiple industries, including healthcare, financial services, and decentralized finance (DeFi).
Confidential computing segregates data and code from the host computer’s system and makes it harder for unauthorized third parties to access the data. The way that confidential computing protects sensitive data could smooth the way for increased cloud adoption in highly regulated sectors such as finance and healthcare, according to Gartner.
As more organizations handle large volumes of data, ushering in a greater need for privacy and data security, confidential computing is poised to close that security gap by ensuring data remains confidential at all times — while at rest, in transit, and in use.
A Different Approach to Cybersecurity
Most encryption schemes