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Increasing risk of privacy leakage in the post-pandemic era,PlatON: Privacy Computing is the solution

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4 years ago

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After the outbreak of COVID-19, the risk of privacy leakage is increasing      

At the beginning of 2020, the sudden outbreak of the COVID-19 pandemic brought a huge impact on everyone’s work and life. On the one hand, the working-from-home scenario has pushed the development of digital office. Many companies have had to transfer the materials and assets from offline to online within a short time. On the other hand, to meet the demands of the public health and pandemic control, personal health data is collected and processed digitally to be used in areas like pandemic prevention and control, health services, and tracing inquiries. For instance, travel health codes have been used in countries like China and Spain for COVID-tracing, and many countries around the world have provided the online services of test appointment and test results inquiries. The outbreak of the COVID-19 pandemic has inspired people to rethink the construction and development of infrastructures. The large scale of data transmission and exchange during the pandemic period requires the support from new technologies. In the global context, in order to adapt to the ever-increasing demand for data exchange and promote the digitalization process, many countries have prioritized and invested on cutting-edge technologies like 5G, Big Data, Artificial Intelligence, Cloud Computing, etc.

Considering the abnormal conditions of the pandemic, it can be understood and accepted to a certain extent if the data is used by relevant agencies and organizations. In spite of this, after the pandemic, when the life is back to normal, can the data privacy be properly protected in the daily data collection, storage and computing? Can the basic rights of users be properly protected? With the development of the new technologies, when a large amount of data is collected, transmitted, analyzed and processed from the end devices through Internet of Things (IoT) and 5G technologies, the risk of data breaching will increase accordingly. In this case, how to get effective protection on the data privacy?

Privacy computing paves the road

Fingerprint recognition, face recognition, voice recognition and other technologies collect user information to provide users with convenient and efficient services, while also putting these basic personal data information at risk of being leaked and abused. With the successive promulgation and implementation of the European Union’s GDPR and the California’s CCPA Act, it is necessary for relevant parties to reflect their attitudes and operations towards data resources. In this context, Privacy Computing technology has gradually caught researchers’ attention.

Privacy Computing refers to a type of information security technology based on modern cryptography, which is represented by technologies like Secure Multi-party Computing (MPC), Homomorphic Encryption, Zero-knowledge Proof, Differential Privacy, and Trusted Execution Environment (TEE), etc. Privacy Computing can realize the data computing and analysis while ensuring the security and privacy of the source data.

So far, three major technologies are available to achieve Privacy Computing: Cryptography, Trusted Execution Environment, and Federated Learning. Among them, the privacy protection scheme based on cryptography is a type of computing method that protects private information throughout the entire life cycle, and supports operations such as analysis and computing without the data itself leaking to a third party. Its core concept is to form a set of symbolic, formulaic and quantitative evaluation criteria for Privacy Computing theory when processing information flow. [1] Compared with the problems brought by the traditional end-to-end encryption methods on the key management and performance impact, Privacy Computing can fundamentally protect data from the entire life cycle. In large-scale public infrastructure, the introduction and deployment of Privacy Computing support systematic data privacy protection.

At present, in addition to the in-depth research on Privacy Computing in the academia, the realistic application scenarios and large-scale commercial solutions of Privacy Computing are also being actively explored by the industry. Take PlatON Network as an example. PlatON has been developing and researching the field of Privacy Computing since 2016. The AI network of Privacy Computing provided by PlatON is a solution for privacy contract implementation based on cryptographic algorithms such as Secure Multi-party Computing (MPC). In general, the Privacy Computing algorithm is released through the contract. The data provider and the computing nodes that require privacy protection need to cooperate to execute the MPC protocol, so that to realize the collaborative data computing. In this case, data privacy is protected at the same time when data is shared, allowing users to obtain the economic benefits of data reuse while maintaining data ownership.

After the era of the pandemic, Artificial Intelligence (AI) also has caught in privacy issues during the process of data reuse. The development of AI technology turns data as a special asset, and its scale can affect both the model accuracy and the reliability of the services, which in turn affects business costs and risks. From the perspective of improving the accuracy of the AI model, the more data collected, the better the model performs, but the collection of large amounts of data also brings higher risks of privacy exposure. If AI is planned be applied in large-scale commercial scenarios, privacy is a crucial issue that cannot be bypassed.

Privacy Computing technology is born to be suitable for solving the privacy flaws of AI technology. A large amount of data is computed in an encrypted way, which not only solves the privacy problem in the traditional AI model, but also ensures the efficient data management and utilization. Considering the user’s personal health IoT data involved in this pandemic as an example, PlatON’s “DataBank” product can effectively protect the core data and provide lifecycle data-management services. Working as a data asset value-trading platform, PlatON’s “DataBank” product can guarantee the privacy and security of personal health data during the verification and transmission process based on Privacy Computing technology. With the AI technology introduced in PlatON’s “DataBank” product, multi-source and multi-mode local joint verification can be efficiently achieved. The results got from Privacy Computing can provide accurate delivery services among organizations and agencies, which not only addresses the issue of mutual recognition between different regions, but also supports the sharing of data marketing channels among various agents. In this case, it can jointly improve the accuracy of health data verification, and help industries realize and establish public health economic data services under the rapid development of 5G, Cloud Computing and other technologies for digitization. As the pioneer in privacy protection area, PLATON has researched Privacy Computing technologies for many years. The Privacy Computing network infrastructure developed by PLATON can guarantee the secure and free data flow across every corner of the world.  All types of Applications, relying on the data exchange and data computing as the core capability, can enjoy the convenience brought by global data collaboration and computing power sharing on PlatON.

References

[1] Li, F., H. Li, Ben Niu and J. Chen. “Privacy Computing: Concept, Computing Framework and Future Development Trends.” IACR Cryptol. ePrint Arch. 2018 (2018): 1145.

[2] Sun Lilin: How to protect personal privacy to the utmost extent in pandemic prevention and tracing control (in Chinese), https://mp.weixin.qq.com/s/gwiZyfdTC6tEk83VfpnBtQ

[3] Scientists have something to say series: From 5G rich news and health code, talk about whether new infrastructure and data privacy may not be available at the same time (in Chinese), https://mp.weixin.qq.com/s/0UVaXxOCTwVbQ8dyDxpbAQ

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections

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13 hours ago

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November 23, 2024

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DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.

Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”

The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.

In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.

The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Press Release

UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation

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13 hours ago

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November 23, 2024

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DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.

Global Compliance Credentials of UVKXE

UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:

U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.

U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.

Background on the Malaysian Public List

The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.

Commitment to Legal Compliance and User-Centric Values

UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms

Published

13 hours ago

on

November 23, 2024

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DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.

Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”

The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.

Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”

In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.

Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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