Pasu Receives Ministerial Award for Excellence in Research and Development of De-identification Solutions

[Asia Economy Reporter Hyungsoo Park] Fasoo announced on the 7th that its de-identification solution research and development was selected as an excellent project in the '2020 Software R&D' category and received the Minister of Science and ICT Award.

Fasoo was selected for the Global Creative Software (GCS) project in 2018 and developed a 'de-identification solution for global privacy compliance in the big data era' over two years. It developed the world's first global compliance-supporting de-identification solution that can be easily applied with just a simple compliance set selection. The solution was recognized for its outstanding functionality and effectiveness, contributing to enhancing domestic software competitiveness, and received the ministerial award.

Fasoo's next-generation personal information de-identification solution, AnalyticDID, anonymizes and pseudonymizes personal data based on stable and fast large-scale processing technology. It removes personal data identifiability while supporting utilization tailored to the purposes of each company and institution. Fasoo's technological capabilities were recognized, and it was the first domestic company to be listed in the '2020 IAPP Privacy Tech Vendor Report' published by IAPP, the world's largest community of privacy professionals. Fasoo is leading the de-identification solution market by supplying AnalyticDID to organizations such as the Financial Security Institute, KISA, BC Card, and the National Cancer Center.

Yoon Deoksang, Executive Director of Fasoo and the project leader, said, "Personal information is no longer just an object of vague protection but a subject of safe utilization," adding, "Through Fasoo's personal information de-identification solution, we will be able to secure high-quality data that creates new value while responding to strengthened global regulations."

This content was produced with the assistance of AI translation services.