arXiv subjects

Antigoni Polychroniadou

Publications and source records attributed to Antigoni Polychroniadou.

25 records · Page 2Linked to original sources

arXiv2023

Prime Match: A Privacy-Preserving Inventory Matching System

Inventory matching is a standard mechanism/auction for trading financial stocks by which buyers and sellers can be paired. In the financial world, banks often undertake the task of finding such matches between their clients. The related stocks can be traded without adversely impacting the market price for either client. If matches between clients are found, the bank can offer the trade at advantageous rates. If no match is found, the parties have to buy or sell the stock in the public market, which introduces additional costs. A problem with the process as it is presently conducted is that the involved parties must share their order to buy or sell a particular stock, along with the intended quantity (number of shares), to the bank. Clients worry that if this information were to leak somehow, then other market participants would become aware of their intentions and thus cause the price to move adversely against them before their transaction finalizes. We provide a solution, Prime Match, that enables clients to match their orders efficiently with reduced market impact while maintaining privacy. In the case where there are no matches, no information is revealed. Our main cryptographic innovation is a two-round secure linear comparison protocol for computing the minimum between two quantities without preprocessing and with malicious security, which can be of independent interest. We report benchmarks of our Prime Match system, which runs in production and is adopted by J.P. Morgan. The system is designed utilizing a star topology network, which provides clients with a centralized node (the bank) as an alternative to the idealized assumption of point-to-point connections, which would be impractical and undesired for the clients to implement in reality. Prime Match is the first secure multiparty computation solution running live in the traditional financial world.

cs.CR↗

arXiv2023

Paving the Way towards 800 Gbps Quantum-Secured Optical Channel Deployment in Mission-Critical Environments

This article describes experimental research studies conducted towards understanding the implementation aspects of high-capacity quantum-secured optical channels in mission-critical metro-scale operational environments using Quantum Key Distribution (QKD) technology. To the best of our knowledge, this is the first time that an 800 Gbps quantum-secured optical channel -- along with several other Dense Wavelength Division Multiplexed (DWDM) channels on the C-band and multiplexed with the QKD channel on the O-band -- was established at distances up to 100 km, with secret key-rates relevant for practical industry use cases. In addition, during the course of these trials, transporting a blockchain application over this established channel was utilized as a demonstration of securing a financial transaction in transit over a quantum-secured optical channel. The findings of this research pave the way towards the deployment of QKD-secured optical channels in high-capacity, metro-scale, mission-critical operational environments, such as Inter-Data Center Interconnects.

quant-ph↗

arXiv2022

Collusion Resistant Federated Learning with Oblivious Distributed Differential Privacy

Privacy-preserving federated learning enables a population of distributed clients to jointly learn a shared model while keeping client training data private, even from an untrusted server. Prior works do not provide efficient solutions that protect against collusion attacks in which parties collaborate to expose an honest client's model parameters. We present an efficient mechanism based on oblivious distributed differential privacy that is the first to protect against such client collusion, including the "Sybil" attack in which a server preferentially selects compromised devices or simulates fake devices. We leverage the novel privacy mechanism to construct a secure federated learning protocol and prove the security of that protocol. We conclude with empirical analysis of the protocol's execution speed, learning accuracy, and privacy performance on two data sets within a realistic simulation of 5,000 distributed network clients.

cs.CR↗

arXiv2020

Differentially Private Secure Multi-Party Computation for Federated Learning in Financial Applications

Federated Learning enables a population of clients, working with a trusted server, to collaboratively learn a shared machine learning model while keeping each client's data within its own local systems. This reduces the risk of exposing sensitive data, but it is still possible to reverse engineer information about a client's private data set from communicated model parameters. Most federated learning systems therefore use differential privacy to introduce noise to the parameters. This adds uncertainty to any attempt to reveal private client data, but also reduces the accuracy of the shared model, limiting the useful scale of privacy-preserving noise. A system can further reduce the coordinating server's ability to recover private client information, without additional accuracy loss, by also including secure multiparty computation. An approach combining both techniques is especially relevant to financial firms as it allows new possibilities for collaborative learning without exposing sensitive client data. This could produce more accurate models for important tasks like optimal trade execution, credit origination, or fraud detection. The key contributions of this paper are: We present a privacy-preserving federated learning protocol to a non-specialist audience, demonstrate it using logistic regression on a real-world credit card fraud data set, and evaluate it using an open-source simulation platform which we have adapted for the development of federated learning systems.

cs.CR↗

arXiv2020

CryptoCredit: Securely Training Fair Models

When developing models for regulated decision making, sensitive features like age, race and gender cannot be used and must be obscured from model developers to prevent bias. However, the remaining features still need to be tested for correlation with sensitive features, which can only be done with the knowledge of those features. We resolve this dilemma using a fully homomorphic encryption scheme, allowing model developers to train linear regression and logistic regression models and test them for possible bias without ever revealing the sensitive features in the clear. We demonstrate how it can be applied to leave-one-out regression testing, and show using the adult income data set that our method is practical to run.

cs.LG↗

arXiv2019

Small Memory Robust Simulation of Client-Server Interactive Protocols over Oblivious Noisy Channels

We revisit the problem of low-memory robust simulation of interactive protocols over noisy channels. Haeupler [FOCS 2014] considered robust simulation of two-party interactive protocols over oblivious, as well as adaptive, noisy channels. Since the simulation does not need to have fixed communication pattern, the achieved communication rates can circumvent the lower bound proved by Kol and Raz [STOC 2013]. However, a drawback of this approach is that each party needs to remember the whole history of the simulated transcript. In a subsequent manuscript, Haeupler and Resch considered low-memory simulation. The idea was to view the original protocol as a computational DAG and only the identities of the nodes are saved (as opposed to the whole transcript history) for backtracking to reduce memory usage. In this paper, we consider low-memory robust simulation of more general client-server interactive protocols, in which a leader communicates with other members/servers, who do not communicate among themselves; this setting can be applied to information-theoretic multi-server Private Information Retrieval (PIR) schemes. We propose an information-theoretic technique that converts any correct PIR protocol that assumes reliable channels, into a protocol which is both correct and private in the presence of a noisy channel while keeping the space complexity to a minimum. Despite the huge attention that PIR protocols have received in the literature, the existing works assume that the parties communicate using noiseless channels.

cs.IT↗

arXiv2018

More is Less: Perfectly Secure Oblivious Algorithms in the Multi-Server Setting

The problem of Oblivious RAM (ORAM) has traditionally been studied in a single-server setting, but more recently the multi-server setting has also been considered. Yet it is still unclear whether the multi-server setting has any inherent advantages, e.g., whether the multi-server setting can be used to achieve stronger security goals or provably better efficiency than is possible in the single-server case. In this work, we construct a perfectly secure 3-server ORAM scheme that outperforms the best known single-server scheme by a logarithmic factor. In the process, we also show, for the first time, that there exist specific algorithms for which multiple servers can overcome known lower bounds in the single-server setting.

cs.CR↗