Expansion of Consulting Services for Pasu and MyData Service Providers

Customized Personal Data De-identification Consulting for MyData Operators
MyData Market Opens in August... Serving as a Systematic Guide

[Asia Economy Reporter Hyungsoo Park] Fasoo announced on the 26th that it will expand consulting services for MyData business operators.

Fasoo supports companies preparing for the MyData business by providing customized personal information de-identification consulting tailored to the company’s situation and security vulnerability inspection consulting, which is mandatory for the business operators.

Fasoo, the first in Korea to launch a de-identification solution, provides safe personal information pseudonymization and pseudonymized information linkage solutions and consulting that meet domestic and international compliance to data linkage specialized institutions, MyData service operators, and big data centers. In fact, besides specialized institutions related to pseudonymized information linkage such as Korea Internet & Security Agency (KISA), Financial Security Institute, and Korea Expressway Corporation, institutions like the National Cancer Center and BC Card have utilized Fasoo’s de-identification solutions and consulting. In line with the opening of the MyData era in August this year, companies preparing for the MyData business can receive various customized consulting services based on Fasoo’s accumulated know-how and technological capabilities.

Fasoo provides segmented de-identification consulting centered on the conditions and main interests of MyData business operators. For MyData operators with established organizations and systems, Fasoo recommends ‘De-identification Master Plan Consulting’ and ‘De-identification Appropriateness Diagnosis Consulting.’ If the operational organization is overloaded or lacks related expertise, Fasoo offers a ‘De-identification Processing Outsourcing Service’ that safely performs de-identification while maintaining legal compliance. In addition to MyData service operators, data linkage specialized institutions can receive master plan and review support consulting for specialized institutions.

Fasoo has also prepared a security vulnerability inspection system diagnosis service, which is expected to be mandatorily imposed on financial sector MyData operators. MyData operators must secure security at the level of electronic financial services and are required to conduct vulnerability inspections once a year. As an information security professional service company designated under Article 23 of the “Act on the Promotion of Information and Communications Network Utilization and Information Protection,” Fasoo assists with related security vulnerability inspections. Having conducted numerous ‘Electronic Financial Infrastructure Vulnerability Analysis and Evaluation Projects,’ Fasoo alleviates the burden on MyData operators or companies engaged in both MyData business and electronic financial business through rapid and efficient inspections based on accumulated know-how.

Fasoo CEO Kyugon Cho said, “Interest is heating up mainly in the financial sector ahead of the opening of the MyData era this August,” adding, “There are complex considerations such as understanding various compliances related to data processing and understanding data governance for personal information identification processing and management.”

He also added, “Since Fasoo has accumulated diverse implementation know-how for personal information de-identification systems and insights into pseudonymized information management, it can provide a systematic and perfect guide to help the success of MyData business operators.”

AnalyticDID, Fasoo’s personal information de-identification solution launched first in Korea, supports pseudonymization and anonymization so that individuals cannot be identified while maintaining data utility for analysis purposes. AnalyticDID fully supports domestic personal information processing laws and guidelines such as the Data 3 Act. It also provides functions required by global compliances such as GDPR, HIPAA, and CCPA.

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