An Accelerated Method for Protecting Data Privacy in Financial Scenarios Based on Linear Operation

Abstract

With the support of cloud computing technology, it is easier for financial institutions to obtain more key information about the whole industry chain. However, the massive use of financial data has many potential risks. In order to better cope with this dilemma and better protect the financial privacy of users, we propose a privacy protection model based on cloud computing. The model provides four levels of privacy protection according to the actual needs of users. At the highest level of protection, the server could not access any information about the user and the raw data, nor could it recover the computational characteristics of the data. In addition, due to the universality of the mathematical principle of linear operators, the model could effectively protect and accelerate all models based on linear operations. The final results showed that the method can increase the speed by 10 times, compared with the privacy protection method that only uses local computing power instead of the cloud server. It can also effectively prevent the user’s privacy from being leaked with relatively minimal delay cost, compared with no privacy protection method. Finally, we design a multi-user scheduling model to deploy the model in a real scenario, which could maximise server power and protect user privacy as well.