Schufa, a German credit institution, made millions of dollars by illegally manipulating customer inf

Mondo Technology Updated on 2024-02-17

Noyb (None of Your Business) is a non-profit organization founded in 2017 in Vienna, Austria. Noyb was co-founded by Austrian lawyer and privacy activist Max Schems, the agency's mission is to support strategic legal cases and actions on GDPR (General Data Protection Regulation), proposed e-privacy regulations and information privacy.

The German credit agency Schuffa seems to be making millions of euros by giving Germans their own data. With the help of "technical operations", people cannot obtain a free copy of their data under Article 15 of the GDPR (General Data Protection Regulation) – even if they are actually entitled to lawfully obtain it. The company's main goal seems to be to profit from people looking for a place to live.

People who want to rent an apartment or house in Germany need to prove their financial soundness on a regular basis. As a result, home buyers often find lenders like Schufa, who is on their own ** for 2995 euros ** advertises the "bonitatsauskunft" information service to individuals and claims to offer "advantages in the real estate market".

The German credit agency Schuffa also deliberately withholds information in order to be able to sell its paid products, for example: in addition to offering an abbreviated version of "Datenkopie", which is free, but can only be offered once a year and generally receives it in about 5 days, and "Bonit Tsauskunft", which only pays 2995 euros and will be received in about 5 minutes.

In the case of complainants, the free information only contains a "base score", while the paid information shows six different "industry scores". Article 15 of the GDPR (General Data Protection Regulation) requires companies to fully disclose all data processed.

"The GDPR (General Data Protection Regulation) requires companies to make all data available immediately, transparently, easily and for free," Noyb said. These requirements clearly contradict current business practices that give people their own data. ”

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