Background:

• As the world undergoes digital transformation, most business data is now digital—enabling fast, convenient operations—but also increasing vulnerability to hacking and cyberattacks.
  

• Homomorphic Encryption (HE) is a next‑generation cryptographic technology that allows computations on encrypted data without decrypting, enabling secure data use in sectors like healthcare and finance. Even if data is stolen, hackers can’t use it—making hacking essentially pointless.
  

Challenges & Breakthroughs:

• Though HE offers strong theoretical benefits, it has been hard to commercialize due to its technical complexity and slow performance, making it impractical for real‑world applications.
  

Cryptolab’s Achievement:

• Cryptolab overcame these obstacles by developing enterprise‑grade homomorphic encryption solutions, positioning themselves as a global leader in HE technology.
  

• They were named by Google and Microsoft among the top homomorphic encryption companies worldwide.

Summary:
Cryptolab is pioneering commercial-grade homomorphic encryption technology that allows data to be processed while encrypted—rendering hacking attempts futile. Despite HE’s past performance issues, Cryptolab has made it usable in real‑world sectors like healthcare and finance. Their innovative solutions are gaining global recognition.