TFH welcomes the results of the investigation by the Personal Information Protection Commission and pledges to continue its efforts to protect personal information.
The Personal Information Protection Commission held its 16th general meeting on the 25th and awarded 1.14 billion won (approximately 120 million yen) to the World Coin Foundation and TFH.
TFH said it will fully respect the decision of the Personal Information Protection Commission, which reached its conclusion through a cooperative and thorough investigation.
"As artificial intelligence (AI) and the digital economy spread around the world, technologies that utilize an individual's unique information, such as biometric recognition, are becoming increasingly important," he said.
As the importance of personal information protection is emphasized, TFH prioritizes the protection of users' personal information and implements the latest security measures and anonymization to achieve this.
The white paper, "Privacy by Design," which includes these technological achievements,
TFH, which recently announced the launch of “Personal Information Protection Committee (PIPC),” is committed to developing safer digital identity solutions through its collaboration with the Personal Information Protection Commission.
According to the results of the Personal Information Protection Commission's investigation, WorldCoin's Orb device complies with the Personal Information Protection Act in the process of verifying the identity of users.
TFH emphasized that it had fixed some vulnerabilities early on in its service and has been operating in compliance with legal regulations ever since.
TFH acknowledged that it took time for the Personal Information Protection Commission to understand the technical complexities of its anonymization technology.
The survey results were an opportunity to reaffirm the importance of such technology, the company said. In particular, TFH's technology was recognized as an effort to satisfy Korean users' right to personal information protection.
TFH said it will continue to maintain open and transparent communication with regulators around the world and do its best to develop personal information protection technology.
Through the white paper, the company explained the advantages and safeguards of digital identity solutions and promised to make efforts to ensure that policymakers and users fully understand them.
2024/09/26 19:29 KST
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