Data Safeguard
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About
Data Safeguard provides advanced AI solutions to tackle data privacy regulations and combat synthetic fraud. With a robust suite of products, including ID-REDACT®, the platform aids businesses in managing personally identifiable information (PII) throughout the customer lifecycle, ensuring compliance with various regulations. The company utilizes its innovative Cognoscible Computing Engine (CCE®) to identify synthetic identities, helping organizations mitigate financial losses due to cybercrime. With expertise from industry veterans and a focus on diverse market sectors, Data Safeguard is dedicated to evolving its offerings through research and development. Their commitment extends to delivering high-performance solutions across healthcare, financial, retail, and government sectors. The company emphasizes protecting sensitive information with automated tools while fostering a culture of trust and reliability. ID-REDACT® is particularly noted for its efficacy in analyzing data to redact sensitive content seamlessly, thus upholding data governance and customer trust.
Platform
Task
Features
• enterprise scalability
• advanced data redaction with id-redact®
• synthetic fraud detection
• comprehensive data privacy compliance
• use of cognoscible computing engine (cce®)
• real-time data protection
• support for various data formats
FAQs
Why is data privacy important?
Data privacy is important to protect sensitive information such as personally identifiable information, financial data, and medical records from theft, fraud, or misuse. It also helps to build trust between individuals and organizations.
What is personal data?
Personal data is any information that can be used to find a person, such as a name, address, email address, phone number, social security number, or date of birth.
What is personally identifiable information (PII)?
Personally identifiable information (PII) is a subset of personal data that can be used to uniquely find an individual, such as their full name, Social Security number, driver's license number, or passport number.
What is sensitive data?
Sensitive data is any information that, if shown, could cause harm to an individual or organization, such as financial information, medical records, or confidential business information.
What is ID-REDACT®?
ID-REDACT® is a data redaction product that uses artificial intelligence and machine learning to remove personally identifiable information (PII) and other sensitive data from large datasets.
How does ID-REDACT® work?
ID-REDACT® works by analyzing the dataset and finding any sensitive or personally identifiable information, then applying advanced algorithms, AI, and machine learning to remove the identified information.
What types of data can ID-REDACT® be applied to?
ID-REDACT® can be applied to databases, data warehouses, data lakes, Word documents, PDFs, Excel, PowerPoint, CSV, and online programs like Chat and Mail.
What are the benefits of using ID-REDACT®?
Using ID-REDACT® helps to protect sensitive information, comply with data protection regulations like GDPR and CCPA, reduce data breach risks, and maintain stakeholder trust.
What is Synthetic Fraud?
Synthetic fraud is a type of identity theft where a fraudster creates a new identity by combining real and fake information to open fraudulent accounts.
How does synthetic fraud work?
A fraudster combines real and fake information to create a 'Frankenstein' identity and uses it to apply for credit or loans, eventually building up credit history.
Why is synthetic fraud difficult to detect?
Synthetic ID fraud can be difficult to detect due to the use of a combination of real and fake information, which may evolve to appear legitimate over time.
How can financial institutions detect synthetic fraud?
Institutions can detect synthetic fraud using advanced fraud detection techniques, such as behavioral analytics and machine learning, along with verifying personal information.
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