Acronis expands the global reach of cyber protection
Acronis , a global leader in cyber protection , has announced that it has joined the MPC Alliance , a global association of organisations with the mission of improving data security and privacy through the implementation of the secure cryptographic technology of multi-party computation ( MPC ).
MPC is a mathematical approach to
digital security that reduces the dependency on trusted third parties and physically secured devices to maintain the privacy and security of digital footprints , which have grown in size and value over the last few years and which are vulnerable to misuse and theft .
MPC is a subfield of cryptography which allows multiple parties to compute an output using their private data without ever disclosing their data to each other or any third party , and it is capable of doing so while guaranteeing the correctness of the output , even if some data become corrupt .
Acronis has adopted MPC technology as it develops innovative cyber protection solutions that address today ’ s safety , accessibility , privacy , authenticity and security challenges ( known as the Five Vectors of Cyber Protection ). Acronis products and services are trusted by more than 5.5 million individuals , companies and organisations worldwide .
Examples of MPC in use today include its use to protect the private keys used for generating a digital signature to approve transactions on public or permissioned Blockchains or to protect data stored in clouds . It is also used to generate digital signatures to authorise transactions , certify code , verify identity , facilitate blind surveys , preserve privacy in computations across multiple data sets across multiple Blockchains , clouds , blind auctions and more .
Multi-party computation is an area of great interest to Acronis into which we have devoted considerable research resources .
Among a range of MPC research initiatives , Acronis is working with Singapore ’ s Nanyang Technological University ( NTU ) to create innovative encryption and secure data management technologies to enable a secure MPC platform for business-to-business and business-to-government transactions , ensuring encrypted data can be shared between multiple untrusted parties while keeping shared data secure and private .
Acronis Technology President and Co-Founder , Stanislav Protassov , said : “ Multi-party computation is an area of great interest to Acronis into which we have devoted considerable research resources . Implementing and integrating MPC technology into our cyber protection solutions is analogous to implementing a trusted third party that receives the input and confidentially computes the result but doesn ’ t reveal any data about the inputs . For example , Acronis customers can do confidential benchmarking or business intelligence reporting , without revealing any underlying data of a sensitive nature .” •
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