Compliance
Compliance (regulatory compliance) means conforming to comply with relevant laws and regulations. Together with KYC Spider in Zug Eurospider has in-depth compliance know-how.
Although digitalization is on everyone’s lips, a huge number of documents continue to be published using the Portable Document Format (PDF) invented in 1993. The subsequent usability of PDF documents in digitalized processes is limited; however, PDF documents that have been digitally signed are very widespread.
The preliminary draft of the new Data Protection Act introduces the term “profiling” (Art. 3, lit. f, preliminary draft Data Protection Act). “Profiling” describes the evaluation of data in order to analyze or predict key personal characteristics.
In a recent compliance know how past, we already addressed the future data protection regulation. The term pseudonymization is infrequently used in this subject area. This means that individual-related data is not linked explicitly to a person, but a pseudonym.
We report in this article on name matching experiments, in particular on hit rates. We matched a sample of 631’845 fictitious customers aigainst PEP profiles (Politically Exposed Person). A hit is a match between a customer and at least one PEP profile independent of the correctness of the match. A correct match (also called true positive) means that the customer is eventually the PEP described in the profile. A false match (also called false positive) means that the customer and the PEP are two different persons with very similar or identical names.
Hash functions such as SHA-1 are crucial in digital business (f.e. fintech) to produce a small piece of text (the digest) from a larger document. This digest is then a unique representation of the document. No two different documents should have the same digest.
Complete Revision of the Federal Data Protection Act
Complete Revision of the Federal Data Protection Act: „As of 15th September 2017, draft and report for a completely revised Federal Data Protection Act is public. In a first step parliament and the people agreed to adaptations in order to be compliant with EU law. The second part of the revision is debated by the parliament since September 2019. Data Protection is to be increased by giving people more control over their private data as well as reinforcing transparency regarding the handling of confidential data.”
Links: datenrecht.ch
