Security News > 2022 > November > Can confidential computing stop the next crypto heist?

The theft of billions of dollars in cryptocurrency over recent months could have been prevented, and confidential computing is a key to the security fix.

Fireblocks uses confidential computing for multi-party computation for private key security.

All of the major cloud providers have their own flavor of confidential computing, and at their respective conferences last month both Microsoft and Google added services to their confidential computing portfolios.

Google, which first introduced its Confidential Virtual Machines in 2020, announced Confidential Space, which allows organizations multi-party computation, last month.

A recent Cloud Security Alliance survey [PDF], commissioned by Anjuna, found 27 percent of respondents currently use confidential computing and 55 percent plan to do so in the next two years.

Ofrat says he expects confidential computing to become more mainstream across cloud environments over the next three of five years.

News URL

https://go.theregister.com/feed/www.theregister.com/2022/11/07/confidential_computing_crypto_heists/