A system and method of performing facial image anonymization may include: obtaining, by at least one processor of a first computing device, at least one first image data element, depicting a first face; using, by the at least one processor, a first neural network (NN), to encode the facial image into a first low-dimension, latent vector; using, by the at least one processor, a transformation module, adapted to modify the first latent vector, to produce an anonymized latent vector; and transmitting, by the at least one processor, the anonymized latent vector, via a communication network to a remote second computing device, wherein the second computing device is adapted to decode the anonymized latent vector into a second image data element, depicting an anonymized face.