Thread by @sffed

What are privacy enhancing technologies (PETs), how are they used, and who uses them? Fintech Policy Advisor Kaitlin Asrow shares her thoughts about these emerging technologies and why they matter: sffed.us/3wbty1G

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"It's important to note that these systems, processes, and techniques do not ensure privacy
or compliance on their own. PETs are a tool that can be used in tandem with governance and operation systems."

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“Examples of PETs used directly by people include privacy-protected browsers or even privacy screen shields.”

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PETs have the potential to enable both greater security and confidentiality of data across use cases. Kaitlin Asrow dives into a few examples #deidentification and how they work.

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“[Anonymization is] one of the original privacy-preserving techniques. Unfortunately, it has become relatively insecure because you can recombine data sets and therefore piece together the information that was removed.”

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“Pseudonymization is another form of deidentification, which replaces, instead of removing, a data element, such as an identifier, with a non-sensitive equivalent... Instead of my birthday, a random date could be used.”

#Fintech #DataProtection #DataSecurity #Cybersecurity