Latest news with #PETs
Scoop
30-07-2025
- Business
- Scoop
APEC Economies Step Up Cooperation On Digital Policy Challenges
Issued by the APEC Digital Economy Steering Group Incheon, Republic of Korea, 29 July 2025 APEC member economies have concluded a two-day meeting of the Digital Economy Steering Group in Incheon, Republic of Korea, with renewed momentum to strengthen cross-border collaboration on digital regulation, online safety and sustainability. From artificial intelligence (AI) to online scams and environmental impact, the meeting focused on the critical balance between enabling innovation and safeguarding users, particularly vulnerable groups such as women, youth, as well as small businesses. 'There is growing recognition that growth in the digital economy must go hand in hand with trust, inclusion and responsibility,' said Ichwan Makmur Nasution, Chair of the Digital Economy Steering Group (DESG). 'The solutions we're exploring are not only about technology. They're about protecting people, building resilience and ensuring no one is left behind.' Throughout the meeting, delegates grappled with how to align digital regulations across borders without stifling innovation. Conversations around data privacy, cybersecurity and AI governance reflected the diversity of legal systems and policy approaches in the region, while underscoring a shared urgency to create interoperable, forward-looking digital frameworks. One of the central policy dialogues examined how economies can better manage harmful online content, misinformation and abuse. These issues threaten not only individual safety but also social trust and economic participation. The discussion highlighted the disproportionate impact of online harms on women and youth, urging greater investment in digital literacy, user protection and responsible platform governance. As part of its forward agenda, the group examined the environmental footprint of AI and digital infrastructure. From growing energy demands to electronic waste, members explored how policy and innovation can work together to reduce the sector's impact while supporting continued digital growth. Ongoing and proposed APEC-funded projects covered a wide range of priorities, from AI policy cooperation and Privacy Enhancing Technologies (PETs) to micro, small and medium enterprises' access to digital trade. 'This meeting reinforced the strategic value of DESG as a platform for shared learning and joint action,' said Nasution. 'It's not just about exchanging views. It's about building alignment where possible and respecting diversity where needed, so that our cooperation continues to deliver real value to people across the APEC region.' Held under the APEC 2025 theme ' Building a Sustainable Tomorrow, ' the DESG meeting was part of the broader Third Senior Officials' Meeting (SOM3) hosted by Korea. During this meeting cluster, there will be over 30 events related to digital innovation, including at the upcoming APEC Digital Ministerial Meeting and the Global Digital and AI Forum to be held on 4-5 August.
Associated Press
12-02-2025
- Business
- Associated Press
New Report Provides Stakeholder-driven Insight into the Fight Against Economic Crime
The report identifies obstacles and recommended actions for advancing collective efforts to combat the global challenge WASHINGTON, Feb. 12, 2025 /PRNewswire/ -- Strategic advisory firm Global Counsel, working in conjunction with pioneering Privacy Enhancing Technology company Enveil, announced the release of a new report aimed at advancing the fight against economic crime. This pervasive challenge makes a $3.1 trillion dollar annual global impact and costs the UK economy an estimated £8.5bn each year. The report, 'Breaking barriers: How data sharing can transform the fight against economic crime,' examines how the government and private sector can prevent and tackle economic crime by providing greater direction on data and intelligence sharing. Commissioned by Enveil and the culmination of a months-long effort, the research shows that a broad consensus exists to advance fraud mitigation efforts that would create a hostile environment for criminals. 'The lack of a clear, collective focus on economic crime prevention policy and practices by stakeholders across this space was the primary driver for undertaking this research effort,' said Ellison Anne Williams, CEO of Enveil. 'We live in a data-rich, technology-enabled world that is ripe with opportunity to evolve, and we've started to recognize areas where groundbreaking tools and capabilities can drive positive outcomes. This includes Privacy Enhancing Technologies (PETs), which are currently being explored and leveraged in sandbox and real-world deployments on a global scale.' The content of the white paper was sourced from interviews conducted by Global Counsel across a wide range of senior stakeholders from UK organizations at the forefront of economic crime detection, prevention, and mitigation. The authors specifically focused on cultural and policy barriers to better collaboration, data sharing, and technological innovation. The research identifies four obstacles to data and intelligence sharing: A lack of clear incentives that address cost and regulatory risk: Firms want to help, but they need legislative clarity to make it easy and inexpensive to do so. Legal ambiguity: Firms need legal clarity, for example around terms such as 'economic crime', to help them manage legal risk. A better understanding of new technologies: Criminals move fast to adapt to technological change but firms sometimes are slow to adopt new methods, particularly third-party solutions such as Privacy Enhancing Technologies (PETs). A fragmented data-sharing environment: There are wide differences between cross-sector pilots due to inconsistent governance and data requirements where a standardized approach would make participation easier and lower cost. Further, the report suggests progress can be made if the government and private sector provide greater direction on data and intelligence sharing. It offers three recommendations for action specific to the UK: The Financial Conduct Authority (FCA), the Information Commissioner's Office (ICO), and National Economic Crime Centre (NECC) should run operational pilots, testing new technologies such as PETs, including a wide range of public and private stakeholders, to produce a common understanding of how technology can help. The Government should call time on voluntary agreements and mandate information sharing in the financial services sector. The Government should authorize the ICO and other regulatory bodies to oversee a standardized lexicon for UK data and intelligence sharing. The current economic crime climate necessitates bold action by both policy makers and industry stakeholders — and a sustainable, near-term solution will be found at the intersection of policy, technology, and a commitment to action. This means working to leverage the cross-boundary data and technology-enabling capabilities that will allow stakeholders to collaborate and fight economic crimes more effectively. Learn more about the research methodology and read the full report here. About Enveil Enveil is a pioneering Privacy Enhancing Technology company protecting Data in Use and changing the paradigm of how and where organizations can leverage data to unlock value. Defining the transformative category of Privacy Enhancing Technologies (PETs), Enveil's award-winning ZeroReveal® solutions for secure data usage, collaboration, monetization, and Secure AI protect the content of the search, analytic, or model while it's being used or processed. Using these business-enabling and privacy-preserving capabilities, customers can extract insights, cross-match, search, analyze, and utilize AI across boundaries and silos at scale without exposing their interests and intent or compromising the security or ownership of the underlying data. A World Economic Forum Technology Pioneer and Gartner Cool Vendor, Enveil is deployed and operational today, revolutionizing data usage in the global marketplace. Learn more at Global Counsel Global Counsel is a strategic advisory business. We help companies and investors across a wide range of sectors to anticipate the ways in which politics, regulation and public policymaking create both risk and opportunity — and to develop and implement strategies to meet these challenges. Our team has experience in politics and policymaking in national governments and international institutions backed with deep regional and local knowledge. Our offices in Berlin, Brussels, Doha, London, Singapore and Washington DC are supported by a global network of policymakers, businesses and advisers. Our partnership with The Messina Group and wider international network further strengthens our global reach. Learn more at
