Enveil

On the reading list for our team this week: 1) U.S. Privacy Outlook For 2025: Horror Vacui  https://lnkd.in/gTrVay3k 2) EU Court Fines European Commission For Breaching Its Own Data Privacy Laws https://lnkd.in/gqQsrjZb 3) 5 Cybersecurity Trends That Will Shape 2025 for SAP Users https://lnkd.in/dKuW4rn5   BONUS Content: Elk On A Shelf  https://lnkd.in/g5WMR-un Have a good weekend! #technews #3forFriday #dataprivacy

🎙️ ICYMI: Enveil Founder and CEO Ellison Anne Williams recently joined the Tech Transformed Podcast to talk about mitigating risks associated with sensitive data in AI applications and the need for model-centric security. 3 Key Takeaways:  ✳️ Organizations must start with the problems they aim to solve. ✳️ Data sensitivity must be considered in AI model training. ✳️ Privacy Enhancing Technologies are crucial for data protection. Check out the full episode here: https://lnkd.in/ef3nSp87 #PrivacyEnhancingTechnologies #SecureAI #AI #MachineLearning

For data to have the most substantial impact in fighting financial crime, organizations need to be able to securely utilize a wider, richer collection of datasets. By protecting data while it’s being used, Privacy Enhancing Technologies (PETs) make this secure and private usage possible. Here are three real-world challenges that highlight the difference the PETs-enabled widening of the data aperture can make in the fight against financial crime: 1️⃣ Fraud Mitigation  When financial organizations can utilize more data sources, they can establish patterns of behavior that help flag possible fraudulent activity. These efforts can be advanced through the utilization of ML/AI models. Data is even more critical in these scenarios as AI tools are data-hungry — and only as good as the data sources over which they are trained. PETs uniquely provide the ability to securely and privately train and use ML models over a wide range of sources across various silos and boundaries, which are key to unlocking the value of these AI-powered capabilities. 2️⃣ Know Your Customer  Every financial entity on the planet is responsible for knowing who utilizes its services. While this is important at the onboarding stage when someone is initially setting up an account, Know Your Customer or KYC activity continues long after an account has been authorized. Ongoing KYC monitoring provides the framework for flagging unusual activity or behavior that may be fraudulent. The more data banks and other financial institutions can utilize during this process, the more effective their identification and alerting can be. PETs enable financial entities to securely leverage the widest possible range of data sources to form the best understanding of the customer.  3️⃣ Anti-Money Laundering Sophisticated criminals understand internal bank processes well enough to exploit the gaps. Since money laundering frequently crosses international borders, financial service analysts and investigators must be able to source datasets from multiple jurisdictions and when possible, from government or law enforcement sources. Data sharing between a commercial entity and a public body is only possible when sensitive identifiers are protected during processing. PETs uniquely enable this type of secure data sharing and collaboration to be possible. Learn more by reading the full article by Enveil CEO Ellison Anne Williams: https://lnkd.in/gE7rNBdY #financialservices #financialcrime #PrivacyEnhancingTechnologies 

Here's a quick look at the industry news catching the attention of Team Enveil this week: 1) Financial Services Struggle To Align Data With AI Goals https://lnkd.in/gajB6iKh 2) 2025 Informed: Big Data Predictions For The Year Ahead  https://lnkd.in/g5su2dX2 3) 6 AI-Related Security Trends To Watch In 2025  https://lnkd.in/d-wwTzb5   BONUS Content: 2025 Travel Trend? Longer Trips  https://lnkd.in/dd_RbHS3 Enjoy the weekend! #technews #3forFriday #data

In 2025, let us help change the paradigm of how and where your organization can leverage data to unlock value. 🎬 In this 30 sec video, Enveil CTO Ryan Carr explains how we’re utilizing Privacy Enhancing Technologies to transform data usage. Get in touch to learn more: https://lnkd.in/ewE5eayv #PrivacyEnhancingTechnologies #homomorphicencryption #DataInUse

ICYMI: Here’s a look back at our top 5 posts for 2024. Happy New Year! 1) The Year of Privacy Enhancing Technologies https://lnkd.in/gWsZBUiW 2) Enveil Wins Army Linchpin Contract to Deliver Secure AI https://lnkd.in/g-pQ7JNu 3) Secure AI Milestones Infographic: From Spark to Flame https://lnkd.in/g2Etr23V 4) IAPP: A Proactive Drive Toward Secure AI https://lnkd.in/gMv9XjJD 5) TechSpective: From Promising to Practical - The Transformative Impact of Homomorphic Encryption https://lnkd.in/gw5d_DiZ #PrivacyEnhancingTechnologies #SecureAI #homomorphicencryption

Each Friday on our social channels, we offer a look at Team Enveil’s reading list for the week, which features three pieces of industry news or other content notable to our areas of interest. This selection is typically focused on #PrivacyEnhancingTechnologies, #SecureAI (or the broader AI/ML landscape), #DataPrivacy, #DataSecurity, or #DataInUse. For this final Friday of 2024, we created a word cloud showcasing the topics most prevalent in our 3 for Friday posts over the past year. We hope you’ll find it to be an interesting representation of the 2024 news cycle. If you’d like to keep up with our #3forFriday posts on a weekly basis, be sure to follow us here. We can't wait to see what 2025 has in store!

In this holiday season, we reflect with gratitude on the milestones of the past year and the opportunities ahead. Thank you to all our customers, partners, investors, and supporters for your help along the way. Wishing you and yours a holiday season filled with joy, peace, and rest.

A look at the industry news on Team Enveil's reading list this week: 1) House AI Task Force Releases Final Report  https://lnkd.in/g4SGcsf5 2) This New Cipher Tech Could Break You Out Of Your Gen AI Woes  https://lnkd.in/gjVgKNQr 3) Privacy-Preserving Federated Learning – Future Challenges & Opportunities  https://lnkd.in/eTBMtjrD   BONUS Content: Taking The Pineapple On Pizza Debate To A New Level  https://lnkd.in/gji7RMBJ Have an awesome weekend! #technews #AI #federatedlearning #3forFriday

Reflecting on the panel discussions and interactions throughout the recent Economic Crime Congress 2024 event in London, our Enveil team offered three key considerations: 💡 Data sharing is a vital piece of the puzzle 💡 Impact requires wider collaboration 💡 Technology can help us tackle the risks of tomorrow Check out the article learn more. ⬇️ #economiccrime #ECC24 #financialservices